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 Ratings reports.

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

Secure Trust Bank Stock Up 0.2 %

Secure Trust Bank stock opened at GBX 820 ($10.71) on Wednesday. The company has a market capitalization of £154.57 million, a P/E ratio of 598.54, a PEG ratio of 0.11 and a beta of 0.87. The stock’s 50 day moving average is GBX 837.04 and its 200 day moving average is GBX 794.18. Secure Trust Bank has a twelve month low of GBX 572 ($7.47) and a twelve month high of GBX 950 ($12.41).

Secure Trust Bank Cuts Dividend

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

Insider Activity at Secure Trust Bank

In other Secure Trust Bank news, insider Jim Brown acquired 12,600 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were acquired at an average cost of GBX 860 ($11.23) per share, with a total value of £108,360 ($141,499.09). In other news, insider David McCreadie purchased 5,930 shares of the stock in a transaction dated Thursday, August 15th. The shares were purchased at an average cost of GBX 843 ($11.01) per share, with a total value of £49,989.90 ($65,278.01). Also, insider Jim Brown purchased 12,600 shares of the stock in a transaction dated Tuesday, August 20th. The shares were purchased at an average cost of GBX 860 ($11.23) per share, for a total transaction of £108,360 ($141,499.09). 14.85% of the stock is currently 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.