Secure Trust Bank (LON:STB) Sets New 1-Year Low – Should You Sell?

Secure Trust Bank PLC (LON:STB)’s stock price hit a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 417 ($5.43) and last traded at GBX 417 ($5.43), with a volume of 142302 shares. The stock had previously closed at GBX 447 ($5.82).

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Shore Capital restated a “house stock” rating on shares of Secure Trust Bank in a report on Wednesday, October 16th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,420 ($18.48) price objective on shares of Secure Trust Bank in a research report on Wednesday, August 14th.

Secure Trust Bank Stock Performance

The company’s fifty day moving average price is GBX 778.28 and its 200 day moving average price is GBX 790.54. The firm has a market capitalization of £78.60 million, a price-to-earnings ratio of 326.28, a price-to-earnings-growth ratio of 0.11 and a beta of 0.87.

Secure Trust Bank Cuts Dividend

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

Insider Buying and Selling

In other news, insider Jim Brown bought 12,600 shares of Secure Trust Bank stock in a transaction on Tuesday, August 20th. The stock was purchased at an average cost of GBX 860 ($11.20) per share, with a total value of £108,360 ($141,057.02). In related news, insider David McCreadie acquired 5,930 shares of Secure Trust Bank stock in a transaction that occurred on Thursday, August 15th. The stock was acquired at an average price of GBX 843 ($10.97) per share, with a total value of £49,989.90 ($65,074.07). Also, insider Jim Brown purchased 12,600 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were bought at an average price of GBX 860 ($11.20) per share, for a total transaction of £108,360 ($141,057.02). Insiders have bought a total of 22,624 shares of company stock valued at $17,824,674 in the last quarter. Company 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.