Shares of Secure Trust Bank PLC (LON:STB – Get Free Report) fell 16.1% on Monday . The stock traded as low as GBX 632.38 ($8.21) and last traded at GBX 656 ($8.52). 120,501 shares were traded during trading, an increase of 191% from the average session volume of 41,375 shares. The stock had previously closed at GBX 782 ($10.15).
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on STB shares. Berenberg Bank reiterated a “buy” rating and set a GBX 1,420 ($18.44) price objective on shares of Secure Trust Bank in a research note on Wednesday, August 14th. Shore Capital reaffirmed a “house stock” rating on shares of Secure Trust Bank in a research report on Wednesday, October 16th.
Get Our Latest Stock Analysis on Secure Trust Bank
Secure Trust Bank Price Performance
Secure Trust Bank Cuts Dividend
The business 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 dividend yield of 1.32%. The ex-dividend date of this dividend was Thursday, August 29th. Secure Trust Bank’s payout ratio is 2,043.80%.
Insider Activity at Secure Trust Bank
In other news, insider Jim Brown purchased 12,600 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were acquired at an average price of GBX 860 ($11.17) per share, for a total transaction of £108,360 ($140,690.73). In other Secure Trust Bank news, insider Jim Brown purchased 12,600 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The shares were purchased at an average cost 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 firm’s stock in a transaction on Thursday, August 15th. The shares were acquired 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 corporate 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.
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