Secure Trust Bank (LON:STB) Rating Reiterated by Shore Capital

Shore Capital reaffirmed their house stock rating on shares of Secure Trust Bank (LON:STB) in a research note issued to investors on Wednesday, Marketbeat reports.

Separately, Berenberg Bank reiterated a buy rating and set a GBX 1,420 ($18.13) target price on shares of Secure Trust Bank in a research report on Friday, May 17th.

Secure Trust Bank Trading Up 0.2 %

LON:STB opened at GBX 848 ($10.83) on Wednesday. Secure Trust Bank has a 12-month low of GBX 572 ($7.30) and a 12-month high of GBX 950 ($12.13). The stock has a 50-day moving average price of GBX 813.85 and a 200 day moving average price of GBX 751.68. The stock has a market capitalization of £161.71 million, a P/E ratio of 618.98, a P/E/G ratio of 0.11 and a beta of 0.75.

Secure Trust Bank Cuts Dividend

The company also recently declared a dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, August 29th will be paid a dividend of GBX 11.30 ($0.14) per share. This represents a yield of 1.32%. The ex-dividend date is Thursday, August 29th. Secure Trust Bank’s payout ratio is presently 2,043.80%.

Insider Activity at Secure Trust Bank

In other news, insider David McCreadie purchased 5,930 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was bought at an average cost of GBX 843 ($10.76) per share, with a total value of £49,989.90 ($63,827.76). 14.68% of the stock is owned by corporate insiders.

About Secure Trust Bank

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.