Secure Trust Bank (LON:STB) Trading 14.5% Higher – Here’s What Happened

Shares of Secure Trust Bank PLC (LON:STB) were up 14.5% on Thursday . The company traded as high as GBX 490 ($6.34) and last traded at GBX 481 ($6.22). Approximately 162,424 shares were traded during mid-day trading, an increase of 20% from the average daily volume of 135,774 shares. The stock had previously closed at GBX 420 ($5.43).

Analysts Set New Price Targets

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

Secure Trust Bank Stock Performance

The stock has a market cap of £110.08 million, a P/E ratio of 4.28, a P/E/G ratio of 0.11 and a beta of 0.87. The stock’s fifty day moving average is GBX 424.96 and its 200 day moving average is GBX 544.28.

Secure Trust Bank (LON:STB) last issued its quarterly earnings data on Thursday, March 13th. The company reported GBX 103.40 ($1.34) earnings per share (EPS) for the quarter. Secure Trust Bank had a return on equity of 7.43% and a net margin of 7.20%. Equities research analysts predict that Secure Trust Bank PLC will post 214.2857143 EPS for the current year.

Secure Trust Bank Company Profile

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.