Secure Trust Bank (LON:STB) Trading Down 20.2% - Here's Why

Key Points

• Secure Trust Bank's stock experienced a significant decline of 20.2%, trading at GBX 966 compared to its previous close of GBX 1,210.
• The bank's current market capitalization stands at £180.05 million, alongside a notably high P/E ratio of 952.66.
• Despite the decline, analysts maintain a consensus "Buy" rating with a target price of GBX 1,420, indicating potential upside.

Secure Trust Bank PLC (LON:STB - Get Free Report) shares dropped 20.2% on Thursday . The company traded as low as GBX 942 ($12.53) and last traded at GBX 966 ($12.85). Approximately 848,824 shares traded hands during trading, an increase of 624% from the average daily volume of 117,200 shares. The stock had previously closed at GBX 1,210 ($16.09).

Wall Street Analysts Forecast Growth

STB has been the subject of several research analyst reports. Berenberg Bank restated a "buy" rating and issued a GBX 1,420 price objective on shares of Secure Trust Bank in a report on Monday, August 18th. Shore Capital restated a "house stock" rating on shares of Secure Trust Bank in a research report on Thursday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Secure Trust Bank has an average rating of "Buy" and an average price target of GBX 1,420.

Secure Trust Bank Price Performance

The firm's 50 day moving average price is GBX 1,106.38 and its 200-day moving average price is GBX 855.14. The stock has a market cap of £180.05 million, a P/E ratio of 952.66, a P/E/G ratio of 0.11 and a beta of 0.87.

Secure Trust Bank (LON:STB - Get Free Report) last released its quarterly earnings data on Thursday, August 14th. The company reported GBX 87.60 earnings per share (EPS) for the quarter. Secure Trust Bank had a return on equity of 7.43% and a net margin of 7.20%. On average, analysts expect that Secure Trust Bank PLC will post 214.2857143 earnings per share for the current year.

Insiders Place Their Bets

In other Secure Trust Bank news, insider Jim Brown bought 20,000 shares of the firm's stock in a transaction on Tuesday, August 19th. The stock was acquired at an average price of GBX 1,170 per share, with a total value of £234,000. Company insiders own 20.19% of the company's stock.

About Secure Trust Bank

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: • Business finance through its Real Estate Finance and Commercial Finance divisions, and • Consumer finance through its Vehicle Finance and Retail Finance divisions. Secure Trust Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Secure Trust Bank PLC, Yorke House, Arleston Way, Solihull, B90 4LH.

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