Metropolitan Bank (MCB) Expected to Announce Quarterly Earnings on Monday

Metropolitan Bank (NYSE:MCB) is projected to issue its quarterly earnings data after the market closes on Monday, April 21st. Analysts expect Metropolitan Bank to post earnings of $1.61 per share and revenue of $67.62 million for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Metropolitan Bank (NYSE:MCB) last posted its quarterly earnings results on Thursday, January 23rd. The company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.49 by $0.39. Metropolitan Bank had a net margin of 13.55% and a return on equity of 10.89%. On average, analysts expect Metropolitan Bank to post $7 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Metropolitan Bank Price Performance

Metropolitan Bank stock opened at $54.43 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market cap of $610.92 million, a price-to-earnings ratio of 9.19 and a beta of 0.95. The firm has a 50-day moving average of $55.80 and a two-hundred day moving average of $59.01. Metropolitan Bank has a 1 year low of $37.10 and a 1 year high of $69.56.

Insiders Place Their Bets

In other Metropolitan Bank news, EVP Scott Lublin sold 5,000 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $54.60, for a total transaction of $273,000.00. Following the sale, the executive vice president now owns 49,988 shares of the company’s stock, valued at approximately $2,729,344.80. This trade represents a 9.09 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dale C. Fredston sold 1,000 shares of Metropolitan Bank stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $62.27, for a total value of $62,270.00. Following the completion of the transaction, the director now owns 17,668 shares in the company, valued at $1,100,186.36. This represents a 5.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,088 shares of company stock worth $1,161,791 in the last three months. Corporate insiders own 6.50% of the company’s stock.

Analysts Set New Price Targets

Separately, Hovde Group increased their price objective on Metropolitan Bank from $75.00 to $83.50 and gave the stock an “outperform” rating in a research note on Monday, January 27th.

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.