Secure Trust Bank’s (STB) “House Stock” Rating Reiterated at Shore Capital

Shore Capital reissued their house stock rating on shares of Secure Trust Bank (LON:STB) in a research note released on Wednesday, Marketbeat reports.

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 1,420 ($18.54) price objective on shares of Secure Trust Bank in a research report on Wednesday, August 14th.

Secure Trust Bank Stock Performance

LON STB opened at GBX 820 ($10.71) on Wednesday. The stock has a market capitalization of £154.57 million, a P/E ratio of 598.54, a price-to-earnings-growth ratio of 0.11 and a beta of 0.87. Secure Trust Bank has a 52 week low of GBX 572 ($7.47) and a 52 week high of GBX 950 ($12.41). The stock has a fifty day moving average of GBX 837.04 and a 200-day moving average of GBX 795.06.

Secure Trust Bank Cuts Dividend

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

Insider Buying and Selling at Secure Trust Bank

In related news, insider David McCreadie acquired 5,930 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was acquired at an average cost of GBX 843 ($11.01) per share, with a total value of £49,989.90 ($65,278.01). In other news, insider David McCreadie acquired 5,930 shares of Secure Trust Bank stock in a transaction that occurred on Thursday, August 15th. The shares were acquired at an average price of GBX 843 ($11.01) per share, with a total value of £49,989.90 ($65,278.01). Also, insider Jim Brown purchased 12,600 shares of Secure Trust Bank stock in a transaction dated Tuesday, August 20th. The shares were purchased at an average cost of GBX 860 ($11.23) per share, for a total transaction of £108,360 ($141,499.09). Corporate insiders own 14.85% of the company’s stock.

About Secure Trust Bank

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.