Metropolitan Bank Holding Corp (NYSE:MCB) has received an average broker rating score of 2.00 (Buy) from the two brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and one has assigned a strong buy rating to the company.
Brokerages have set a twelve-month consensus price target of $43.00 for the company and are anticipating that the company will post $0.77 EPS for the current quarter, according to Zacks. Zacks has also assigned Metropolitan Bank an industry rank of 171 out of 256 based on the ratings given to related companies.
A number of equities analysts have weighed in on the stock. Canaccord Genuity restated a “hold” rating on shares of Metropolitan Bank in a research report on Thursday. Zacks Investment Research upgraded shares of Metropolitan Bank from a “sell” rating to a “hold” rating in a research report on Friday, November 2nd. Finally, ValuEngine cut shares of Metropolitan Bank from a “hold” rating to a “sell” rating in a research report on Thursday, November 1st.
A number of large investors have recently bought and sold shares of MCB. Franklin Resources Inc. grew its holdings in shares of Metropolitan Bank by 1.8% during the third quarter. Franklin Resources Inc. now owns 364,944 shares of the company’s stock worth $15,006,000 after buying an additional 6,428 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Metropolitan Bank by 1.8% during the third quarter. BlackRock Inc. now owns 328,693 shares of the company’s stock worth $13,517,000 after buying an additional 5,950 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Metropolitan Bank by 15.5% during the third quarter. Vanguard Group Inc. now owns 216,318 shares of the company’s stock worth $8,895,000 after buying an additional 29,023 shares in the last quarter. Vanguard Group Inc grew its holdings in shares of Metropolitan Bank by 15.5% during the third quarter. Vanguard Group Inc now owns 216,318 shares of the company’s stock worth $8,895,000 after buying an additional 29,023 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Metropolitan Bank by 73.6% during the second quarter. Northern Trust Corp now owns 66,131 shares of the company’s stock worth $3,470,000 after buying an additional 28,038 shares in the last quarter. Institutional investors own 52.55% of the company’s stock.
MCB stock opened at $32.73 on Friday. The firm has a market capitalization of $267.97 million, a PE ratio of 10.70 and a beta of 1.13. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.33. Metropolitan Bank has a 12 month low of $29.05 and a 12 month high of $55.00.
Metropolitan Bank (NYSE:MCB) last posted its earnings results on Thursday, October 25th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.11. The firm had revenue of $20.36 million during the quarter, compared to analysts’ expectations of $20.57 million. Metropolitan Bank had a net margin of 23.70% and a return on equity of 10.63%. On average, research analysts expect that Metropolitan Bank will post 3.07 EPS for the current fiscal year.
About Metropolitan Bank
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.
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