Secure Trust Bank PLC (LON:STB) Insider Acquires £19,896.84 in Stock

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

Secure Trust Bank Price Performance

Shares of Secure Trust Bank stock opened at GBX 455 ($5.92) on Thursday. Secure Trust Bank PLC has a fifty-two week low of GBX 440 ($5.73) and a fifty-two week high of GBX 950 ($12.37). The firm has a market capitalization of £85.77 million, a P/E ratio of 332.12, a P/E/G ratio of 0.11 and a beta of 0.87. The company’s 50 day moving average price is GBX 778.28 and its two-hundred day moving average price is GBX 790.54.

Secure Trust Bank Cuts Dividend

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

Analysts Set New Price Targets

A number of research analysts recently commented on STB shares. Shore Capital reiterated a “house stock” rating on shares of Secure Trust Bank in a research note on Wednesday, October 16th. Berenberg Bank reaffirmed 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.