Metro Bank (LON:MTRO) Hits New 12-Month High – Here’s Why

Metro Bank Holdings PLC (LON:MTRO) shares hit a new 52-week high on Monday . The stock traded as high as GBX 151.80 and last traded at GBX 144.60, with a volume of 166205 shares. The stock had previously closed at GBX 145.20.

Metro Bank Stock Up 0.4%

The stock has a market cap of £977.73 million, a price-to-earnings ratio of 18.86 and a beta of 0.94. The stock has a fifty day moving average of GBX 123.74 and a two-hundred day moving average of GBX 120.16.

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

Insider Transactions at Metro Bank

In other news, insider Jaime Gilinski Bacal bought 534,703 shares of Metro Bank stock in a transaction that occurred on Thursday, March 5th. The shares were purchased at an average price of GBX 114 per share, for a total transaction of £609,561.42. Also, insider Paul Coby bought 17,350 shares of Metro Bank stock in a transaction that occurred on Tuesday, March 24th. The stock was purchased at an average price of GBX 114 per share, for a total transaction of £19,779. Insiders have bought a total of 769,834 shares of company stock worth $87,900,471 over the last ninety days. 6.00% of the stock is owned by insiders.

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.