Secure Trust Bank PLC (LON:STB) Insider Rachel Lawrence Acquires 4,094 Shares

Secure Trust Bank PLC (LON:STB) insider Rachel Lawrence bought 4,094 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were purchased at an average cost of GBX 486 ($6.33) per share, with a total value of £19,896.84 ($25,900.60).

Secure Trust Bank Stock Down 6.0 %

STB opened at GBX 455 ($5.92) on Thursday. The stock has a market cap of £85.77 million, a price-to-earnings ratio of 332.12, a PEG ratio of 0.11 and a beta of 0.87. Secure Trust Bank PLC has a twelve month low of GBX 440 ($5.73) and a twelve month high of GBX 950 ($12.37). The company’s 50-day moving average price is GBX 778.28 and its two-hundred day moving average price is GBX 790.54.

Secure Trust Bank Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, August 29th were paid a GBX 11.30 ($0.15) dividend. This represents a yield of 1.32%. The ex-dividend date of this dividend was Thursday, August 29th. Secure Trust Bank’s payout ratio is 2,043.80%.

Wall Street Analysts Forecast Growth

STB has been the subject of several research analyst reports. Shore Capital reaffirmed a “house stock” rating on shares of Secure Trust Bank in a research note on Wednesday, October 16th. Berenberg Bank reissued a “buy” rating and set a GBX 1,420 ($18.48) target price on shares of Secure Trust Bank in a research report on Wednesday, August 14th.

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.