Secure Trust Bank (LON:STB) Stock Jumps 1.7% – Here’s Why

Secure Trust Bank PLC (LON:STB) traded up 1.7% on Wednesday. The stock traded as high as GBX 1,446 and last traded at GBX 1,440. 195,739 shares traded hands during mid-day trading, an increase of 65% from the average session volume of 118,311 shares. The stock had previously closed at GBX 1,416.

Wall Street Analysts Forecast Growth

Separately, Shore Capital Group reiterated a “house stock” rating and set a GBX 2,300 target price (up from GBX 2,200) on shares of Secure Trust Bank in a research report on Thursday, August 13th.

Secure Trust Bank Stock Performance

The firm’s fifty day simple moving average is GBX 1,469.01 and its 200 day simple moving average is GBX 1,427.74. The stock has a market capitalization of £260.48 million, a P/E ratio of 11.56, a price-to-earnings-growth ratio of 0.11 and a beta of 0.98.

Secure Trust Bank (LON:STB) last posted its quarterly earnings results on Thursday, August 13th. The company reported GBX 126.40 earnings per share (EPS) for the quarter. Secure Trust Bank had a net margin of 7.80% and a return on equity of 6.44%. Analysts anticipate that Secure Trust Bank PLC will post 214.29 earnings per share for the current fiscal year.

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.