Insider Selling: Secure Trust Bank PLC (LON:STB) Insider Sells 6,167 Shares of Stock

Secure Trust Bank PLC (LON:STB - Get Free Report) insider Rachel Lawrence sold 6,167 shares of the firm's stock in a transaction on Monday, April 7th. The stock was sold at an average price of GBX 534 ($6.99), for a total value of £32,931.78 ($43,104.42).

Secure Trust Bank Price Performance

Shares of STB traded up GBX 8 ($0.10) during trading hours on Friday, hitting GBX 550 ($7.20). 87,003 shares of the stock were exchanged, compared to its average volume of 138,353. Secure Trust Bank PLC has a fifty-two week low of GBX 331 ($4.33) and a fifty-two week high of GBX 950 ($12.43). The business has a 50-day moving average of GBX 499.23 and a 200-day moving average of GBX 503.62. The firm has a market capitalization of £104.75 million, a P/E ratio of 4.07, a price-to-earnings-growth ratio of 0.11 and a beta of 0.87.

Secure Trust Bank (LON:STB - Get Free Report) last announced its quarterly earnings data on Thursday, March 13th. The company reported GBX 103.40 ($1.35) earnings per share (EPS) for the quarter. Secure Trust Bank had a return on equity of 7.43% and a net margin of 7.20%. As a group, analysts forecast that Secure Trust Bank PLC will post 214.2857143 earnings per share for the current fiscal year.

Secure Trust Bank Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, April 24th will be paid a GBX 22.50 ($0.29) dividend. The ex-dividend date of this dividend is Thursday, April 24th. This represents a dividend yield of 3.92%. This is a positive change from Secure Trust Bank's previous dividend of $11.30. Secure Trust Bank's payout ratio is currently 20.71%.

Analysts Set New Price Targets

Separately, Shore Capital reiterated a "house stock" rating on shares of Secure Trust Bank in a report on Thursday, March 13th.

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, and has 920 employees (full‐time equivalent) as at August 2024. The Group's diversified lending portfolio currently focuses on two sectors: (i) Business finance through its Real Estate Finance and Commercial Finance divisions, and (ii) Consumer finance through its Vehicle Finance and Retail Finance divisions.