Insider Buying: Secure Trust Bank (LON:STB) Insider Buys 20,000 Shares of Stock

Secure Trust Bank PLC (LON:STB) insider Jim Brown purchased 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 19th. The shares were bought at an average price of GBX 1,170 per share, with a total value of £234,000.

Jim Brown also recently made the following trade(s):

• On Wednesday, July 2nd, Jim Brown purchased 3,525 shares of Secure Trust Bank stock. The stock was purchased at an average cost of GBX 848 per share, for a total transaction of £29,892.

Secure Trust Bank Stock Performance

Shares of STB stock opened at GBX 1,180 on Friday. Secure Trust Bank PLC has a 1 year low of GBX 331 and a 1 year high of GBX 1,262.93. The firm’s fifty day simple moving average is GBX 967.42 and its 200 day simple moving average is GBX 708.64. The firm has a market capitalization of £224.73 million, a P/E ratio of 8.73, a price-to-earnings-growth ratio of 0.11 and a beta of 0.87.

Secure Trust Bank (LON:STB) last issued its earnings results on Thursday, August 14th. The company reported GBX 87.60 EPS for the quarter. Secure Trust Bank had a net margin of 7.20% and a return on equity of 7.43%. Equities research analysts anticipate that Secure Trust Bank PLC will post 214.2857143 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

STB has been the subject of a number of recent research reports. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,420 price target on shares of Secure Trust Bank in a research report on Monday, August 18th. Shore Capital reaffirmed a “house stock” rating on shares of Secure Trust Bank in a report on Thursday, August 14th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, Secure Trust Bank has a consensus rating of “Buy” and a consensus price target of GBX 1,420.

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:

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