Shares of Secure Trust Bank PLC (LON:STB – Get Free Report) reached a new 52-week low during trading on Friday . The stock traded as low as GBX 440 ($5.71) and last traded at GBX 484 ($6.28), with a volume of 940229 shares changing hands. The stock had previously closed at GBX 566 ($7.34).
Wall Street Analysts Forecast Growth
STB has been the topic of several analyst reports. Berenberg Bank restated a “buy” rating and set a GBX 1,420 ($18.42) price target on shares of Secure Trust Bank in a research report on Wednesday, August 14th. Shore Capital reiterated a “house stock” rating on shares of Secure Trust Bank in a research report on Wednesday, October 16th.
Read Our Latest Stock Report on STB
Secure Trust Bank Stock Down 14.5 %
Secure Trust Bank Cuts Dividend
The firm also recently declared a dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, August 29th were paid a GBX 11.30 ($0.15) dividend. This represents a dividend yield of 1.32%. The ex-dividend date was Thursday, August 29th. Secure Trust Bank’s dividend payout ratio is currently 2,043.80%.
Insiders Place Their Bets
In other news, insider David McCreadie bought 5,930 shares of Secure Trust Bank stock in a transaction on Thursday, August 15th. The shares were bought at an average cost of GBX 843 ($10.93) per share, with a total value of £49,989.90 ($64,829.33). In other news, insider David McCreadie bought 5,930 shares of Secure Trust Bank stock in a transaction on Thursday, August 15th. The shares were bought at an average cost of GBX 843 ($10.93) per share, with a total value of £49,989.90 ($64,829.33). Also, insider Jim Brown purchased 12,600 shares of Secure Trust Bank stock in a transaction dated Tuesday, August 20th. The stock was bought at an average cost of GBX 860 ($11.15) per share, for a total transaction of £108,360 ($140,526.52). 14.85% of the stock is owned by insiders.
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.
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