Secure Trust Bank (LON:STB) Shares Up 1.7% – Time to Buy?

Secure Trust Bank PLC (LON:STB)’s share price traded up 1.7% during trading on Wednesday. The company traded as high as GBX 1,446 and last traded at GBX 1,440. Approximately 195,739 shares traded hands during mid-day trading, an increase of 65% from the average session volume of 118,311 shares. The stock had previously closed at GBX 1,416.

Analyst Ratings Changes

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

Secure Trust Bank Trading Down 2.1%

The company has a fifty day moving average of GBX 1,467.89 and a 200-day moving average of GBX 1,426.24. The company 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.

Secure Trust Bank (LON:STB) last announced 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%. As a group, equities research analysts expect that Secure Trust Bank PLC will post 214.29 EPS for the current year.

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: • 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.