Secure Trust Bank (LON:STB) Hits New 12-Month Low – Time to Sell?

Secure Trust Bank PLC (LON:STB)’s stock price hit a new 52-week low during trading on Wednesday . The stock traded as low as GBX 342 ($4.30) and last traded at GBX 348 ($4.37), with a volume of 59826 shares. The stock had previously closed at GBX 353 ($4.44).

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on STB. Shore Capital restated a “house stock” rating on shares of Secure Trust Bank in a report on Wednesday, October 16th. Berenberg Bank restated a “buy” rating and issued a GBX 1,420 ($17.85) price target on shares of Secure Trust Bank in a research note on Wednesday, August 14th.

Secure Trust Bank Stock Performance

The company has a market cap of £65.60 million, a P/E ratio of 257.66, a P/E/G ratio of 0.11 and a beta of 0.87. The business’s 50-day moving average price is GBX 660.52 and its 200 day moving average price is GBX 763.96.

Insider Buying and Selling at Secure Trust Bank

In related news, insider Rachel Lawrence acquired 4,094 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were bought at an average cost of GBX 486 ($6.11) per share, with a total value of £19,896.84 ($25,011.74). Corporate 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.