Insider Buying: Secure Trust Bank PLC (LON:STB) Insider Acquires 4,094 Shares of Stock

Secure Trust Bank PLC (LON:STB) insider Rachel Lawrence bought 4,094 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was purchased at an average price of GBX 486 ($6.30) per share, with a total value of £19,896.84 ($25,803.19).

Secure Trust Bank Price Performance

LON STB opened at GBX 494 ($6.41) on Tuesday. The company has a market capitalization of £93.12 million, a price-to-earnings ratio of 360.58, a price-to-earnings-growth ratio of 0.11 and a beta of 0.87. Secure Trust Bank PLC has a 12 month low of GBX 440 ($5.71) and a 12 month high of GBX 950 ($12.32). The company’s fifty day moving average price is GBX 794.58 and its two-hundred day moving average price is GBX 794.53.

Secure Trust Bank Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, August 29th were issued a dividend of GBX 11.30 ($0.15) per share. The ex-dividend date was Thursday, August 29th. This represents a dividend yield of 1.32%. Secure Trust Bank’s dividend payout ratio (DPR) is 2,043.80%.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Shore Capital reiterated a “house stock” rating on shares of Secure Trust Bank in a research note on Wednesday, October 16th. Berenberg Bank reiterated a “buy” rating and set a GBX 1,420 ($18.42) price objective on shares of Secure Trust Bank in a research note on Wednesday, August 14th.

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.