Secure Trust Bank (LON:STB) Reaches New 52-Week Low – Here’s Why

Shares of Secure Trust Bank PLC (LON:STB) hit a new 52-week low on Wednesday . The stock traded as low as GBX 342 ($4.34) and last traded at GBX 348 ($4.42), with a volume of 59826 shares trading hands. The stock had previously closed at GBX 353 ($4.48).

Wall Street Analyst Weigh In

Several research analysts recently weighed in on STB shares. Berenberg Bank reissued a “buy” rating and issued a GBX 1,420 ($18.02) target price on shares of Secure Trust Bank in a research note on Wednesday, August 14th. Shore Capital reissued a “house stock” rating on shares of Secure Trust Bank in a research note on Wednesday, October 16th.

Secure Trust Bank Trading Down 2.8 %

The firm’s 50 day moving average is GBX 642.32 and its two-hundred day moving average is GBX 759. The stock has a market cap of £71.82 million, a price-to-earnings ratio of 286.13, a P/E/G ratio of 0.11 and a beta of 0.87.

Insider Activity

In related news, insider Rachel Lawrence acquired 4,094 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was bought at an average price of GBX 486 ($6.17) per share, with a total value of £19,896.84 ($25,256.21). Corporate insiders own 14.85% of the company’s stock.

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.