Secure Trust Bank’s (STB) “House Stock” Rating Reiterated at Shore Capital

Shore Capital restated their house stock rating on shares of Secure Trust Bank (LON:STB) in a report published on Monday, Marketbeat Ratings 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 investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of GBX 1,420.

Secure Trust Bank Stock Up 1.3%

Shares of STB stock opened at GBX 926 on Monday. The stock has a fifty day moving average of GBX 1,072.04 and a 200 day moving average of GBX 875.18. Secure Trust Bank has a 52 week low of GBX 331 and a 52 week high of GBX 1,262.93. The firm has a market capitalization of £172.60 million, a price-to-earnings ratio of 9.13, a PEG ratio of 0.11 and a beta of 0.87.

Secure Trust Bank (LON:STB) last announced its quarterly earnings results on Thursday, August 14th. The company reported GBX 87.60 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 anticipate that Secure Trust Bank will post 214.2857143 earnings per share for the current year.

Insider Transactions at Secure Trust Bank

In related news, insider Jim Brown acquired 20,000 shares of the stock in a transaction dated Tuesday, August 19th. The shares were purchased at an average cost of GBX 1,170 per share, with a total value of £234,000. Also, insider Ian Corfield acquired 28,296 shares of the stock in a transaction dated Tuesday, October 21st. The shares were bought at an average cost of GBX 879 per share, for a total transaction of £248,721.84. 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.