Secure Trust Bank (LON:STB) Trading Down 20.2% - Time to Sell?

Key Points

• Secure Trust Bank's shares have seen a significant drop of 20.2%, trading as low as GBX 942, with a substantial increase in trading volume.
• Analysts have mixed views; while Berenberg Bank maintains a buy rating with a price target of GBX 1,420, the stock also holds a high P/E ratio of 952.66.
• Insider Jim Brown purchased 20,000 shares at GBX 1,170 per share, suggesting confidence in the company despite current market fluctuations.

Shares of Secure Trust Bank PLC (LON:STB - Get Free Report) were down 20.2% during trading on Friday . The company traded as low as GBX 942 ($12.53) and last traded at GBX 966 ($12.85). Approximately 848,824 shares were traded during mid-day 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).

Analysts Set New Price Targets

A number of analysts have commented on STB shares. Shore Capital reiterated a "house stock" rating on shares of Secure Trust Bank in a report on Thursday. Berenberg Bank restated a "buy" rating and set a GBX 1,420 price target on shares of Secure Trust Bank in a report on Monday, August 18th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of GBX 1,420.

Secure Trust Bank Trading Down 0.0%

The company's fifty day moving average is GBX 1,106.38 and its two-hundred day moving average is GBX 855.14. The stock has a market cap of £180.01 million, a price-to-earnings ratio of 952.42, a P/E/G ratio of 0.11 and a beta of 0.87.

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

Insider Buying and Selling

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

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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