Secure Trust Bank PLC Announces Dividend of GBX 11.30 (LON:STB)

Secure Trust Bank PLC (LON:STB) announced a dividend on Wednesday, August 14th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, August 29th will be given a dividend of GBX 11.30 ($0.15) per share on Thursday, September 26th. This represents a dividend yield of 1.32%. The ex-dividend date of this dividend is Thursday, August 29th. The official announcement can be viewed at this link.

Secure Trust Bank Price Performance

STB opened at GBX 884.60 ($11.67) on Tuesday. The company’s 50 day simple moving average is GBX 818.48 and its 200-day simple moving average is GBX 758.63. Secure Trust Bank has a one year low of GBX 572 ($7.54) and a one year high of GBX 950 ($12.53). The stock has a market capitalization of £168.69 million, a P/E ratio of 646.72, a price-to-earnings-growth ratio of 0.11 and a beta of 0.75.

Analyst Ratings Changes

A number of equities analysts have issued reports on STB shares. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,420 ($18.73) price objective on shares of Secure Trust Bank in a research note on Wednesday, August 14th. Shore Capital reaffirmed a “house stock” rating on shares of Secure Trust Bank in a research note on Wednesday, August 14th.

Insiders Place Their Bets

In other Secure Trust Bank news, insider Jim Brown acquired 12,600 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were acquired at an average price of GBX 860 ($11.34) per share, for a total transaction of £108,360 ($142,898.59). In other news, insider David McCreadie acquired 5,930 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was acquired at an average cost of GBX 843 ($11.12) per share, for a total transaction of £49,989.90 ($65,923.64). Also, insider Jim Brown bought 12,600 shares of the business’s stock in a transaction on Tuesday, August 20th. The stock was purchased at an average price of GBX 860 ($11.34) per share, for a total transaction of £108,360 ($142,898.59). Company insiders own 14.68% of the company’s stock.

About Secure Trust Bank

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.