Secure Trust Bank (LON:STB) Reaches New 1-Year High – Here’s What Happened

Secure Trust Bank PLC (LON:STB)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 1,505 and last traded at GBX 1,470, with a volume of 555693 shares traded. The stock had previously closed at GBX 1,460.

Analysts Set New Price Targets

Separately, Shore Capital reiterated a “house stock” rating on shares of Secure Trust Bank in a research note on Monday, October 20th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of GBX 1,420.

Secure Trust Bank Trading Up 0.7%

The stock has a 50 day moving average price of GBX 1,214.77 and a 200-day moving average price of GBX 1,103.92. The stock has a market capitalization of £274.33 million, a PE ratio of 14.50, a P/E/G ratio of 0.11 and a beta of 0.87.

Insider Activity

In other Secure Trust Bank news, insider Ian Corfield acquired 19,419 shares of the company’s stock in a transaction that occurred on Tuesday, January 6th. The shares were bought at an average price of GBX 1,281 per share, with a total value of £248,757.39. Insiders own 20.48% of the company’s stock.

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.