Secure Trust Bank (LON:STB) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Secure Trust Bank PLC (LON:STB)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,405.47 and traded as high as GBX 1,532. Secure Trust Bank shares last traded at GBX 1,518, with a volume of 39,898 shares.

Wall Street Analyst Weigh In

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

Secure Trust Bank Price Performance

The company’s 50-day moving average price is GBX 1,537.04 and its 200-day moving average price is GBX 1,405.47. The company has a market cap of £279.52 million, a P/E ratio of 17.06, a P/E/G ratio of 0.11 and a beta of 0.96.

Secure Trust Bank (LON:STB) last issued its quarterly earnings data on Thursday, August 13th. The company reported GBX 126.40 EPS for the quarter. Secure Trust Bank had a net margin of 7.80% and a return on equity of 6.44%. On average, equities research analysts predict that Secure Trust Bank PLC will post 214.2857143 EPS for the current 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.

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