Secure Trust Bank (LON:STB) Stock Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Secure Trust Bank PLC (LON:STB)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 797.97 ($10.36) and traded as low as GBX 782 ($10.15). Secure Trust Bank shares last traded at GBX 782 ($10.15), with a volume of 12,060 shares traded.

Analysts Set New Price Targets

STB has been the topic of a number of analyst reports. Berenberg Bank reiterated a “buy” rating and issued a GBX 1,420 ($18.44) price target on shares of Secure Trust Bank in a research report on Wednesday, August 14th. Shore Capital reiterated a “house stock” rating on shares of Secure Trust Bank in a report on Wednesday, October 16th.

Secure Trust Bank Stock Down 1.5 %

The company has a market capitalization of £147.41 million, a P/E ratio of 570.80, a P/E/G ratio of 0.11 and a beta of 0.87. The firm has a fifty day simple moving average of GBX 833.80 and a 200-day simple moving average of GBX 797.91.

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 issued 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 dividend payout ratio (DPR) is currently 2,043.80%.

Insider Activity

In related news, insider Jim Brown acquired 12,600 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The shares were acquired at an average cost of GBX 860 ($11.17) per share, with a total value of £108,360 ($140,690.73). In other Secure Trust Bank news, insider David McCreadie purchased 5,930 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was bought at an average cost of GBX 843 ($10.95) per share, with a total value of £49,989.90 ($64,905.09). Also, insider Jim Brown acquired 12,600 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was acquired at an average cost of GBX 860 ($11.17) per share, for a total transaction of £108,360 ($140,690.73). Corporate insiders own 14.85% of the company’s stock.

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.