| Period | Completed events | Price coverage | Hit rate | Median excess return | Average excess return | Worst excess return |
|---|---|---|---|---|---|---|
| 5D | 3Small sample | 100.0% (3/3) | 66.7% (2/3) | +0.1% | -0.6% | -5.2% |
| 20D | 3Small sample | 100.0% (3/3) | 66.7% (2/3) | +3.8% | +2.1% | -2.1% |
| 60D | 2Small sample | 100.0% (2/2) | 50.0% (1/2) | +16.4% | +16.4% | -7.2% |
| 120D | 2Small sample | 100.0% (2/2) | 100.0% (2/2) | +34.3% | +34.3% | +32.4% |
COMPANY RESEARCH
Metro Bank Holdings plc
MTRO.L · United Kingdom · Financial Services · Banks—Regional
INSIDER SIGNAL
2 insiders · 2 purchase events · €11k net purchases
Europe #672 · United Kingdom #173
WHY THIS SIGNAL?
Score anatomy
Each bar shows the contribution to the current score; the weights and formula stay unchanged.
How many distinct insiders bought in the cluster
Purchase value relative to company size and liquidity
The seniority and relevance of participating insiders
How recently the purchases occurred
How clearly buying stands out from other activity
What is holding the score back?
- ⚠ Buyer breadth is moderate · fewer than 4 distinct filers
- ⚠ Purchase activity is becoming less recent
- ✓ Strong insider role · cfo involved
The role contribution uses the inverted role input of the current European model.
Buying concentration
Largest buyer:Spaldy Investments Limited, wholly owned company of Jaime Gilinski Bacal · 9k GBP
Gross qualified purchase transaction-line value:9k GBP
The headline € total is net buying for the screen; this module uses gross qualified purchase transaction-line values in the filing currency, so the amounts can differ. The current 15-day buyer-breadth input counts distinct buyers; value concentration is disclosed separately here.
This is a ranking under the current European screening rules—not a probability of gain, return forecast, or buy recommendation.
Key purchase quotes (filing currency)
| Filer | Price per unit | Trade date |
|---|---|---|
| Marc Page | 0.018314–0.018334 GBP | Sep 15, 2026 |
| Spaldy Investments Limited, wholly owned company of Jaime Gilinski Bacal | 0.0172 GBP | Sep 3, 2026 |
Model details
Cluster breakdown (does not change the score)
- 15-day buyer breadth (count)
- 2 distinct reported filers
- Peak time window
- 2026-09-03 to 2026-09-15
- Current breadth input
- 0.600 (capped at 4+ buyers)
- Buyer independence
- Not yet measured; related-party fields are not cross-market comparable
What the filings show
- 🟢 Recent eligible purchase
Marc Page · 500 GBP · Price 0.018314–0.018334 GBP · Sep 15, 2026 - 🟢 PDMR purchase
Spaldy Investments Limited, wholly owned company of Jaime Gilinski Bacal · 9k GBP · Price 0.0172 GBP · Sep 3, 2026
Insider vs stock price
2 purchase day(s), 3 purchase line(s) in the 180-day window.
Markers sit on the closing price of the transaction day. They show when insiders traded, not the price they paid or received. "Since" compares that day's close with the last close shown; it is what happened at this company, not a forecast.
If you had followed the purchase
Each row starts on the first close on or after the day a purchase was made public, the earliest a reader could have acted, and ends on the last close shown above.
| Made public | Insiders | In this stock, now | In the median peer stock, now | Difference |
|---|---|---|---|---|
| 2026-09-03 | 1 | 875 −12.5% | 991 −0.9% | −117 −11.7 pts |
| 2026-09-15 | 1 | 875 −12.5% | 1,000 +0.0% | −125 −12.5 pts |
0 of 2 disclosure day(s) ended ahead of the median peer stock.
Close to close, before costs, taxes, dividends and currency moves. The peer is the median of the other stocks on the same exchange for which this site holds prices (190 here), not an index. This is what happened, not a forecast: across all purchases on this site the typical gap is close to zero.
Insider timeline
2 insiders bought within 13 days, 3 Sep to 15 Sep: 1 Associated person, 1 CFO. The share closed at 177.20 on the first of those days and at 155.00 most recently (−12.5%). That week 188 companies across Europe disclosed insider purchases, an ordinary week (11 of the last 26).
Tap an item for what it means.
●A purchase: the bigger the dot, the more was bought
Each dot is one insider's purchases on one day. The dot's area follows the amount: the largest purchase here gets the largest dot. Hold the pointer over a dot to see the date and the amount.
▮Purple band: several insiders bought within 15 days
The band marks the stretch with the most different buyers: at most 15 days long and at least two people. Here it is 3 Sep – 15 Sep, with 2 insiders. Only the strongest stretch is marked. Several people deciding the same thing is harder to explain by one person's private reasons, but insiders often buy together just after a closed period ends, so compare it with the grey weekly bars.
Blue line: this share's price, +7.2% over these six months
The closing price of each day, from 144.60 on 2026-04-21 to 155.00 on 2026-10-09. The line has no scale; read it for high and low: a dot on a low stretch was bought cheaply, a dot on a high stretch was not.
Dashed line: the typical stock on the same exchange, +2.5%
Taken from the 491 other stocks on the same exchange that this site holds prices for. Each is measured from the first day of the window, and every day the middle one is drawn. It starts where the blue line starts, so the gap between the two is the difference: this share +7.2%, the typical one +2.5%, 4.7 points ahead. It is not an index and not a comparison within one industry.
▂Grey bars: companies across Europe disclosing purchases each week
A taller bar is a week in which more companies disclosed insider purchases. The purple bar is the week of the band above: 188 companies, number 11 of the last 26 weeks. If that week was a peak anyway, buying together is less special than it looks.
This company: insiders buying per month, last 12 months
Darker bars are inside the 180-day window above.
Who traded
| Insider | Role | Purchases | Sales | Bought | First purchase | Share price since | Earlier purchases |
|---|---|---|---|---|---|---|---|
| Marc Page | CFO | 1 | — | 500 GBP | 2026-09-15 | −12.5% | fewer than 5 completed |
| Spaldy Investments Limited, wholly owned company of Jaime Gilinski Bacal | Associated person | 1 | — | 8.6k GBP | 2026-09-03 | −12.5% | fewer than 5 completed |
Why this score? · Model details
Priority = 100 × Σ(fixed weight × 0–1 rule-based input)
| Factor | Weight | This company input | Point contribution |
|---|---|---|---|
| 15-day buyer breadth (count) | 35% | 0.600 | 21.0 |
| Qualified-buy size | 25% | 0.602 | 15.0 |
| Role informativeness (inverted) | 20% | 0.100 | 2.0 |
| Recency | 10% | 0.109 | 1.1 |
| Buy/sell conviction | 10% | 1.000 | 10.0 |
This is a heuristic ordering under the current rules, not a calibrated return forecast. It explains why candidates rank differently; the public-filing evidence and data limits are shown below.
BULL VS BEAR
Two readings of this buying
The same filings, read two ways. Each line is a fact stored for this company with the number behind it, and appears only when that number crosses a fixed threshold. Neither side is a forecast and no winner is declared.
Since 2026-10-13, neither column has changed. All bull and bear lists, and what followed each line in the past →
Where the evidence comes from
Independent evidence does not object: the purchases themselves carry bull lines (senior executive buying); share price and trading, short sellers, company actions were checked and none crosses a bear threshold. No data is held for: company results.
- The insider purchases themselvesBullsenior executive buying Bearvalue concentrated in one buyer, small purchases, usual level for this company4 checked, under the threshold · 3 missing
- Share price and trading2 checked, under the threshold
- Short sellers1 checked, under the threshold
- Company results2 missing
- Company actions1 checked, under the threshold
Bull case · the buying is informative
- The buyers include the CFO, who sees more of the business than most filers. This site's score gives little or no credit for that: in its backtests purchases by senior executives did no better than other insiders' purchases.Record: after 8,797 earlier disclosures like this, the median 60-session excess return was −3.1%, within 1 percentage point of all comparable disclosures (−3.2%).
Bear case · discount it
- Spaldy Investments Limited, wholly owned company of Jaime Gilinski Bacal accounts for 95% of the value bought. The other 1 buyer adds names more than money.Record: after 3,396 earlier disclosures like this, the median 60-session excess return was −3.4%, within 1 percentage point of all comparable disclosures (−3.5%).
- All purchases in the window total €11k: a small commitment in absolute terms.
- Buying at this level is normal here: 8 insiders bought in the previous 180 days and 2 in this one.Record: after 2,869 earlier disclosures like this, the median 60-session excess return was −2.6%, within 1 percentage point of all comparable disclosures (−2.7%).
Evidence still missing
- No buyer here has 5 or more completed earlier purchases on record, so there is no track record to weigh.
- The company's market value is not captured, so the purchases cannot be stated as a share of the business or of its trading volume.
- No earnings, margin or cash-flow figures are captured for this company. The latest annual and interim reports are where to check whether the business is improving or deteriorating.
- European notifications have no field saying whether a purchase was pre-arranged; there is no counterpart to the US 10b5-1 box. None of the 3 purchase lines mentions a plan, but a bare “Purchase of ordinary shares” does not rule one out.
- The filings give the size of each trade, not what the buyer already held. Whether a purchase added 1% to a personal stake or doubled it is not known.
Checked and under the threshold: 8, 1 close to it
- BullAt most 2 insiders bought within any 15 days. Counted for the bull side from 3. close to the threshold
- Bear0 of 2 buyers filed as a person closely associated with a manager. Counted for the bear side from half.
- BearNo insider sale is recorded in the same 180 days.
- EitherThe latest purchase is 32 days old. Bull up to 14 days, bear from 90.
- BearThe share price changed +11% over six months (three months −8.0%, one month −14%) and stands 17% below its 52-week high. Counted for the bear side from a fall of 20%.
- BearOver three months the share price changed −8.0% and the median of 268 Financial Services companies changed −0.35%: behind by 8 points. Counted for the bear side from 20 points behind.
- BearPublished net short positions total 0.94% of the share capital. Counted for the bear side from 2%. On 2026-10-02 it was 1.01%: down 0.07 points since.
- BullThe company announced no transaction in its own shares in the last 30 days.
Both columns arrange stored facts only. They do not change the insider score or the ranking and are not investment advice.
Signal history
Latest recorded score
- Recorded snapshots
- 35
- First snapshot
- 2026-08-26
Only scores captured when the scoring run completed are compared. These are raw signal scores saved when each full scoring run completed. They describe changes in research ranking, not price performance or returns.
Why did it change?
Decomposition across the five score factors between comparable snapshots; historical scores are not recalculated.
- Purchase size+0.1 pts
- Role-2.0 pts
- Recency-3.6 pts
Signal score history
Fixed 0–100 scale; dates are spaced by calendar time.
Recent recorded points
- 60.0
- 53.6
- 52.1
- 50.2
- 49.1
View all recorded scores
| Snapshot date | Signal score |
|---|---|
| 2026-08-26 | 60.0 |
| 2026-08-27 | 60.0 |
| 2026-08-28 | 60.0 |
| 2026-08-31 | 60.0 |
| 2026-09-01 | 60.0 |
| 2026-09-02 | 45.5 |
| 2026-09-03 | 56.0 |
| 2026-09-04 | 55.3 |
| 2026-09-07 | 53.6 |
| 2026-09-08 | 53.1 |
| 2026-09-09 | 52.6 |
| 2026-09-10 | 52.2 |
| 2026-09-11 | 51.7 |
| 2026-09-14 | 50.7 |
| 2026-09-23 | 53.8 |
| 2026-09-24 | 53.4 |
| 2026-09-25 | 53.0 |
| 2026-09-28 | 52.1 |
| 2026-09-29 | 51.8 |
| 2026-09-30 | 51.6 |
| 2026-10-01 | 51.3 |
| 2026-10-02 | 51.1 |
| 2026-10-03 | 51.1 |
| 2026-10-04 | 51.1 |
| 2026-10-05 | 50.5 |
| 2026-10-06 | 50.4 |
| 2026-10-07 | 50.2 |
| 2026-10-08 | 50.1 |
| 2026-10-09 | 49.9 |
| 2026-10-12 | 49.6 |
| 2026-10-13 | 49.5 |
| 2026-10-14 | 49.4 |
| 2026-10-15 | 49.3 |
| 2026-10-16 | 49.2 |
| 2026-10-18 | 49.1 |
Sector context
- Buying breadth
- 8.4% (55 / 655 issuers)
- Sector rank
- #6 / 12
- 7D breadth change
- +0.3 pp · vs 2026-10-12 (6d)
- 30D breadth change
- History building
This is sector-level research context. It does not affect the Insider Signal or ranking.
Insider profile outcomes
Historical performance following insider filings. The company role is translated below each name while preserving the original title.
- Excess return = stock return − FTSE 100 return over the same period.
- Hit rate = completed events with positive excess return ÷ total completed events.
- Price coverage = valid point-in-time prices ÷ events mature enough for that period.
- Returns start on the first shared trading session on or after publication.
- Small-sample rule: n<5 is shown for transparency and is not scored.
Events are disclosure-level observations; related disclosures published on the same date may share a return path and may not be statistically independent. This research enrichment does not affect the insider score or ranking.
| Period | Completed events | Price coverage | Hit rate | Median excess return | Average excess return | Worst excess return |
|---|---|---|---|---|---|---|
| 5D | 2Small sample | 100.0% (2/2) | 0.0% (0/2) | -1.2% | -1.2% | -1.3% |
| 20D | 2Small sample | 100.0% (2/2) | 50.0% (1/2) | -1.2% | -1.2% | -8.5% |
| 60D | 1Small sample | 100.0% (1/1) | 100.0% (1/1) | +47.1% | +47.1% | +47.1% |
| 120D | 1Small sample | 100.0% (1/1) | 100.0% (1/1) | +41.4% | +41.4% | +41.4% |
| Period | Completed events | Price coverage | Hit rate | Median excess return | Average excess return | Worst excess return |
|---|---|---|---|---|---|---|
| 5D | 1Small sample | 100.0% (1/1) | 0.0% (0/1) | -1.2% | -1.2% | -1.2% |
| 20D | 1Small sample | 100.0% (1/1) | 100.0% (1/1) | +6.1% | +6.1% | +6.1% |
| 60D | 1Small sample | 100.0% (1/1) | 100.0% (1/1) | +47.1% | +47.1% | +47.1% |
| 120D | 1Small sample | 100.0% (1/1) | 100.0% (1/1) | +41.4% | +41.4% | +41.4% |
Market context
PRICE PERFORMANCE
VOLATILITY & LIQUIDITY
- Volatility
- 41.0%
- Beta
- —
- Avg daily volume
- £1.4M
VALUATION
- Market cap
- £1.0B
- P/E
- 19.9×
FUNDAMENTALS
- Profit margin
- —
- ROE
- 4.7%
- Industry
- —
Prices to 11 Oct 2026: OpenBB/yfinance; volume from price cache (yfinance). From the company's annual report ↗, fiscal year ended 31 Dec 2025: Market cap, P/E, ROE. Market cap is the share count implied by the report's profit and earnings per share (the year's average), multiplied by the latest close; shares issued or bought back since are not counted. It does not affect the insider score or rank.
Disclosed net short positions
- Aggregate net short
- 0.94%
- Latest position date
- 13 Oct 2026
The FCA publishes one aggregate figure per issuer, the sum of all positions notified to it, and does not name the holders. Source: FCA · read 18 Oct 2026
Short-position disclosures are external context; they do not affect the insider score, ranking, or filing eligibility.
Insiders' buying price vs the latest close
The latest close in the price history is more than a week old.
Buying size vs market trading
Market history is too old for this snapshot; ratios are withheld.
Market-data coverage: 507 verified sessions · Latest session: 2026-10-09 · Ratio status: Unavailable
Traded value is estimated as close × shares traded, in major currency units. Includes disclosed qualifying purchases; disclosures may lag. Contractual or planned acquisitions are not necessarily discretionary. Ratios describe relative trading size, not market participation or score contributions.
Latest news
No news has been captured for this company.
Regulatory filings
- Insider filing announcement · published 2026-09-15 · trade date 2026-09-15
- Insider filing announcement · published 2026-09-03 · trade date 2026-09-03
- Insider filing announcement · published 2026-03-25 · trade date 2026-03-25
Unfold all 10 filings
- Insider filing announcement · published 2026-09-15 · trade date 2026-09-15
- Insider filing announcement · published 2026-09-03 · trade date 2026-09-03
- Insider filing announcement · published 2026-03-25 · trade date 2026-03-25
- Insider filing announcement · published 2026-03-19 · trade date 2026-03-19
- Insider filing announcement · published 2026-03-06 · trade date 2026-03-06
- Insider filing announcement · published 2026-03-06 · trade date 2026-03-06
- Insider filing announcement · published 2026-03-05 · trade date 2026-03-05
- Insider filing announcement · published 2026-02-27 · trade date 2026-02-27
- Insider filing announcement · published 2025-12-24 · trade date 2025-12-24
- Insider filing announcement · published 2025-12-05 · trade date 2025-12-05
Filing evidence
These are underlying national-feed records from the 365-day window ending on the saved ranking snapshot. The score uses only the latest 180 days; older qualifying equity purchases remain visible for audit but do not enter the current score. The original filer, role, transaction classification, instrument, price, volume, value and source fields are retained. The first three rows are shown; remaining records can be unfolded for audit. Other transaction types are retained but excluded from the score.
Excluded transactions & classification
14 qualifying purchase disclosure(s) · 14 transaction line(s)
Unfold all 11 remaining filing row(s)
| Transaction date | Published | Filer | Role | Transaction | Instrument | Price (local currency) | Quote currency | Volume | Source |
|---|---|---|---|---|---|---|---|---|---|
| 2026-03-25 | 2026-03-25 | Paul Coby | Non-Executive Director | Purchase of ordinary shares | Ordinary shares of £0.000001 pence each GB00BMX3W479 | 0.01142 GBP | GBP | 17350 | Open filing |
| 2026-03-19 | 2026-03-19 | Robert Sharpe | Non-Executive Director – Board Chair | Purchase of ordinary shares | Ordinary shares of £0.000001 pence each GB00BMX3W479 | 0.0111 GBP | GBP | 17599 | Open filing |
| 2026-03-06 | 2026-03-06 | Spaldy Investments Limited, wholly owned company of Jaime Gilinski Bacal | Person Closely Associated of a Shareholder Nominated Non-Executive Director | Purchase of ordinary shares to be held in the name of Spaldy Investments Limited, a company wholly owned by Jaime Gilinski Bacal | Ordinary shares of £0.000001 pence each GB00BMX3W479 | 0.011447 GBP | GBP | 534703 | Open filing |
| 2026-03-05 | 2026-03-05 | Marc Page | Executive Director – Chief Financial Officer | Purchase of ordinary shares | Ordinary shares of £0.000001 pence each GB00BMX3W479 | 0.011459 GBP | GBP | 52092 | Open filing |
| 2026-03-05 | 2026-03-05 | Marc Page | Executive Director – Chief Financial Officer | Purchase of ordinary shares | Ordinary shares of £0.000001 pence each GB00BMX3W479 | 0.01157 GBP | GBP | 42993 | Open filing |
| 2026-03-05 | 2026-03-05 | Marc Page | Executive Director – Chief Financial Officer | Purchase of ordinary shares | Ordinary shares of £0.000001 pence each GB00BMX3W479 | 0.01132 GBP | GBP | 6061 | Open filing |
| 2026-03-05 | 2026-03-05 | Miles Page | Person Closely Associated – Marc Page (Executive Director) | Purchase of ordinary shares | Ordinary shares of £0.000001 pence each GB00BMX3W479 | 0.011465 GBP | GBP | 7932 | Open filing |
| 2026-03-05 | 2026-03-05 | Marshall Page | Person Closely Associated – Marc Page (Executive Director) | Purchase of ordinary shares | Ordinary shares of £0.000001 pence each GB00BMX3W479 | 0.011402 GBP | GBP | 7990 | Open filing |
| 2026-03-05 | 2026-03-05 | Vanessa Page | Person Closely Associated – Marc Page (Executive Director) | Purchase of ordinary shares | Ordinary shares of £0.000001 pence each GB00BMX3W479 | 0.011521 GBP | GBP | 83114 | Open filing |
| 2025-12-24 | 2025-12-24 | Spaldy Investments Limited, wholly owned company of Jaime Gilinski Bacal | Person Closely Associated of a Shareholder Nominated Non-Executive Director | Purchase of ordinary shares to be held in the name of Spaldy Investments Limited, a company wholly owned by Jaime Gilinski Bacal | Ordinary shares of £0.000001 pence each GB00BMX3W479 | 0.012093 GBP | GBP | 500000 | Open filing |
| 2025-12-05 | 2025-12-05 | Robert Sharpe & Vanessa Sharpe | Non-Executive Director – Board Chair & Person Closely Associated | Joint purchase of ordinary shares to be held in the name of Robert Sharpe and Vanessa Sharpe, jointly. | Ordinary shares of £0.000001 pence each GB00BMX3W479 | 0.01087 GBP | GBP | 25000 | Open filing |
Showing 14 of 14 matching raw-feed row(s) from the current 365-day research window. Prices and reported values remain in the filing currency and its major unit (for example, UK pence are parsed as GBP). The screen-level € aggregate is separately FX-normalised for research ranking, not a trade-date conversion.
Other disclosed transactions · excluded from score
View 9 other transaction(s)
Unfold all 6 remaining filing row(s)
| Transaction date | Published | Filer | Role | Transaction | Instrument | Price (local currency) | Quote currency | Volume | Source |
|---|---|---|---|---|---|---|---|---|---|
| 2026-03-06 | 2026-03-06 | Marc Page | Executive Director – Chief Financial Officer | An option grant over 56,775 shares under the 2024 Deferred Variable Reward Plan (“Plan”), with an exercise price of £0.000001 for each share under the option. This option vests (i.e. is exercisable) immediately, albeit shares are retained for 12 months following vesting. An option grant over 227,103 shares under the 2024 Deferred Variable Reward Plan (“Plan”), with an exercise price of £0.000001 for each share under the option. This option vests in four equal annual instalments, starting after the first anniversary following grant. | Ordinary shares of £0.000001 pence each GB00BMX3W479 | — | GBP | 227103 | Open filing |
| 2026-03-04 | 2026-03-05 | Marc Page | Executive Director – Chief Financial Officer | Right to acquire nil cost options to acquire shares in Metro Bank Holdings plc under the SVAP (the “SVAP Award”), determined by 0.5% of the growth in value (based on total shareholder return) above a market value equivalent to 80 pence per share, subject to the achievement of a minimum share price hurdle of 120p, and subject to a cap on the aggregate value of shares subject to nil cost options. | Right to acquire nil cost options over ordinary shares of 0.0001 pence each in Metro Bank Holdings plc. | — | GBP | — | Open filing |
| 2026-02-27 | 2026-02-27 | Marc Page | Executive Director | Automatically generated sale of shares to settle share account management fees | Ordinary shares of £0.000001 pence each GB00BMX3W479 | 0.010886 GBP | GBP | 91 | Open filing |
| 2026-02-27 | 2026-02-27 | Marc Page | Executive Director | Automatically generated sale of shares to settle share account management fees | Ordinary shares of £0.000001 pence each GB00BMX3W479 | 0.012243 GBP | GBP | 43 | Open filing |
| 2026-02-27 | 2026-02-27 | Marc Page | Executive Director | Automatically generated sale of shares to settle share account management fees | Ordinary shares of £0.000001 pence each GB00BMX3W479 | 0.011106 GBP | GBP | 48 | Open filing |
| 2026-02-27 | 2026-02-27 | Robert Sharpe | Non-Executive Director – Board Chair | Automatically generated sale of shares to settle share account management fees | Ordinary shares of £0.000001 pence each GB00BMX3W479 | 0.013172 GBP | GBP | 99 | Open filing |
Showing 9 of 9 matching raw-feed row(s) from the current 365-day research window. Prices and reported values remain in the filing currency and its major unit (for example, UK pence are parsed as GBP). The screen-level € aggregate is separately FX-normalised for research ranking, not a trade-date conversion.
Snapshot & identity
- Snapshot date
- 2026-10-18
- Ticker
- MTRO.L
- ISIN
- GB00BMX3W479
- Sector
- Financial Services
- Industry
- Banks—Regional
Company logos by Parqet