Secure Trust Bank (LON:STB) Reaches New 52-Week Low – Here’s Why

Secure Trust Bank PLC (LON:STB) reached a new 52-week low during trading on Wednesday . The company traded as low as GBX 342 ($4.34) and last traded at GBX 348 ($4.42), with a volume of 59826 shares trading hands. The stock had previously closed at GBX 353 ($4.48).

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on STB. Shore Capital reiterated a “house stock” rating on shares of Secure Trust Bank in a report on Wednesday, October 16th. Berenberg Bank reiterated a “buy” rating and set a GBX 1,420 ($18.02) price objective on shares of Secure Trust Bank in a research note on Wednesday, August 14th.

Secure Trust Bank Stock Performance

The firm has a fifty day moving average of GBX 642.32 and a 200-day moving average of GBX 759. The stock has a market capitalization of £71.82 million, a price-to-earnings ratio of 286.13, a P/E/G ratio of 0.11 and a beta of 0.87.

Insider Activity

In other news, insider Rachel Lawrence bought 4,094 shares of Secure Trust Bank stock in a transaction dated Friday, November 1st. The shares were acquired at an average cost of GBX 486 ($6.17) per share, with a total value of £19,896.84 ($25,256.21). Insiders own 14.85% of the company’s stock.

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.