Shore Capital reaffirmed their house stock rating on shares of Secure Trust Bank (LON:STB – Free Report) 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.
Check Out Our Latest Research Report on Secure Trust Bank
Secure Trust Bank Trading Up 0.2 %
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.
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