Berenberg Bank Reaffirms “Buy” Rating for Secure Trust Bank (LON:STB)

Berenberg Bank reiterated their buy rating on shares of Secure Trust Bank (LON:STB) in a report published on Monday, MarketBeat Ratings reports. They currently have a GBX 1,420 price objective on the stock.

Separately, Shore Capital reiterated a “house stock” rating on shares of Secure Trust Bank in a research report on Thursday, August 14th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of GBX 1,420.

Secure Trust Bank Price Performance

Shares of STB stock opened at GBX 1,180 on Monday. The stock’s fifty day simple moving average is GBX 950.46 and its 200 day simple moving average is GBX 698.22. The firm has a market cap of £224.73 million, a price-to-earnings ratio of 8.73, a P/E/G ratio of 0.11 and a beta of 0.87. Secure Trust Bank has a one year low of GBX 331 and a one year high of GBX 1,262.93.

Secure Trust Bank (LON:STB) last announced its quarterly earnings results on Thursday, August 14th. The company reported GBX 87.60 EPS for the quarter. Secure Trust Bank had a return on equity of 7.43% and a net margin of 7.20%. On average, research analysts anticipate that Secure Trust Bank will post 214.2857143 earnings per share for the current year.

Insider Buying and Selling at Secure Trust Bank

In other news, insider Jim Brown bought 20,000 shares of the company’s stock in a transaction dated Tuesday, August 19th. The stock was bought at an average price of GBX 1,170 per share, for a total transaction of £234,000. 14.85% of the stock is currently owned by insiders.

Secure Trust Bank Company Profile

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:

(i) Business finance through its Real Estate Finance and Commercial Finance divisions, and
(ii) Consumer finance through its Vehicle Finance and Retail Finance divisions.