Secure Trust Bank (LON:STB) Shares Up 14.5% – Should You Buy?

Secure Trust Bank PLC (LON:STB)’s share price was up 14.5% on Thursday . The stock traded as high as GBX 490 ($6.34) and last traded at GBX 481 ($6.22). Approximately 162,424 shares changed hands 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).

Analyst Ratings Changes

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

Secure Trust Bank Trading Up 5.9 %

The company has a 50 day simple moving average of GBX 424.96 and a two-hundred day simple moving average of GBX 544.28. The firm has a market capitalization 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.

Secure Trust Bank (LON:STB) last posted its earnings results on Thursday, March 13th. The company reported GBX 103.40 ($1.34) earnings per share for the quarter. Secure Trust Bank had a net margin of 7.20% and a return on equity of 7.43%. On average, sell-side analysts expect that Secure Trust Bank PLC will post 214.2857143 EPS 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, 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.