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

Secure Trust Bank PLC (LON:STB) 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. The stock had previously closed at GBX 566 ($7.34).

Analyst Upgrades and Downgrades

Several research analysts have commented on STB shares. Berenberg Bank reiterated a “buy” rating and set a GBX 1,420 ($18.42) price target on shares of Secure Trust Bank in a report on Wednesday, August 14th. Shore Capital restated a “house stock” rating on shares of Secure Trust Bank in a report on Wednesday, October 16th.

Secure Trust Bank Stock Performance

The firm’s 50-day moving average is GBX 810.66 and its 200 day moving average is GBX 795.79. The stock has a market cap of £91.23 million, a PE ratio of 348.32, a P/E/G ratio of 0.11 and a beta of 0.87.

Secure Trust Bank Cuts Dividend

The firm also recently declared 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 was Thursday, August 29th. This represents a yield of 1.32%. Secure Trust Bank’s dividend payout ratio (DPR) is 2,043.80%.

Insiders Place Their Bets

In other news, insider Jim Brown acquired 12,600 shares of the business’s stock in a transaction on Tuesday, August 20th. The stock was bought at an average price of GBX 860 ($11.15) per share, for a total transaction of £108,360 ($140,526.52). In related news, insider David McCreadie purchased 5,930 shares of the stock in a transaction dated Thursday, August 15th. The shares were acquired 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 the stock in a transaction dated Tuesday, August 20th. The shares were 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.

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.