Secure Trust Bank (LON:STB) Trading Up 13.8% – Here’s Why

Secure Trust Bank PLC (LON:STB) shares rose 13.8% on Tuesday . The company traded as high as GBX 398.50 ($4.91) and last traded at GBX 396 ($4.88). Approximately 888,413 shares traded hands during mid-day trading, an increase of 320% from the average daily volume of 211,667 shares. The stock had previously closed at GBX 348 ($4.28).

Analyst Upgrades and Downgrades

Separately, Shore Capital reissued a “house stock” rating on shares of Secure Trust Bank in a research note on Wednesday, October 16th.

Secure Trust Bank Trading Up 0.7 %

The company has a fifty day moving average price of GBX 363.33 and a two-hundred day moving average price of GBX 643.88. The firm has a market capitalization of £84.64 million, a price-to-earnings ratio of 327.74, a PEG ratio of 0.11 and a beta of 0.87.

Insider Activity at Secure Trust Bank

In other Secure Trust Bank news, insider Rachel Lawrence purchased 4,094 shares of the business’s stock in a transaction on Friday, November 1st. The shares were bought at an average cost of GBX 486 ($5.98) per share, for a total transaction of £19,896.84 ($24,494.45). 14.85% of the stock is owned by insiders.

Secure Trust Bank Company Profile

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, and has 920 employees (full‐time equivalent) as at August 2024. 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.