Secure Trust Bank (LON:STB) Hits New 52-Week High – Should You Buy?

Secure Trust Bank PLC (LON:STB) shares hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 1,345 and last traded at GBX 1,345, with a volume of 51892 shares changing hands. The stock had previously closed at GBX 1,330.

Wall Street Analysts Forecast Growth

Separately, Shore Capital restated a “house stock” rating on shares of Secure Trust Bank in a report on Monday, October 20th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Secure Trust Bank has a consensus rating of “Buy” and a consensus target price of GBX 1,420.

Secure Trust Bank Trading Up 1.1%

The firm’s 50 day simple moving average is GBX 1,076.90 and its two-hundred day simple moving average is GBX 1,045.14. The firm has a market cap of £251.00 million, a price-to-earnings ratio of 13.26, a PEG ratio of 0.11 and a beta of 0.87.

Insider Buying and Selling

In other Secure Trust Bank news, insider Jim Brown purchased 25,000 shares of the company’s stock in a transaction dated Wednesday, October 22nd. The stock was bought at an average cost of GBX 916 per share, for a total transaction of £229,000. Also, insider Ian Corfield purchased 19,419 shares of Secure Trust Bank stock in a transaction that occurred on Tuesday, January 6th. The shares were bought at an average cost of GBX 1,281 per share, for a total transaction of £248,757.39. Over the last quarter, insiders bought 72,715 shares of company stock valued at $72,647,923. 20.48% of the stock is owned by company insiders.

About Secure Trust Bank

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:

• Business finance through its Real Estate Finance and Commercial Finance divisions, and
• Consumer finance through its Vehicle Finance and Retail Finance divisions.

Secure Trust Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

Secure Trust Bank PLC, Yorke House, Arleston Way, Solihull, B90 4LH.