Secure Trust Bank (LON:STB) Stock Breaks Above Two Hundred Day Moving Average – What’s Next?

Secure Trust Bank PLC (LON:STB)’s share price passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of GBX 1,427.74 and traded as high as GBX 1,446. Secure Trust Bank shares last traded at GBX 1,440, with a volume of 195,739 shares traded.

Wall Street Analyst Weigh In

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

Secure Trust Bank Stock Down 0.3%

The business’s 50-day moving average price is GBX 1,469.01 and its 200-day moving average price is GBX 1,427.74. The firm has a market capitalization of £259.76 million, a PE ratio of 11.52, a price-to-earnings-growth ratio of 0.11 and a beta of 0.98.

Secure Trust Bank (LON:STB) last posted its quarterly earnings results on Thursday, August 13th. The company reported GBX 126.40 EPS for the quarter. Secure Trust Bank had a net margin of 7.80% and a return on equity of 6.44%. On average, analysts anticipate that Secure Trust Bank PLC will post 214.29 EPS for the current fiscal 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.