Secure Trust Bank (LON:STB) Stock Passes Above 200-Day Moving Average – Here’s Why

Secure Trust Bank PLC (LON:STB)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 524.35 ($6.79) and traded as high as GBX 604 ($7.82). Secure Trust Bank shares last traded at GBX 596.29 ($7.72), with a volume of 104,993 shares.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reissued a “house stock” rating on shares of Secure Trust Bank in a research report on Thursday, March 13th.

Secure Trust Bank Stock Performance

The firm has a market capitalization of £113.56 million, a PE ratio of 4.41, a price-to-earnings-growth ratio of 0.11 and a beta of 0.87. The stock’s 50 day simple moving average is GBX 471.21 and its two-hundred day simple moving average is GBX 524.35.

Secure Trust Bank (LON:STB) last posted its quarterly earnings data 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%. Equities research analysts expect that Secure Trust Bank PLC will post 214.2857143 earnings per share for the current fiscal year.

Secure Trust Bank Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, April 24th will be issued a dividend of GBX 22.50 ($0.29) per share. The ex-dividend date is Thursday, April 24th. This is a boost from Secure Trust Bank’s previous dividend of $11.30. This represents a yield of 3.92%. Secure Trust Bank’s payout ratio is currently 20.71%.

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.