Metro Bank (LON:MTRO) Share Price Passes Below 50 Day Moving Average - What's Next?

Key Points

• Metro Bank shares crossed below their 50-day moving average (50‑day: GBX 123.10), trading as low as GBX 118 and last at GBX 122.60, leaving the stock close to its 200‑day MA (GBX 118.93).
• Corporate insiders have been heavy buyers — acquiring 769,834 shares worth about $87.9M over the past 90 days (notably Robert Sharpe and Marc Page) and now own 55.51% of the stock.
• Fundamentals show a market cap of £825.46M and a P/E of 7.81; the company reported quarterly EPS of GBX 7.80 with a net margin of 8.1% and ROE of 5.16%.

Metro Bank Holdings PLC (LON:MTRO - Get Free Report) shares crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 123.10 and traded as low as GBX 118. Metro Bank shares last traded at GBX 122.60, with a volume of 1,386,684 shares trading hands.

Metro Bank Price Performance

The stock's 50 day simple moving average is GBX 123.10 and its two-hundred day simple moving average is GBX 118.93. The company has a market capitalization of £825.46 million, a P/E ratio of 7.81 and a beta of 0.99.

Metro Bank (LON:MTRO - Get Free Report) last released 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, equities research analysts expect that Metro Bank Holdings PLC will post 521.5384615 earnings per share for the current year.

Insider Transactions at Metro Bank

In other news, insider Robert Sharpe bought 17,599 shares of the company'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. Also, 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. Insiders have bought a total of 769,834 shares of company stock valued at $87,900,471 over the last 90 days. 55.51% of the stock is currently owned by corporate insiders.

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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