Metropolitan Bank (NYSE:MCB) Announces Quarterly Earnings Results, Misses Expectations By $0.76 EPS

Metropolitan Bank (NYSE:MCB) posted its quarterly earnings data on Tuesday. The company reported $1.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.76), FiscalAI reports. Metropolitan Bank had a return on equity of 10.72% and a net margin of 14.31%.The firm had revenue of $93.01 million during the quarter, compared to analyst estimates of $93.39 million.

Metropolitan Bank Price Performance

NYSE:MCB opened at $90.25 on Thursday. Metropolitan Bank has a one year low of $64.66 and a one year high of $102.04. The stock has a market cap of $1.12 billion, a PE ratio of 11.42 and a beta of 1.00. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a 50 day moving average price of $94.36 and a 200 day moving average price of $89.32.

Metropolitan Bank Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 11th. Investors of record on Friday, July 31st will be issued a $0.35 dividend. This is a boost from Metropolitan Bank’s previous quarterly dividend of $0.25. This represents a $1.40 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, July 31st. Metropolitan Bank’s payout ratio is 12.32%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on MCB shares. Wall Street Zen upgraded Metropolitan Bank from a “hold” rating to a “buy” rating in a research report on Saturday, April 4th. Weiss Ratings upgraded Metropolitan Bank from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 11th. Keefe, Bruyette & Woods reduced their price objective on Metropolitan Bank from $120.00 to $110.00 and set an “outperform” rating for the company in a research note on Thursday. Finally, UBS Group began coverage on Metropolitan Bank in a report on Thursday, April 16th. They issued a “neutral” rating and a $97.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Metropolitan Bank currently has an average rating of “Buy” and an average price target of $103.50.

Metropolitan Bank News Roundup

Here are the key news stories impacting Metropolitan Bank this week:

• Positive Sentiment: Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $110 price target, implying meaningful upside from current levels. Benzinga
• Positive Sentiment: Management said the bank is still pursuing growth initiatives, including a target to push net interest margin toward 4.20% in 2026 while scaling AI and payments efforts. Seeking Alpha
• Neutral Sentiment: Several articles recapped the Q2 earnings call and presentation, highlighting strategic execution and management commentary without materially changing the investment picture. TipRanks
• Negative Sentiment: Q2 earnings missed estimates by a wide margin, with EPS materially below expectations, reinforcing concerns about near-term profitability. Business Wire
• Negative Sentiment: Investors also reacted to higher provisioning and non-interest expenses, which offset the year-over-year growth in earnings and revenue. The Motley Fool
• Negative Sentiment: KBW lowered its price target from $120 to $110, signaling somewhat less optimism despite maintaining a bullish rating. Benzinga

Insider Buying and Selling at Metropolitan Bank

In related news, Director Harvey Gutman sold 3,000 shares of the firm’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $89.58, for a total transaction of $268,740.00. Following the completion of the sale, the director directly owned 18,243 shares in the company, valued at approximately $1,634,207.94. This trade represents a 14.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert C. Patent sold 10,000 shares of Metropolitan Bank stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $96.41, for a total transaction of $964,100.00. Following the transaction, the director directly owned 86,185 shares in the company, valued at $8,309,095.85. This trade represents a 10.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 19,897 shares of company stock worth $1,874,352 in the last three months. 5.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. EP Wealth Advisors LLC acquired a new stake in Metropolitan Bank during the fourth quarter worth $208,000. Wellington Management Group LLP increased its position in shares of Metropolitan Bank by 66.6% during the 4th quarter. Wellington Management Group LLP now owns 592,799 shares of the company’s stock worth $45,266,000 after purchasing an additional 236,946 shares during the last quarter. Tudor Investment Corp ET AL increased its position in shares of Metropolitan Bank by 111.6% during the 4th quarter. Tudor Investment Corp ET AL now owns 61,788 shares of the company’s stock worth $4,718,000 after purchasing an additional 32,587 shares during the last quarter. Polymer Capital Management US LLC purchased a new stake in Metropolitan Bank in the 4th quarter valued at about $283,000. Finally, Millennium Management LLC lifted its position in Metropolitan Bank by 26.1% in the fourth quarter. Millennium Management LLC now owns 59,842 shares of the company’s stock valued at $4,570,000 after buying an additional 12,387 shares during the last quarter. 79.83% of the stock is currently owned by institutional investors and hedge funds.

Metropolitan Bank Company Profile

Metropolitan Bank (NYSE:MCB), through its principal subsidiary Metropolitan Commercial Bank, operates as a New York–based regional financial institution providing a range of commercial and consumer banking services. The company offers deposit products including checking, savings and money market accounts, as well as business and personal certificates of deposit. On the lending side, Metropolitan Bank extends commercial real estate financing, equipment loans, working capital lines of credit and consumer installment loans tailored to the needs of small- and medium-sized enterprises and individual customers.

In addition to traditional deposit and lending services, Metropolitan Bank provides specialized treasury and cash-management solutions, foreign exchange services and letters of credit for both domestic businesses and multinational clients.