Secure Trust Bank (LON:STB) Given “House Stock” Rating at Shore Capital

Shore Capital reaffirmed their house stock rating on shares of Secure Trust Bank (LON:STB) in a research report sent to investors on Wednesday morning, Marketbeat reports.

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

Secure Trust Bank Stock Up 0.2 %

Shares of LON STB opened at GBX 820 ($10.71) on Wednesday. Secure Trust Bank has a 12 month low of GBX 572 ($7.47) and a 12 month high of GBX 950 ($12.41). The company has a market cap of £154.57 million, a P/E ratio of 598.54, a P/E/G ratio of 0.11 and a beta of 0.87. The business’s 50 day moving average is GBX 837.04 and its two-hundred day moving average is GBX 795.06.

Secure Trust Bank Cuts Dividend

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

Insider Transactions at Secure Trust Bank

In other Secure Trust Bank news, insider Jim Brown bought 12,600 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were acquired at an average price of GBX 860 ($11.23) per share, with a total value of £108,360 ($141,499.09). In other news, insider David McCreadie bought 5,930 shares of the stock in a transaction dated 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 bought 12,600 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The shares were purchased at an average price of GBX 860 ($11.23) per share, with a total value of £108,360 ($141,499.09). 14.85% of the stock is owned by insiders.

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.