Secure Trust Bank PLC (LON:STB - Get Free Report)'s share price fell 16.1% on Monday . The company traded as low as GBX 632.38 ($8.20) and last traded at GBX 656 ($8.51). 120,501 shares traded hands during mid-day trading, an increase of 191% from the average session volume of 41,375 shares. The stock had previously closed at GBX 782 ($10.14).
Wall Street Analysts Forecast Growth
STB has been the topic of a number of analyst reports. Shore Capital reaffirmed a "house stock" rating on shares of Secure Trust Bank in a research report on Wednesday, October 16th. Berenberg Bank reaffirmed a "buy" rating and set a GBX 1,420 ($18.42) target price on shares of Secure Trust Bank in a research report on Wednesday, August 14th.
Read Our Latest Research Report on Secure Trust Bank
Secure Trust Bank Price Performance
The stock has a market capitalization of £122.53 million, a P/E ratio of 474.45, a price-to-earnings-growth ratio of 0.11 and a beta of 0.87. The company has a fifty day moving average of GBX 828.32 and a two-hundred day moving average of GBX 799.78.
Secure Trust Bank Cuts Dividend
The business also recently announced a dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, August 29th were paid a GBX 11.30 ($0.15) dividend. The ex-dividend date was Thursday, August 29th. This represents a yield of 1.32%. Secure Trust Bank's payout ratio is currently 2,043.80%.
Insider Buying and Selling at Secure Trust Bank
In related news, insider David McCreadie bought 5,930 shares of the firm's stock in a transaction on Thursday, August 15th. The stock was bought at an average cost of GBX 843 ($10.93) per share, for a total transaction of £49,989.90 ($64,829.33). In other Secure Trust Bank news, insider David McCreadie acquired 5,930 shares of Secure Trust Bank stock in a transaction dated Thursday, August 15th. The stock was acquired at an average cost of GBX 843 ($10.93) per share, for a total transaction of £49,989.90 ($64,829.33). Also, insider Jim Brown acquired 12,600 shares of Secure Trust Bank stock in a transaction dated Tuesday, August 20th. The shares were acquired at an average price of GBX 860 ($11.15) per share, with a total value of £108,360 ($140,526.52). 14.85% of the stock is currently owned by insiders.
About Secure Trust Bank
(
Get Free Report)
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.
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