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

Metro Bank Holdings PLC (LON:MTRO)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as GBX 140 and last traded at GBX 135, with a volume of 247220 shares changing hands. The stock had previously closed at GBX 135.20.

Metro Bank Trading Down 0.1%

The stock’s fifty day moving average price is GBX 121.91 and its two-hundred day moving average price is GBX 119.76. The stock has a market capitalization of £908.95 million, a P/E ratio of 8.60 and a beta of 2.33.

Metro Bank (LON:MTRO) last announced its quarterly earnings results on Tuesday, December 16th. The company reported GBX 4.50 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, analysts expect that Metro Bank Holdings PLC will post 521.5384615 earnings per share for the current fiscal year.

Insider Buying and Selling at Metro Bank

In other news, insider Jaime Gilinski Bacal acquired 500,000 shares of the firm’s stock in a transaction dated Tuesday, December 23rd. The shares were purchased at an average cost of GBX 121 per share, for a total transaction of £605,000. 2.44% of the stock is owned by corporate 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.