Secure Trust Bank (LON:STB) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Secure Trust Bank PLC (LON:STB) shares crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of GBX 1,427.74 and traded as high as GBX 1,446. Secure Trust Bank shares last traded at GBX 1,440, with a volume of 195,739 shares traded.

Analysts Set New Price Targets

Separately, Shore Capital Group reissued a “house stock” rating and issued a GBX 2,300 price objective (up from GBX 2,200) on shares of Secure Trust Bank in a research note on Thursday, August 13th.

Secure Trust Bank Price Performance

The firm has a market capitalization of £253.97 million, a price-to-earnings ratio of 11.27, a PEG ratio of 0.11 and a beta of 0.98. The firm has a 50 day moving average price of GBX 1,466.17 and a 200-day moving average price of GBX 1,425.96.

Secure Trust Bank (LON:STB) last released its earnings results on Thursday, August 13th. The company reported GBX 126.40 EPS for the quarter. Secure Trust Bank had a return on equity of 6.44% and a net margin of 7.80%. Equities research analysts predict that Secure Trust Bank PLC will post 214.29 earnings per share for the current year.

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.