Secure Trust Bank (LON:STB) Shares Climb 1.7% – Here’s Why

Secure Trust Bank PLC (LON:STB) shares rose 1.7% during trading on Wednesday. The company traded as high as GBX 1,446 and last traded at GBX 1,440. Approximately 195,739 shares changed hands during mid-day trading, an increase of 65% from the average daily volume of 118,311 shares. The stock had previously closed at GBX 1,416.

Analyst Ratings Changes

Separately, Shore Capital Group reissued a “house stock” rating and issued 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 Up 1.7%

The stock has a fifty day moving average price of GBX 1,469.01 and a two-hundred day moving average price of GBX 1,427.74. The company has a market cap of £260.48 million, a price-to-earnings ratio of 11.56, a P/E/G ratio of 0.11 and a beta of 0.98.

Secure Trust Bank (LON:STB) last released 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%. Analysts predict that Secure Trust Bank PLC will post 214.29 earnings per share for the current fiscal year.

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: • 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.