Metro Bank (LON:MTRO) Sets New 1-Year High - What's Next?

Key Points

• Shares hit a new 52-week high — Metro Bank rose to GBX 140.20 (up ~2.3%) on Monday with about 754,276 shares traded, and its 50- and 200-day moving averages are GBX 122.36 and GBX 119.06, respectively.
• Large insider buying — Insiders purchased 769,834 shares in the last 90 days (notably Marc Page and Jaime Gilinski Bacal), and insiders now own roughly 6% of the company, suggesting management confidence.
• Recent quarterly EPS was GBX 7.80 with a net margin of 8.1% and ROE of 5.16%; the stock has a market cap of £942.7m and a P/E of 18.18.

Shares of Metro Bank Holdings PLC (LON:MTRO - Get Free Report) reached a new 52-week high during trading on Monday . The company traded as high as GBX 140.20 and last traded at GBX 140.20, with a volume of 754276 shares changing hands. The stock had previously closed at GBX 136.81.

Metro Bank Stock Up 2.3%

The firm's 50-day moving average price is GBX 122.36 and its two-hundred day moving average price is GBX 119.06. The firm has a market capitalization of £942.71 million, a PE ratio of 18.18 and a beta of 0.94.

Metro Bank (LON:MTRO - Get Free Report) last issued its quarterly earnings results on Wednesday, March 4th. The company reported GBX 7.80 EPS for the quarter. Metro Bank had a net margin of 8.10% and a return on equity of 5.16%. Equities research analysts forecast that Metro Bank Holdings PLC will post 521.5384615 EPS for the current year.

Insiders Place Their Bets

In other Metro Bank news, insider Marc Page purchased 83,114 shares of the stock in a transaction dated Wednesday, March 4th. The shares were acquired at an average price of GBX 115 per share, for a total transaction of £95,581.10. Also, insider Jaime Gilinski Bacal acquired 534,703 shares of the firm's stock in a transaction on Thursday, March 5th. The shares were acquired at an average price of GBX 114 per share, with a total value of £609,561.42. In the last ninety days, insiders acquired 769,834 shares of company stock worth $87,900,471. 6.00% of the stock is currently owned by corporate insiders.

About Metro Bank

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. The company also provides business banking products and services comprising business bank, commercial and community current, foreign currency, and insolvency practitioner accounts; deposit accounts, such as business and community instant access deposit, business notice, client premium and flexible client term deposit, and business and community fixed term deposit accounts; insurance products; and business and commercial loans and overdrafts, asset and invoice financing, bounce back loans, business credit cards, and recovery loan schemes services.

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