Secure Trust Bank (LON:STB) Stock Crosses Below 200-Day Moving Average – Here’s Why

Secure Trust Bank PLC (LON:STB) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 797.97 ($10.36) and traded as low as GBX 782 ($10.15). Secure Trust Bank shares last traded at GBX 782 ($10.15), with a volume of 12,060 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Berenberg Bank reissued a “buy” rating and set a GBX 1,420 ($18.44) price objective on shares of Secure Trust Bank in a research report on Wednesday, August 14th. Shore Capital restated a “house stock” rating on shares of Secure Trust Bank in a research report on Wednesday, October 16th.

Secure Trust Bank Stock Up 1.0 %

The firm has a market cap of £148.92 million, a PE ratio of 570.80, a P/E/G ratio of 0.11 and a beta of 0.87. The firm’s fifty day simple moving average is GBX 834.92 and its two-hundred day simple moving average is GBX 797.97.

Secure Trust Bank Cuts Dividend

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

Insiders Place Their Bets

In other Secure Trust Bank news, insider David McCreadie bought 5,930 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were bought at an average price of GBX 843 ($10.95) per share, with a total value of £49,989.90 ($64,905.09). In related news, insider Jim Brown acquired 12,600 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was acquired at an average price of GBX 860 ($11.17) per share, with a total value of £108,360 ($140,690.73). Also, insider David McCreadie acquired 5,930 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were purchased at an average price of GBX 843 ($10.95) per share, with a total value of £49,989.90 ($64,905.09). 14.85% of the stock is currently owned by company 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.