Metro Bank (LON:MTRO) Announces Quarterly Earnings Results

Key Points

• Metro Bank reported a loss of GBX 4.50 ($0.06) earnings per share for the quarter, alongside a negative net margin of 3.30% and a negative return on equity of 2.18%.
• The stock price of Metro Bank fell by 3.1%, with shares opening at GBX 106.60 ($1.43) following the earnings announcement.
• Analysts at the Royal Bank of Canada raised their target price for Metro Bank from GBX 100 ($1.34) to GBX 150 ($2.02), maintaining a "sector perform" rating.

Metro Bank (LON:MTRO - Get Free Report) announced its earnings results on Wednesday. The company reported GBX 4.50 ($0.06) EPS for the quarter, Digital Look Earnings reports. Metro Bank had a negative net margin of 3.30% and a negative return on equity of 2.18%.

Metro Bank Stock Up 0.2%

Shares of MTRO stock traded up GBX 0.20 ($0.00) during trading hours on Tuesday, hitting GBX 109.20 ($1.47). 2,857,959 shares of the company were exchanged, compared to its average volume of 1,992,508. The firm has a market cap of £746.65 million, a PE ratio of -30.53 and a beta of 2.33. Metro Bank has a 1 year low of GBX 52 ($0.70) and a 1 year high of GBX 138.80 ($1.86). The firm has a fifty day moving average of GBX 124.94 and a 200 day moving average of GBX 107.69.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada lifted their target price on shares of Metro Bank from GBX 100 ($1.34) to GBX 150 ($2.01) and gave the company a "sector perform" rating in a report on Tuesday, July 8th.

Metro Bank Company Profile

Metro Bank Holdings PLC operates as the bank holding company for Metro Bank PLC that provides various banking products and services in the United Kingdom. It offers personal banking products and services, including current, cash, and foreign currency accounts; savings; residential and buy-to-let mortgages; overdrafts; credit cards; pet insurance; and safe deposit box services.