$0.48 EPS Expected for Metropolitan Bank Holding Corp (MCB) This Quarter

Wall Street analysts expect that Metropolitan Bank Holding Corp (NYSE:MCB) will report earnings per share (EPS) of $0.48 for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for Metropolitan Bank’s earnings. The company is scheduled to announce its next earnings results on Monday, April 30th.

According to Zacks, analysts expect that Metropolitan Bank will report full year earnings of $2.47 per share for the current financial year, with EPS estimates ranging from $2.22 to $2.72. For the next financial year, analysts expect that the business will report earnings of $3.07 per share, with EPS estimates ranging from $2.75 to $3.39. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover Metropolitan Bank.

Metropolitan Bank (NYSE:MCB) last posted its quarterly earnings results on Monday, November 13th. The company reported $0.82 earnings per share for the quarter.

MCB has been the topic of several research reports. Keefe, Bruyette & Woods initiated coverage on shares of Metropolitan Bank in a research note on Monday, December 4th. They issued an “outperform” rating and a $50.00 price target on the stock. JPMorgan Chase & Co. initiated coverage on shares of Metropolitan Bank in a research note on Monday, December 4th. They issued an “overweight” rating and a $50.00 price target on the stock. Piper Jaffray Companies initiated coverage on shares of Metropolitan Bank in a research note on Monday, December 4th. They issued a “neutral” rating and a $46.00 price target on the stock. Finally, ValuEngine raised shares of Metropolitan Bank from a “hold” rating to a “buy” rating in a research note on Tuesday.

In other news, Director Robert C. Patent acquired 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The stock was purchased at an average cost of $35.00 per share, for a total transaction of $105,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

An institutional investor recently bought a new position in Metropolitan Bank stock. Schwab Charles Investment Management Inc. acquired a new position in shares of Metropolitan Bank Holding Corp (NYSE:MCB) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 5,200 shares of the company’s stock, valued at approximately $219,000. Schwab Charles Investment Management Inc. owned about 0.06% of Metropolitan Bank at the end of the most recent quarter. 2.29% of the stock is owned by institutional investors and hedge funds.

Metropolitan Bank (MCB) opened at $44.55 on Wednesday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.09 and a current ratio of 1.09. Metropolitan Bank has a 52 week low of $36.35 and a 52 week high of $51.30.

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Metropolitan Bank Company Profile

Metropolitan Bank Holding Corp. is a bank holding company. Through its subsidiary, Metropolitan Commercial Bank, the Bank provides a range of business, commercial and retail banking products and services to small businesses, middle-market enterprises, public entities and affluent individuals in the New York metropolitan area.

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