Secure Trust Bank (LON:STB) Stock Crosses Below 200-Day Moving Average of $1,131.11

Secure Trust Bank PLC (LON:STBGet Rating) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,131.11 ($13.67) and traded as low as GBX 946 ($11.43). Secure Trust Bank shares last traded at GBX 960 ($11.60), with a volume of 5,465 shares changing hands.

Analyst Ratings Changes

Several research firms have commented on STB. Shore Capital reaffirmed a “buy” rating on shares of Secure Trust Bank in a research note on Thursday, August 4th. Berenberg Bank reissued a “buy” rating and set a GBX 1,820 ($21.99) target price on shares of Secure Trust Bank in a research note on Monday, August 8th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of GBX 1,748.20 ($21.12).

Secure Trust Bank Trading Down 1.3 %

The firm has a market capitalization of £176.79 million and a PE ratio of 566.86. The business has a 50 day moving average price of GBX 1,050.08 and a 200-day moving average price of GBX 1,128.72.

Secure Trust Bank Cuts Dividend

The company also recently declared a dividend, which will be paid on Monday, September 26th. Investors of record on Thursday, August 25th will be issued a GBX 16 ($0.19) dividend. This represents a dividend yield of 1.28%. The ex-dividend date of this dividend is Thursday, August 25th. Secure Trust Bank’s dividend payout ratio is currently 36.15%.

Insider Buying and Selling

In other news, insider Rachel Lawrence purchased 1,742 shares of the stock in a transaction that occurred on Friday, August 5th. The shares were acquired at an average price of GBX 1,142 ($13.80) per share, for a total transaction of £19,893.64 ($24,037.75). In related news, insider Rachel Lawrence bought 1,742 shares of the stock in a transaction on Friday, August 5th. The shares were purchased at an average price of GBX 1,142 ($13.80) per share, for a total transaction of £19,893.64 ($24,037.75). Also, insider David McCreadie bought 2,020 shares of the stock in a transaction on Friday, September 2nd. The shares were bought at an average price of GBX 984 ($11.89) per share, for a total transaction of £19,876.80 ($24,017.40).

About Secure Trust Bank

(Get Rating)

Secure Trust Bank PLC provides banking and financial products and services in the United Kingdom. It operates through Real Estate Finance, Commercial Finance, Vehicle Finance, Retail Finance, and Debt Management segments. The Real Estate Finance segment provides loans for residential and commercial investment and development, as well as for mixed development projects.

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