Secure Trust Bank (LON:STB) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Secure Trust Bank PLC (LON:STB) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,405.47 and traded as high as GBX 1,532. Secure Trust Bank shares last traded at GBX 1,518, with a volume of 39,898 shares trading hands.

Analysts Set New Price Targets

Separately, Shore Capital Group reaffirmed a “house stock” rating and set a GBX 2,300 price target (up from GBX 2,200) on shares of Secure Trust Bank in a research report on Thursday, August 13th.

Secure Trust Bank Price Performance

The firm has a market cap of £286.89 million, a price-to-earnings ratio of 17.51, a P/E/G ratio of 0.11 and a beta of 0.96. The firm has a fifty day simple moving average of GBX 1,538.44 and a two-hundred day simple moving average of GBX 1,405.33.

Secure Trust Bank (LON:STB) last announced its quarterly earnings data on Thursday, August 13th. The company reported GBX 126.40 EPS for the quarter. Secure Trust Bank had a net margin of 7.80% and a return on equity of 6.44%. Equities analysts anticipate that Secure Trust Bank PLC will post 214.2857143 earnings per share for the current fiscal year.

About Secure Trust Bank

Secure Trust Bank is an established, well?funded and capitalised UK retail bank with over 70?years of trading history. Secure Trust Bank operates principally from its head office in Solihull, West Midlands.

The Group’s diversified lending portfolio currently focuses on two sectors:

• Business finance through its Real Estate Finance and Commercial Finance divisions, and
• Consumer finance through its Vehicle Finance and Retail Finance divisions.

Secure Trust Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

Secure Trust Bank PLC, Yorke House, Arleston Way, Solihull, B90 4LH.