Equities analysts expect that Metropolitan Bank Holding Corp (NYSE:MCB) will report earnings per share of $0.77 for the current quarter, Zacks reports. Two analysts have made estimates for Metropolitan Bank’s earnings. The highest EPS estimate is $0.79 and the lowest is $0.74. Metropolitan Bank posted earnings of $1.04 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 26%. The firm is expected to report its next quarterly earnings results on Monday, February 4th.
According to Zacks, analysts expect that Metropolitan Bank will report full year earnings of $3.07 per share for the current financial year, with EPS estimates ranging from $3.03 to $3.10. For the next year, analysts anticipate that the firm will report earnings of $3.44 per share, with EPS estimates ranging from $3.42 to $3.46. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover Metropolitan Bank.
Metropolitan Bank (NYSE:MCB) last announced its quarterly earnings data on Thursday, October 25th. The company reported $0.85 EPS for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.11. Metropolitan Bank had a return on equity of 10.63% and a net margin of 23.70%. The firm had revenue of $20.36 million during the quarter, compared to analysts’ expectations of $20.57 million.
A number of brokerages have commented on MCB. ValuEngine cut Metropolitan Bank from a “hold” rating to a “sell” rating in a research note on Thursday, November 1st. Zacks Investment Research raised Metropolitan Bank from a “sell” rating to a “hold” rating in a research note on Tuesday, October 9th.
A number of institutional investors have recently made changes to their positions in the business. Franklin Resources Inc. grew its stake in Metropolitan Bank by 1.8% in the third quarter. Franklin Resources Inc. now owns 364,944 shares of the company’s stock valued at $15,006,000 after acquiring an additional 6,428 shares during the period. BlackRock Inc. lifted its holdings in shares of Metropolitan Bank by 1.8% in the third quarter. BlackRock Inc. now owns 328,693 shares of the company’s stock valued at $13,517,000 after purchasing an additional 5,950 shares in the last quarter. RE Advisers Corp lifted its holdings in shares of Metropolitan Bank by 3.3% in the second quarter. RE Advisers Corp now owns 311,330 shares of the company’s stock valued at $16,339,000 after purchasing an additional 10,000 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Metropolitan Bank by 15.5% in the third quarter. Vanguard Group Inc. now owns 216,318 shares of the company’s stock valued at $8,895,000 after purchasing an additional 29,023 shares in the last quarter. Finally, Wasatch Advisors Inc. lifted its holdings in shares of Metropolitan Bank by 0.6% in the second quarter. Wasatch Advisors Inc. now owns 212,871 shares of the company’s stock valued at $11,171,000 after purchasing an additional 1,249 shares in the last quarter. 52.55% of the stock is owned by hedge funds and other institutional investors.
Metropolitan Bank stock traded down $0.52 during mid-day trading on Friday, reaching $33.99. The stock had a trading volume of 11,703 shares, compared to its average volume of 12,326. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.18 and a current ratio of 1.18. Metropolitan Bank has a fifty-two week low of $33.23 and a fifty-two week high of $55.00. The stock has a market capitalization of $283.23 million and a PE ratio of 11.11.
Metropolitan Bank Company Profile
Metropolitan Bank Holding Corp. operates as the bank holding company for Metropolitan Commercial Bank that provides a range of business, commercial, and retail banking products and services to small businesses, middle-market enterprises, public entities, and individuals in the New York metropolitan area.
Featured Story: Capital Gains
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Metropolitan Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Metropolitan Bank and related companies with MarketBeat.com's FREE daily email newsletter.