Secure Trust Bank (LON:STB) Sets New 12-Month High – Here’s What Happened

Secure Trust Bank PLC (LON:STB) hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 1,440 and last traded at GBX 1,735, with a volume of 157231 shares traded. The stock had previously closed at GBX 1,400.

Analysts Set New Price Targets

Separately, Shore Capital reiterated a “house stock” rating on shares of Secure Trust Bank in a report on Monday, October 20th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of GBX 1,420.

Secure Trust Bank Stock Up 23.9%

The business’s fifty day moving average is GBX 1,143.66 and its 200-day moving average is GBX 1,078.13. The stock has a market capitalization of £323.79 million, a PE ratio of 17.11, a P/E/G ratio of 0.11 and a beta of 0.87.

Insider Activity

In other news, insider Ian Corfield acquired 19,419 shares of the company’s stock in a transaction dated Tuesday, January 6th. The stock was acquired at an average cost of GBX 1,281 per share, for a total transaction of £248,757.39. 20.48% of the stock is owned by corporate insiders.

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.

The Group’s diversified lending portfolio currently focuses on two sectors:

• Business finance through its Real Estate Finance and Commercial Finance divisions, and
• Consumer finance through its Vehicle Finance and Retail Finance divisions.

Secure Trust Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

Secure Trust Bank PLC, Yorke House, Arleston Way, Solihull, B90 4LH.