Secure Trust Bank (LON:STB) Trading 13.8% Higher – Should You Buy?

Secure Trust Bank PLC (LON:STB) traded up 13.8% during trading on Tuesday . The company traded as high as GBX 398.50 ($4.91) and last traded at GBX 396 ($4.88). 888,413 shares traded hands during trading, an increase of 320% from the average session volume of 211,667 shares. The stock had previously closed at GBX 348 ($4.29).

Analyst Ratings Changes

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Secure Trust Bank in a research note on Wednesday, October 16th.

Secure Trust Bank Stock Up 20.2 %

The stock has a market capitalization of £78.87 million, a P/E ratio of 305.43, a PEG ratio of 0.11 and a beta of 0.87. The firm’s 50-day simple moving average is GBX 364.41 and its 200 day simple moving average is GBX 648.24.

Insider Transactions at Secure Trust Bank

In related news, insider Rachel Lawrence bought 4,094 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were acquired at an average cost of GBX 486 ($5.99) per share, for a total transaction of £19,896.84 ($24,533.71). Corporate insiders own 14.85% of the company’s stock.

Secure Trust Bank Company Profile

Secure Trust Bank is an established, well‐funded and capitalised UK retail bank with over 70‐years of trading history. Secure Trust Bank operates principally from its head office in Solihull, West Midlands, and has 920 employees (full‐time equivalent) as at August 2024. The Group’s diversified lending portfolio currently focuses on two sectors:

(i) Business finance through its Real Estate Finance and Commercial Finance divisions, and
(ii) Consumer finance through its Vehicle Finance and Retail Finance divisions.