Secure Trust Bank (LON:STB) Shares Down 20.2% – Should You Sell?

Secure Trust Bank PLC (LON:STB) traded down 20.2% during mid-day trading on Friday . 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 analysts have issued reports on the company. Shore Capital restated a “house stock” rating on shares of Secure Trust Bank in a report on Thursday. Berenberg Bank reiterated a “buy” rating and issued a GBX 1,420 target price on shares of Secure Trust Bank in a report on Monday, August 18th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Secure Trust Bank currently has an average rating of “Buy” and a consensus price target of GBX 1,420.

Secure Trust Bank Stock Performance

The company has a market cap of £180.05 million, a price-to-earnings ratio of 952.66, a P/E/G ratio of 0.11 and a beta of 0.87. The business has a fifty day moving average price of GBX 1,106.38 and a two-hundred day moving average price of GBX 855.14.

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

Insiders Place Their Bets

In other Secure Trust Bank news, insider Jim Brown bought 20,000 shares of the firm’s stock in a transaction on Tuesday, August 19th. The stock was bought at an average cost of GBX 1,170 per share, with a total value 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.