Secure Trust Bank (LON:STB) Reaches New 52-Week Low - Should You Sell?

Secure Trust Bank PLC (LON:STB - Get Free Report)'s stock price reached a new 52-week low during trading on Friday . The company traded as low as GBX 440 ($5.71) and last traded at GBX 484 ($6.28), with a volume of 940229 shares changing hands. The stock had previously closed at GBX 566 ($7.34).

Analyst Ratings Changes

A number of brokerages have recently issued reports on STB. Shore Capital reaffirmed a "house stock" rating on shares of Secure Trust Bank in a report on Wednesday, October 16th. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 1,420 ($18.42) target price on shares of Secure Trust Bank in a report on Wednesday, August 14th.

Secure Trust Bank Stock Performance

The stock's fifty day moving average is GBX 802.42 and its 200 day moving average is GBX 794.35. The stock has a market cap of £89.35 million, a P/E ratio of 345.99, a P/E/G ratio of 0.11 and a beta of 0.87.

Secure Trust Bank Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, August 29th were issued a dividend of GBX 11.30 ($0.15) per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a yield of 1.32%. Secure Trust Bank's payout ratio is 2,043.80%.

Insider Activity

In other news, insider David McCreadie purchased 5,930 shares of the business's stock in a transaction on Thursday, August 15th. The shares were acquired at an average cost of GBX 843 ($10.93) per share, with a total value of £49,989.90 ($64,829.33). In other Secure Trust Bank news, insider Jim Brown purchased 12,600 shares of the business's stock in a transaction that occurred on Tuesday, August 20th. The stock was purchased at an average price of GBX 860 ($11.15) per share, for a total transaction of £108,360 ($140,526.52). Also, insider David McCreadie bought 5,930 shares of the firm's stock in a transaction dated Thursday, August 15th. The shares were acquired at an average price of GBX 843 ($10.93) per share, for a total transaction of £49,989.90 ($64,829.33). Insiders own 14.85% of the company's stock.

About Secure Trust Bank

Secure Trust Bank PLC provides banking and financial products and services in the United Kingdom. It operates through four segments: Real Estate Finance, Commercial Finance, Vehicle Finance, and Retail Finance. The Real Estate Finance segment provides secured loans against property assets. The Commercial Finance segment provides invoice discounting solutions, coronavirus business interruption loan scheme, and recovery loan schemes.