Secure Trust Bank (LON:STB) Hits New 52-Week Low – Should You Sell?

Secure Trust Bank PLC (LON:STB)’s share price hit a new 52-week low on Wednesday . The company traded as low as GBX 342 ($4.30) and last traded at GBX 348 ($4.37), with a volume of 59826 shares changing hands. The stock had previously closed at GBX 353 ($4.44).

Analyst Ratings Changes

STB has been the topic of several research reports. Shore Capital reaffirmed a “house stock” rating on shares of Secure Trust Bank in a report on Wednesday, October 16th. Berenberg Bank reiterated a “buy” rating and issued a GBX 1,420 ($17.85) price target on shares of Secure Trust Bank in a report on Wednesday, August 14th.

Secure Trust Bank Trading Down 1.4 %

The firm has a market cap of £65.60 million, a price-to-earnings ratio of 257.66, a P/E/G ratio of 0.11 and a beta of 0.87. The company has a 50 day moving average of GBX 660.52 and a 200 day moving average of GBX 763.96.

Insider Activity at Secure Trust Bank

In related news, insider Rachel Lawrence acquired 4,094 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were acquired at an average cost of GBX 486 ($6.11) per share, for a total transaction of £19,896.84 ($25,011.74). 14.85% of the stock is owned by insiders.

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.