Secure Trust Bank (LON:STB) Share Price Passes Below 200-Day Moving Average – Here’s What Happened

Secure Trust Bank PLC (LON:STB) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 634.65 ($7.90) and traded as low as GBX 426 ($5.30). Secure Trust Bank shares last traded at GBX 444 ($5.52), with a volume of 50,810 shares traded.

Analysts Set New Price Targets

Separately, Shore Capital restated a “house stock” rating on shares of Secure Trust Bank in a research report on Wednesday, October 16th.

Secure Trust Bank Price Performance

The business has a 50 day moving average price of GBX 367.01 and a two-hundred day moving average price of GBX 634.65. The stock has a market cap of £83.69 million, a P/E ratio of 324.09, a price-to-earnings-growth ratio of 0.11 and a beta of 0.87.

Insider Buying and Selling

In related news, insider Rachel Lawrence purchased 4,094 shares of Secure Trust Bank stock in a transaction on Friday, November 1st. The shares were bought at an average cost of GBX 486 ($6.05) per share, for a total transaction of £19,896.84 ($24,756.55). 14.85% of the stock is owned by insiders.

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, and has 920 employees (full‐time equivalent) as at August 2024. The Group’s diversified lending portfolio currently focuses on two sectors:

(i) Business finance through its Real Estate Finance and Commercial Finance divisions, and
(ii) Consumer finance through its Vehicle Finance and Retail Finance divisions.