Shore Capital Reaffirms “House Stock” Rating for Secure Trust Bank (LON:STB)

Shore Capital reaffirmed their house stock rating on shares of Secure Trust Bank (LON:STB) in a research note released on Wednesday morning, Marketbeat.com reports.

Secure Trust Bank Trading Up 1.9%

Shares of LON STB opened at GBX 858 ($11.72) on Wednesday. The company has a 50-day moving average of GBX 696.04 and a 200 day moving average of GBX 541.58. Secure Trust Bank has a 12-month low of GBX 331 ($4.52) and a 12-month high of GBX 908 ($12.40). The stock has a market cap of £163.40 million, a PE ratio of 6.35, a P/E/G ratio of 0.11 and a beta of 0.87.

Insider Buying and Selling

In other Secure Trust Bank news, insider Rachel Lawrence sold 6,167 shares of the firm’s stock in a transaction on Monday, April 7th. The stock was sold at an average price of GBX 534 ($7.29), for a total value of £32,931.78 ($44,970.34). Insiders own 14.85% of the company’s stock.

Secure Trust Bank Company Profile

Secure Trust Bank is an established, well‐funded and capitalised UK retail bank with over 70‐years of trading history. Secure Trust Bank operates principally from its head office in Solihull, West Midlands.

The Group’s diversified lending portfolio currently focuses on two sectors:

(i) Business finance through its Real Estate Finance and Commercial Finance divisions, and
(ii) Consumer finance through its Vehicle Finance and Retail Finance divisions.