Metro Bank (LON:MTRO) Hits New 1-Year High – Here’s Why

Metro Bank Holdings PLC (LON:MTROGet Free Report)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 168.20 and last traded at GBX 167.32, with a volume of 388396 shares. The stock had previously closed at GBX 156.80.

Metro Bank Stock Up 4.6%

The firm’s fifty day moving average price is GBX 136.51 and its 200 day moving average price is GBX 125.81. The stock has a market cap of £1.10 billion, a PE ratio of 21.30 and a beta of 1.05.

Metro Bank (LON:MTROGet Free Report) last released its 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, analysts anticipate that Metro Bank Holdings PLC will post 521.5384615 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Paul Coby purchased 17,350 shares of the business’s stock in a transaction dated Tuesday, March 24th. The shares were purchased at an average cost of GBX 114 per share, for a total transaction of £19,779. Also, insider Robert Sharpe purchased 17,599 shares of the business’s stock in a transaction dated Thursday, March 19th. The shares were purchased at an average price of GBX 111 per share, for a total transaction of £19,534.89. Over the last quarter, insiders purchased 769,834 shares of company stock worth $87,900,471. Insiders own 2.43% of the company’s stock.

About Metro Bank

(Get Free Report)

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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