Secure Trust Bank (LON:STB) Trading 14.1% Higher - Here's What Happened

Secure Trust Bank PLC (LON:STB - Get Free Report) was up 14.1% during trading on Monday . The company traded as high as GBX 1,175 ($15.70) and last traded at GBX 1,111 ($14.84). Approximately 2,710,720 shares were traded during mid-day trading, an increase of 1,964% from the average daily volume of 131,352 shares. The stock had previously closed at GBX 974 ($13.01).

Wall Street Analyst Weigh In

Separately, Shore Capital reissued a "house stock" rating on shares of Secure Trust Bank in a report on Friday, July 11th.

Secure Trust Bank Price Performance

The firm has a market capitalization of £214.25 million, a PE ratio of 8.32, a P/E/G ratio of 0.11 and a beta of 0.87. The company has a 50-day moving average price of GBX 868.78 and a 200 day moving average price of GBX 649.67.

Insider Transactions at Secure Trust Bank

In other Secure Trust Bank news, insider Jim Brown acquired 3,525 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The stock was acquired at an average price of GBX 848 ($11.33) per share, with a total value of £29,892 ($39,930.54). 14.85% of the stock is owned by corporate insiders.

Secure Trust Bank Company Profile

Secure Trust Bank is an established, well‐funded and capitalised UK retail bank with over 70‐years of trading history. Secure Trust Bank operates principally from its head office in Solihull, West Midlands. The Group's diversified lending portfolio currently focuses on two sectors: (i) Business finance through its Real Estate Finance and Commercial Finance divisions, and (ii) Consumer finance through its Vehicle Finance and Retail Finance divisions.