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Shore Capital Reiterates "House Stock" Rating for Secure Trust Bank (LON:STB)

Secure Trust Bank logo with Financial Services background

Key Points

  • Shore Capital has reaffirmed its "house stock" rating for Secure Trust Bank (LON:STB), indicating confidence in the bank's performance.
  • Shares of Secure Trust Bank rose by 10.9% during mid-day trading, reaching a price of GBX 1,220 ($16.57), with over 143,000 shares traded.
  • Insider Jim Brown purchased 3,525 shares at an average cost of GBX 848 ($11.52), showing insider confidence as company insiders hold 14.85% of the stock.
  • Looking to export and analyze Secure Trust Bank data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Secure Trust Bank (LON:STB - Get Free Report)'s stock had its "house stock" rating reaffirmed by investment analysts at Shore Capital in a research report issued to clients and investors on Thursday,Digital Look reports.

Secure Trust Bank Trading Up 10.9%

Shares of LON STB traded up GBX 120 ($1.63) during mid-day trading on Thursday, reaching GBX 1,220 ($16.57). 143,553 shares of the company's stock were exchanged, compared to its average volume of 120,975. The firm has a market capitalization of £232.35 million, a price-to-earnings ratio of 9.03, a PEG ratio of 0.11 and a beta of 0.87. The business has a fifty day simple moving average of GBX 908.50 and a 200 day simple moving average of GBX 673.02. Secure Trust Bank has a twelve month low of GBX 331 ($4.49) and a twelve month high of GBX 1,220 ($16.57).

Secure Trust Bank (LON:STB - Get Free Report) last released its quarterly earnings results on Thursday, August 14th. The company reported GBX 87.60 ($1.19) EPS for the quarter. Secure Trust Bank had a return on equity of 7.43% and a net margin of 7.20%. Equities research analysts predict that Secure Trust Bank will post 214.2857143 earnings per share for the current fiscal year.

Insider Buying and Selling at Secure Trust Bank

In other Secure Trust Bank news, insider Jim Brown bought 3,525 shares of Secure Trust Bank stock in a transaction dated Wednesday, July 2nd. The stock was bought at an average cost of GBX 848 ($11.52) per share, for a total transaction of £29,892 ($40,592.07). 14.85% of the stock is owned by company insiders.

About Secure Trust Bank

(Get Free Report)

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.

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