Secure Trust Bank (LON:STB) Stock Passes Above Two Hundred Day Moving Average of $684.56

Secure Trust Bank PLC (LON:STB) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 684.56 ($8.70) and traded as high as GBX 811 ($10.31). Secure Trust Bank shares last traded at GBX 798 ($10.14), with a volume of 8,718 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on STB shares. Shore Capital restated a “house stock” rating on shares of Secure Trust Bank in a research note on Thursday, May 16th. Berenberg Bank reiterated a “buy” rating and set a GBX 1,420 ($18.05) price target on shares of Secure Trust Bank in a research note on Friday, May 17th.

Secure Trust Bank Price Performance

The firm’s 50-day moving average is GBX 695.41 and its 200 day moving average is GBX 685.87. The stock has a market cap of £152.10 million, a price-to-earnings ratio of 582.48, a price-to-earnings-growth ratio of 0.11 and a beta of 0.75.

Secure Trust Bank Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, May 23rd. Investors of record on Thursday, April 25th were given a dividend of GBX 16.20 ($0.21) per share. This is a positive change from Secure Trust Bank’s previous dividend of $16.00. The ex-dividend date of this dividend was Thursday, April 25th. This represents a yield of 2.46%. Secure Trust Bank’s dividend payout ratio is 2,335.77%.

Insider Transactions at Secure Trust Bank

In other news, insider Rachel Lawrence sold 5,848 shares of the company’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of GBX 695 ($8.83), for a total value of £40,643.60 ($51,656.84). In other news, insider David McCreadie acquired 2,880 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were acquired at an average price of GBX 694 ($8.82) per share, with a total value of £19,987.20 ($25,403.15). Also, insider Rachel Lawrence sold 5,848 shares of the stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of GBX 695 ($8.83), for a total transaction of £40,643.60 ($51,656.84). Company insiders own 14.59% of the company’s stock.

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.