Secure Trust Bank (LON:STB) Stock Rating Reaffirmed by Peel Hunt

Peel Hunt reaffirmed their reduce rating on shares of Secure Trust Bank (LON:STB) in a research report sent to investors on Wednesday morning, ThisIsMoney.Co.Uk reports.

A number of other equities research analysts have also weighed in on the stock. Royal Bank of Canada reissued an underperform rating and set a GBX 1,300 ($16.99) target price on shares of Secure Trust Bank in a report on Thursday, June 20th. Shore Capital reissued a buy rating on shares of Secure Trust Bank in a report on Friday, August 9th.

STB opened at GBX 1,330 ($17.38) on Wednesday. Secure Trust Bank has a fifty-two week low of GBX 1,130 ($14.77) and a fifty-two week high of GBX 1,780 ($23.26). The firm has a market capitalization of $245.74 million and a price-to-earnings ratio of 8.81. The company’s 50 day moving average price is GBX 1,373.85 and its two-hundred day moving average price is GBX 1,410.96.

The company also recently disclosed a dividend, which will be paid on Friday, September 27th. Stockholders of record on Thursday, August 29th will be paid a GBX 20 ($0.26) dividend. This represents a dividend yield of 1.52%. The ex-dividend date is Thursday, August 29th. Secure Trust Bank’s dividend payout ratio is currently 0.55%.

In other news, insider Michael Bruce Forsyth acquired 500 shares of Secure Trust Bank stock in a transaction dated Thursday, August 8th. The shares were bought at an average cost of GBX 1,347 ($17.60) per share, with a total value of £6,735 ($8,800.47).

About Secure Trust Bank

Secure Trust Bank PLC provides retail banking products and services in the United Kingdom. It operates in seven segments: Real Estate Finance, Asset Finance, Commercial Finance, Personal Lending, Motor Finance, Retail Finance, and Consumer Mortgages. The Real Estate Finance segment provides finance for commercial and residential real estate developments and investments, as well as for mixed development projects.

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