Insider Buying: Secure Trust Bank PLC (LON:STB) Insider Purchases 4,094 Shares of Stock

Secure Trust Bank PLC (LON:STB) insider Rachel Lawrence purchased 4,094 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was bought at an average price of GBX 486 ($6.33) per share, with a total value of £19,896.84 ($25,900.60).

Secure Trust Bank Stock Performance

Shares of STB opened at GBX 484 ($6.30) on Wednesday. The company’s 50 day moving average price is GBX 786.66 and its 200 day moving average price is GBX 792.90. The company has a market capitalization of £91.23 million, a PE ratio of 353.28, a PEG ratio of 0.11 and a beta of 0.87. Secure Trust Bank PLC has a 52 week low of GBX 440 ($5.73) and a 52 week high of GBX 950 ($12.37).

Secure Trust Bank Cuts Dividend

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

Wall Street Analysts Forecast Growth

STB has been the topic of several analyst reports. Shore Capital reissued a “house stock” rating on shares of Secure Trust Bank in a research report on Wednesday, October 16th. Berenberg Bank reiterated a “buy” rating and set a GBX 1,420 ($18.48) price target on shares of Secure Trust Bank in a report on Wednesday, August 14th.

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.