Secure Trust Bank (LON:STB) Share Price Crosses Below 200-Day Moving Average of $673.45

Posted by ABMN Staff on May 7th, 2024

Secure Trust Bank PLC (LON:STB – Get Free Report)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 673.45 ($8.46) and traded as low as GBX 670 ($8.42). Secure Trust Bank shares last traded at GBX 670 ($8.42), with a volume of 34,082 shares trading hands.

Analysts Set New Price Targets

Separately, Shore Capital restated a “house stock” rating on shares of Secure Trust Bank in a report on Thursday, March 21st.

Read Our Latest Stock Analysis on Secure Trust Bank

Secure Trust Bank Stock Up 0.7 %

The company’s fifty day moving average is GBX 685.36 and its two-hundred day moving average is GBX 673.45. The stock has a market cap of £131.51 million, a price-to-earnings ratio of 489.05, a PEG ratio of 0.11 and a beta of 0.77.

Secure Trust Bank Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Thursday, April 25th will be given a GBX 16.20 ($0.20) dividend. The ex-dividend date is Thursday, April 25th. This is an increase from Secure Trust Bank’s previous dividend of $16.00. This represents a dividend yield of 2.46%. Secure Trust Bank’s dividend payout ratio is currently 2,335.77%.

Insider Transactions at Secure Trust Bank

In related news, insider Rachel Lawrence sold 5,848 shares of the stock in a transaction on Thursday, April 25th. The stock was sold at an average price of GBX 695 ($8.73), for a total value of £40,643.60 ($51,059.80). Corporate insiders own 14.53% of the company’s stock.

About Secure Trust Bank

(Get Free Report)

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.