Shore Capital reiterated their house stock rating on shares of Secure Trust Bank (LON:STB - Free Report) in a report issued on Wednesday morning, Marketbeat Ratings reports.
Separately, Berenberg Bank reiterated a "buy" rating and set a GBX 1,420 ($18.54) target price on shares of Secure Trust Bank in a research report on Wednesday, August 14th.
Read Our Latest Analysis on STB
Secure Trust Bank Stock Performance
Shares of LON:STB traded up GBX 6 ($0.08) during midday trading on Wednesday, reaching GBX 820 ($10.71). The company's stock had a trading volume of 13,815 shares, compared to its average volume of 41,273. The firm has a market capitalization of £154.57 million, a price-to-earnings ratio of 595.62, a PEG ratio of 0.11 and a beta of 0.87. The firm has a 50 day moving average price of GBX 839.04 and a two-hundred day moving average price of GBX 792.70. Secure Trust Bank has a fifty-two week low of GBX 572 ($7.47) and a fifty-two week high of GBX 950 ($12.41).
Secure Trust Bank Cuts Dividend
The company also recently declared a dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, August 29th were paid a dividend of GBX 11.30 ($0.15) per share. This represents a yield of 1.32%. The ex-dividend date of this dividend was Thursday, August 29th. Secure Trust Bank's dividend payout ratio (DPR) is currently 2,043.80%.
Insider Buying and Selling at Secure Trust Bank
In other Secure Trust Bank news, insider David McCreadie acquired 5,930 shares of the company's stock in a transaction on Thursday, August 15th. The shares were purchased at an average cost of GBX 843 ($11.01) per share, with a total value of £49,989.90 ($65,278.01). In related news, insider David McCreadie bought 5,930 shares of the business's stock in a transaction that occurred on Thursday, August 15th. The shares were bought at an average price of GBX 843 ($11.01) per share, with a total value of £49,989.90 ($65,278.01). Also, insider Jim Brown purchased 12,600 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was bought at an average cost of GBX 860 ($11.23) per share, with a total value of £108,360 ($141,499.09). Insiders own 14.85% of the company's stock.
About Secure Trust Bank
(
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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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