Secure Trust Bank (LON:STB) Trading Up 12.9% – Here’s Why

Secure Trust Bank PLC (LON:STB)’s share price traded up 12.9% during trading on Monday . The stock traded as high as GBX 1,260 and last traded at GBX 1,236.22. 2,969,267 shares changed hands during trading, an increase of 2,363% from the average session volume of 120,541 shares. The stock had previously closed at GBX 1,095.

Analyst Ratings Changes

Separately, Shore Capital reiterated a “house stock” rating on shares of Secure Trust Bank in a report on Monday, October 20th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Secure Trust Bank has an average rating of “Buy” and an average target price of GBX 1,420.

Secure Trust Bank Stock Performance

The stock’s fifty day simple moving average is GBX 1,016.72 and its two-hundred day simple moving average is GBX 1,011.87. The company has a market capitalization of £233.98 million, a price-to-earnings ratio of 12.37, a P/E/G ratio of 0.11 and a beta of 0.87.

Insider Activity at Secure Trust Bank

In other Secure Trust Bank news, insider Jim Brown bought 25,000 shares of Secure Trust Bank stock in a transaction that occurred on Wednesday, October 22nd. The stock was purchased at an average cost of GBX 916 per share, for a total transaction of £229,000. Also, insider Ian Corfield purchased 28,296 shares of the firm’s stock in a transaction on Tuesday, October 21st. The stock was acquired at an average price of GBX 879 per share, for a total transaction of £248,721.84. 20.48% of the stock is owned by corporate insiders.

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.