Metro Bank (LON:MTRO) Reaches New 52-Week High – What’s Next?

Metro Bank Holdings PLC (LON:MTRO)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 138.80 and last traded at GBX 133.80, with a volume of 47035 shares trading hands. The stock had previously closed at GBX 134.60.

Metro Bank Stock Down 0.3%

The business’s 50 day moving average is GBX 118.18 and its 200 day moving average is GBX 119.56. The company has a market cap of £903.56 million, a P/E ratio of 8.55 and a beta of 2.33.

Metro Bank (LON:MTRO) last issued its quarterly earnings results on Tuesday, December 16th. The company reported GBX 4.50 earnings per share (EPS) for the quarter. Metro Bank had a negative return on equity of 2.18% and a negative net margin of 3.30%. As a group, equities research analysts forecast that Metro Bank Holdings PLC will post 521.5384615 EPS for the current year.

Insider Transactions at Metro Bank

In other news, insider Jaime Gilinski Bacal acquired 500,000 shares of the business’s stock in a transaction on Tuesday, December 23rd. The stock was bought at an average price of GBX 121 per share, with a total value of £605,000. Insiders own 55.43% of the company’s stock.

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.