Secure Trust Bank (LON:STB) Price Target Cut to GBX 1,650

Secure Trust Bank (LON:STB) had its price target decreased by Peel Hunt from GBX 1,750 ($24.56) to GBX 1,650 ($23.16) in a research note released on Thursday, March 15th. Peel Hunt currently has a hold rating on the stock.

A number of other equities research analysts also recently issued reports on STB. Shore Capital reissued a buy rating on shares of Secure Trust Bank in a research note on Tuesday, March 13th. Canaccord Genuity reaffirmed a buy rating and set a GBX 2,650 ($37.20) target price on shares of Secure Trust Bank in a research note on Monday, January 15th. Finally, Macquarie reiterated a neutral rating and set a GBX 1,800 ($25.27) price target on shares of Secure Trust Bank in a report on Thursday, November 23rd. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has an average rating of Buy and a consensus price target of GBX 2,016.67 ($28.31).

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Shares of LON STB traded down GBX 5 ($0.07) during trading on Thursday, hitting GBX 1,935 ($27.16). The company had a trading volume of 1,267 shares, compared to its average volume of 4,657. Secure Trust Bank has a fifty-two week low of GBX 1,485.20 ($20.85) and a fifty-two week high of GBX 2,500 ($35.09).

Secure Trust Bank (LON:STB) last posted its quarterly earnings results on Thursday, March 22nd. The company reported GBX 116.40 ($1.63) earnings per share for the quarter, missing analysts’ consensus estimates of GBX 136.50 ($1.92) by GBX (20.10) (($0.28)). Secure Trust Bank had a return on equity of 9.40% and a net margin of 16.82%. The business had revenue of £129.50 million for the quarter.

The firm also recently declared a dividend, which will be paid on Friday, May 25th. Investors of record on Thursday, April 26th will be given a GBX 61 ($0.86) dividend. This is an increase from Secure Trust Bank’s previous dividend of $18.00. The ex-dividend date is Thursday, April 26th. This represents a yield of 3.56%.

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About Secure Trust Bank

Secure Trust Bank PLC provides retail banking products and services in the United Kingdom. It operates in six segments: Real Estate Finance, Asset Finance, Commercial Finance, Personal Lending, Motor Finance, and Retail Finance. 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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