Shore Capital Reiterates “House Stock” Rating for Secure Trust Bank (LON:STB)

Secure Trust Bank (LON:STB)‘s stock had its “house stock” rating reissued by research analysts at Shore Capital in a report released on Thursday, Marketbeat reports.

Secure Trust Bank Stock Performance

Shares of Secure Trust Bank stock opened at GBX 1,145 ($15.52) on Thursday. The stock has a market cap of £218.06 million, a price-to-earnings ratio of 8.47, a price-to-earnings-growth ratio of 0.11 and a beta of 0.87. The stock has a 50 day moving average price of GBX 926 and a 200-day moving average price of GBX 683.25. Secure Trust Bank has a one year low of GBX 331 ($4.49) and a one year high of GBX 1,262.93 ($17.12).

Secure Trust Bank (LON:STB) last released its earnings results on Thursday, August 14th. The company reported GBX 87.60 ($1.19) EPS for the quarter. Secure Trust Bank had a return on equity of 7.43% and a net margin of 7.20%. Sell-side analysts predict that Secure Trust Bank will post 214.2857143 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Jim Brown bought 3,525 shares of the stock in a transaction on Wednesday, July 2nd. The stock was bought at an average price of GBX 848 ($11.49) per share, for a total transaction of £29,892 ($40,515.04). 14.85% of the stock is currently owned by corporate insiders.

About Secure Trust Bank

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:

(i) Business finance through its Real Estate Finance and Commercial Finance divisions, and
(ii) Consumer finance through its Vehicle Finance and Retail Finance divisions.