Secure Trust Bank (LON:STB) Trading Down 20.2% - What's Next?

Key Points

• Secure Trust Bank's shares fell by 20.2% during mid-day trading, dropping to a low of GBX 942 ($12.53) from a previous close of GBX 1,210 ($16.09).
• Despite the recent decline, several analysts maintain a "Buy" rating with a price target of GBX 1,420.
• The company reported a net margin of 7.20% and a return on equity of 7.43% in its latest earnings results.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Shore Capital reiterated a "house stock" rating on shares of Secure Trust Bank in a research note on Thursday. Berenberg Bank reiterated a "buy" rating and set a GBX 1,420 price objective on shares of Secure Trust Bank in a research note on Monday, August 18th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Secure Trust Bank has a consensus rating of "Buy" and an average target price of GBX 1,420.

Secure Trust Bank Stock Down 20.2%

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

Secure Trust Bank (LON:STB - Get Free Report) last announced 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%. On average, sell-side analysts anticipate that Secure Trust Bank PLC will post 214.2857143 earnings per share for the current fiscal year.

Insider Transactions at Secure Trust Bank

In related news, insider Jim Brown purchased 20,000 shares of the business's stock in a transaction that occurred on Tuesday, August 19th. The shares were purchased at an average cost of GBX 1,170 per share, with a total value of £234,000. 20.19% 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: • 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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