Metro Bank (LON:MTRO) Sets New 12-Month High - Time to Buy?

Key Points

• New 52-week high: Metro Bank shares hit a 52-week high of GBX 152.80 (last GBX 152.40) on Wednesday with 467,882 shares traded, trading above its 50-day (GBX 125.93) and 200-day (GBX 121.58) moving averages and a market cap of £1.07 billion.
• Fundamentals show quarterly EPS of GBX 7.80, a P/E of 20.65, net margin of 8.10% and ROE of 5.16%, while sell-side analysts project an unusual forecast of 521.5384615 earnings per share for the current year.
• Insider buying: Company insiders bought 769,834 shares in the last three months (including Marc Page and Robert Sharpe) valued at about $87.9 million, and insiders now own 6.00% of the company.

Shares of Metro Bank Holdings PLC (LON:MTRO - Get Free Report) reached a new 52-week high on Wednesday . The company traded as high as GBX 152.80 and last traded at GBX 152.40, with a volume of 467882 shares trading hands. The stock had previously closed at GBX 149.80.

Metro Bank Price Performance

The firm has a market cap of £1.07 billion, a P/E ratio of 20.65 and a beta of 0.94. The stock's 50-day simple moving average is GBX 125.93 and its two-hundred day simple moving average is GBX 121.58.

Metro Bank (LON:MTRO - Get Free Report) last posted 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%. As a group, sell-side analysts expect that Metro Bank Holdings PLC will post 521.5384615 earnings per share for the current year.

Insider Activity at Metro Bank

In related news, insider Marc Page purchased 101,146 shares of the business's stock in a transaction dated Wednesday, March 4th. The shares were purchased at an average cost of GBX 115 per share, for a total transaction of £116,317.90. Also, insider Robert Sharpe purchased 17,599 shares of the business's stock in a transaction dated Thursday, March 19th. The stock was bought at an average price of GBX 111 per share, for a total transaction of £19,534.89. In the last three months, insiders have bought 769,834 shares of company stock valued at $87,900,471. Company insiders own 6.00% of the company's stock.

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. 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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