Secure Trust Bank (LON:STB) Sets New 52-Week Low – Here’s What Happened

Shares of Secure Trust Bank PLC (LON:STB) hit a new 52-week low on Friday . The stock traded as low as GBX 417 ($5.43) and last traded at GBX 417 ($5.43), with a volume of 142302 shares trading hands. The stock had previously closed at GBX 447 ($5.82).

Wall Street Analysts Forecast Growth

Several research firms recently commented on STB. Berenberg Bank reissued a “buy” rating and set a GBX 1,420 ($18.48) target price on shares of Secure Trust Bank in a research note on Wednesday, August 14th. Shore Capital reaffirmed a “house stock” rating on shares of Secure Trust Bank in a research report on Wednesday, October 16th.

Secure Trust Bank Stock Down 6.7 %

The stock’s 50-day moving average is GBX 778.28 and its 200 day moving average is GBX 790.54. The stock has a market capitalization of £78.60 million, a PE ratio of 326.28, a P/E/G ratio of 0.11 and a beta of 0.87.

Secure Trust Bank Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, August 29th were paid a dividend of GBX 11.30 ($0.15) per share. This represents a dividend yield of 1.32%. The ex-dividend date of this dividend was Thursday, August 29th. Secure Trust Bank’s dividend payout ratio (DPR) is presently 2,043.80%.

Insider Buying and Selling

In other Secure Trust Bank news, insider Jim Brown bought 12,600 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was bought at an average cost of GBX 860 ($11.20) per share, with a total value of £108,360 ($141,057.02). In other news, insider David McCreadie bought 5,930 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was purchased at an average price of GBX 843 ($10.97) per share, with a total value of £49,989.90 ($65,074.07). Also, insider Jim Brown purchased 12,600 shares of the stock in a transaction dated Tuesday, August 20th. The stock was acquired at an average cost of GBX 860 ($11.20) per share, for a total transaction of £108,360 ($141,057.02). Over the last quarter, insiders have bought 22,624 shares of company stock worth $17,824,674. Insiders own 14.85% of the company’s stock.

Secure Trust Bank Company Profile

Secure Trust Bank PLC provides banking and financial products and services in the United Kingdom. It operates through four segments: Real Estate Finance, Commercial Finance, Vehicle Finance, and Retail Finance. The Real Estate Finance segment provides secured loans against property assets. The Commercial Finance segment provides invoice discounting solutions, coronavirus business interruption loan scheme, and recovery loan schemes.