Insider Share Purchase at Secure Trust Bank Signals Confidence

Story Highlights
Insider Share Purchase at Secure Trust Bank Signals Confidence

Secure Trust Bank ( (GB:STB) ) has issued an update.

Secure Trust Bank PLC announced that Kiripaka Capital Limited, closely associated with Jim Brown, Chair of the bank, purchased 17,182 ordinary shares at £5.98 each. This transaction, conducted on the London Stock Exchange, highlights insider confidence in the bank’s performance and may positively influence stakeholder perceptions.

More about Secure Trust Bank

Secure Trust Bank PLC is a well-established UK retail bank with over 70 years of trading history, operating primarily from its head office in Solihull, West Midlands. The bank employs 904 full-time equivalent staff as of December 2024 and focuses on business finance through its Real Estate Finance and Commercial Finance divisions, as well as consumer finance through its Vehicle Finance and Retail Finance divisions. It is authorised and regulated by the Prudential Regulation Authority and the Financial Conduct Authority.

YTD Price Performance: 60.22%

Average Trading Volume: 134,882

Technical Sentiment Signal: Buy

Current Market Cap: £109.4M

For an in-depth examination of STB stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App