Insider Buying: Secure Trust Bank PLC (LON:STB) Insider Buys 2,880 Shares of Stock

Secure Trust Bank PLC (LON:STB) insider David McCreadie acquired 2,880 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were purchased at an average price of GBX 694 ($8.72) per share, with a total value of £19,987.20 ($25,109.55).

David McCreadie also recently made the following trade(s):

• On Tuesday, May 7th, David McCreadie purchased 2,882 shares of Secure Trust Bank stock. The shares were acquired at an average price of GBX 690 ($8.67) per share, with a total value of £19,885.80 ($24,982.16).

Secure Trust Bank Stock Up 2.7 %

LON:STB traded up GBX 18 ($0.23) during mid-day trading on Tuesday, hitting GBX 688 ($8.64). 15,549 shares of the stock traded hands, compared to its average volume of 37,978. Secure Trust Bank PLC has a 12-month low of GBX 550 ($6.91) and a 12-month high of GBX 750 ($9.42). The company has a market cap of £131.13 million, a PE ratio of 503.65, a price-to-earnings-growth ratio of 0.11 and a beta of 0.77. The business’s 50-day moving average price is GBX 685.36 and its 200 day moving average price is GBX 673.45.

Secure Trust Bank Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Thursday, April 25th will be paid a GBX 16.20 ($0.20) dividend. The ex-dividend date of this dividend is Thursday, April 25th. This represents a yield of 2.46%. This is a positive change from Secure Trust Bank’s previous dividend of $16.00. Secure Trust Bank’s dividend payout ratio is currently 2,335.77%.

Analyst Ratings Changes

Separately, Shore Capital reiterated a “house stock” rating on shares of Secure Trust Bank in a research note on Thursday, March 21st.

Secure Trust Bank Company Profile

Secure Trust Bank PLC provides banking and financial products and services in the United Kingdom. It operates through four segments: Real Estate Finance, Commercial Finance, Vehicle Finance, and Retail Finance. The Real Estate Finance segment provides secured loans against property assets. The Commercial Finance segment provides invoice discounting solutions, coronavirus business interruption loan scheme, and recovery loan schemes.