Metro Bank (LON:MTRO) Hits New 1-Year High – Time to Buy?

Metro Bank Holdings PLC (LON:MTRO)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 152.80 and last traded at GBX 152.40, with a volume of 467882 shares traded. The stock had previously closed at GBX 149.80.

Metro Bank Price Performance

The company has a market cap of £1.04 billion, a P/E ratio of 20.00 and a beta of 0.94. The company has a 50 day moving average of GBX 127.09 and a 200-day moving average of GBX 122.19.

Metro Bank (LON:MTRO) last posted its quarterly earnings data on Wednesday, March 4th. The company reported GBX 7.80 earnings per share for the quarter. Metro Bank had a net margin of 8.10% and a return on equity of 5.16%. Research analysts anticipate that Metro Bank Holdings PLC will post 521.5384615 EPS for the current year.

Insider Transactions at Metro Bank

In other Metro Bank news, insider Robert Sharpe bought 17,599 shares of Metro Bank stock in a transaction that occurred on Thursday, March 19th. The shares were bought at an average price of GBX 111 per share, with a total value of £19,534.89. Also, insider Paul Coby acquired 17,350 shares of Metro Bank stock in a transaction dated Tuesday, March 24th. The shares were bought at an average cost of GBX 114 per share, for a total transaction of £19,779. Insiders have bought a total of 769,834 shares of company stock valued at $87,900,471 over the last quarter. 2.43% of the stock is owned by company 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.