Secure Trust Bank (LON:STB) Sets New 52-Week Low – Here’s Why

Secure Trust Bank PLC (LON:STB) reached a new 52-week low during trading on Friday . The stock traded as low as GBX 417 ($5.43) and last traded at GBX 417 ($5.43), with a volume of 142302 shares changing hands. The stock had previously closed at GBX 447 ($5.82).

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,420 ($18.48) price target on shares of Secure Trust Bank in a report on Wednesday, August 14th. Shore Capital reaffirmed a “house stock” rating on shares of Secure Trust Bank in a report on Wednesday, October 16th.

Secure Trust Bank Stock Performance

The business’s 50 day simple moving average is GBX 760.68 and its 200-day simple moving average is GBX 786.21. The stock has a market capitalization of £78.60 million, a price-to-earnings ratio of 304.38, a price-to-earnings-growth ratio of 0.11 and a beta of 0.87.

Secure Trust Bank Cuts Dividend

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

Insider Buying and Selling at Secure Trust Bank

In other news, insider Jim Brown bought 12,600 shares of Secure Trust Bank stock in a transaction on Tuesday, August 20th. The stock was purchased at an average cost of GBX 860 ($11.20) per share, with a total value of £108,360 ($141,057.02). In related news, 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 ($11.20) per share, with a total value of £108,360 ($141,057.02). Also, insider Rachel Lawrence purchased 4,094 shares of Secure Trust Bank stock in a transaction dated Friday, November 1st. The stock was bought at an average cost of GBX 486 ($6.33) per share, with a total value of £19,896.84 ($25,900.60). Insiders bought 22,624 shares of company stock valued at $17,824,674 in the last ninety days. Company 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.