Secure Trust Bank (STB)

Sector:

Banking

Index:

FTSE Small Cap

367.00p
   
  • Change Today:
    -17.00p
  • 52 Week High: 894.00p
  • 52 Week Low: 365.00p
  • Currency: UK Pounds
  • Shares Issued: 19.07m
  • Volume: 114,268
  • Market Cap: £69.99m
  • Beta: 0.06

Berenberg starts Funding Circle at 'buy', shares surge

By Michele Maatouk

Date: Monday 21 Mar 2022

LONDON (ShareCast) - (Sharecast News) - Funding Circle surged on Monday after Berenberg initiated coverage of the stock at 'buy' as it took a look at specialist lenders.
The bank, which set a price target of 120p on Funding Circle, noted that the company has developed a highly automated lending platform with about £4.5bn of loans under management.

"The first few years as a public company have not been easy for Funding Circle - its valuation has fallen by circa 80% since its IPO in 2018. However, we view this pessimism as somewhat misplaced. The company has already addressed a number of the issues with its business model and, from the start of this year, has had a new CEO at the helm."

Berenberg said there are growth opportunities for Funding Circle both in its existing market and with the launch of new products.

In the same note, the bank started coverage of Secure Trust Bank at 'buy' with a 1,820p price target and S&U at 'hold' with a 2,660p target.

As far as Secure Trust Bank is concerned, Berenberg said that under a new CEO, appointed in 2021, it has strong growth prospects and is currently undervalued

Meanwhile, it said S&U has a long track record of growth and profitability. "The business has also been tested through the credit cycle, having operated through both the global financial crisis and the Covid-19 pandemic," it added.

At 1130 GMT, Funding Circle shares were up 18% at 72.90p, Secure Trust was 4.9% higher at 1,290p and S&U was up 1.7% at 2,440p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

STB Market Data

Currency UK Pounds
Share Price 367.00p
Change Today -17.00p
% Change -4.43 %
52 Week High 894.00p
52 Week Low 365.00p
Volume 114,268
Shares Issued 19.07m
Market Cap £69.99m
Beta 0.06

STB Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
100.00% above the market average100.00% above the market average100.00% above the market average100.00% above the market average100.00% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Price Trend
78.92% below the market average78.92% below the market average78.92% below the market average78.92% below the market average78.92% below the market average
86.67% below the sector average86.67% below the sector average86.67% below the sector average86.67% below the sector average86.67% below the sector average
Income
99.73% above the market average99.73% above the market average99.73% above the market average99.73% above the market average99.73% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
13.53% above the market average13.53% above the market average13.53% above the market average13.53% above the market average13.53% above the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 2
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

STB Dividends

  Latest Previous
  Interim Final
Ex-Div 29-Aug-24 25-Apr-24
Paid 26-Sep-24 23-May-24
Amount 11.30p 16.20p

Trades for 21-Nov-2024

Time Volume / Share Price
16:35 5,453 @ 367.00p
16:35 1 @ 367.00p
16:35 199 @ 367.00p
16:35 244 @ 367.00p
16:35 104 @ 367.00p

STB Key Personnel

CEO David McCreadie

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