Metropolitan Bank (MCB) Coverage Initiated by Analysts at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods started coverage on shares of Metropolitan Bank (NYSE:MCB) in a research note issued to investors on Monday morning. The firm issued an outperform rating and a $50.00 price target on the stock.

Separately, J P Morgan Chase & Co began coverage on shares of Metropolitan Bank in a research report on Monday. They set an overweight rating and a $50.00 target price on the stock.

Shares of Metropolitan Bank (NYSE:MCB) traded up $0.71 during midday trading on Monday, hitting $44.66. 101,800 shares of the company’s stock traded hands, compared to its average volume of 86,865. Metropolitan Bank has a 52 week low of $36.35 and a 52 week high of $45.14.

In related news, Director Robert C. Patent bought 3,000 shares of the firm’s stock in a transaction on Wednesday, November 8th. The shares were bought at an average cost of $35.00 per share, for a total transaction of $105,000.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.

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