Secure Trust Bank's (STB) "House Stock" Rating Reaffirmed at Shore Capital

Key Points

• Shore Capital has reaffirmed Secure Trust Bank's "house stock" rating, while Berenberg Bank has set a "buy" rating with a price target of GBX 1,420.
• Secure Trust Bank's stock has recently experienced a 3.6% decline, trading at GBX 851.95, with a 12-month high of GBX 1,262.93.
• Insider Jim Brown purchased 20,000 shares of Secure Trust Bank at an average of GBX 1,170 per share, indicating confidence in the company.

Secure Trust Bank (LON:STB - Get Free Report)'s stock had its "house stock" rating restated by Shore Capital in a report released on Monday,Digital Look reports.

Separately, Berenberg Bank restated a "buy" rating and issued a GBX 1,420 price target 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, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of GBX 1,420.

Secure Trust Bank Trading Down 3.6%

LON:STB opened at GBX 851.95 on Monday. The firm has a market cap of £158.80 million, a P/E ratio of 8.40, a PEG ratio of 0.11 and a beta of 0.87. The stock's 50 day simple moving average is GBX 1,085.30 and its 200-day simple moving average is GBX 872.65. Secure Trust Bank has a 12-month low of GBX 331 and a 12-month high of GBX 1,262.93.

Secure Trust Bank (LON:STB - Get Free Report) last released its earnings results 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%. Research analysts forecast that Secure Trust Bank will post 214.2857143 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Jim Brown bought 20,000 shares of the firm's stock in a transaction on Tuesday, August 19th. The shares were bought at an average cost of GBX 1,170 per share, for a total transaction of £234,000. 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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