Shore Capital Reaffirms House Stock Rating for Secure Trust Bank (LON:STB)

Secure Trust Bank (LON:STB)‘s stock had its “house stock” rating reissued by Shore Capital in a report released on Thursday,Digital Look reports.

Secure Trust Bank Price Performance

STB stock opened at GBX 578 ($7.48) on Thursday. The business has a fifty day moving average price of GBX 424.96 and a 200 day moving average price of GBX 544.28. Secure Trust Bank has a fifty-two week low of GBX 331 ($4.28) and a fifty-two week high of GBX 950 ($12.29). The stock has a market capitalization of £110.08 million, a price-to-earnings ratio of 4.28, a P/E/G ratio of 0.11 and a beta of 0.87.

Secure Trust Bank (LON:STB) last released its quarterly 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 return on equity of 7.43% and a net margin of 7.20%. On average, equities analysts expect that Secure Trust Bank will post 214.2857143 earnings per share 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.