Numis Securities Reiterates “Under Review” Rating for Secure Trust Bank (LON:STB)

Secure Trust Bank (LON:STB)‘s stock had its “under review” rating restated by investment analysts at Numis Securities in a research report issued to clients and investors on Thursday, March 22nd.

STB has been the subject of a number of other reports. Shore Capital reaffirmed a “buy” rating on shares of Secure Trust Bank in a report on Thursday, March 22nd. Canaccord Genuity reaffirmed a “buy” rating and set a GBX 2,650 ($37.94) price target on shares of Secure Trust Bank in a report on Tuesday, January 2nd. Peel Hunt lowered their target price on Secure Trust Bank from GBX 1,650 ($23.63) to GBX 1,600 ($22.91) and set a “hold” rating for the company in a research note on Thursday, March 22nd. Finally, Macquarie reissued a “neutral” rating and issued a GBX 1,800 ($25.77) target price on shares of Secure Trust Bank in a research note on Thursday, November 23rd. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of GBX 1,980.75 ($28.36).

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LON:STB traded up GBX 27.50 ($0.39) during mid-day trading on Thursday, hitting GBX 1,900 ($27.21). 4,196 shares of the company’s stock traded hands, compared to its average volume of 4,657. Secure Trust Bank has a 12 month low of GBX 1,485.20 ($21.27) and a 12 month high of GBX 2,500 ($35.80).

Secure Trust Bank (LON:STB) last announced its quarterly earnings data on Thursday, March 22nd. The company reported GBX 116.40 ($1.67) EPS for the quarter, missing the Zacks’ consensus estimate of GBX 136.50 ($1.95) by GBX (20.10) (($0.29)). Secure Trust Bank had a return on equity of 9.40% and a net margin of 16.82%. The firm had revenue of £129.50 million during the quarter.

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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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