Shares of Metropolitan Bank Holding Corp (NYSE:MCB) have received a consensus broker rating score of 2.00 (Buy) from the three brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company.
Analysts have set a twelve-month consensus target price of $55.33 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 144 out of 255 based on the ratings given to its competitors.
MCB has been the topic of several research reports. Zacks Investment Research lowered Metropolitan Bank from a “buy” rating to a “hold” rating in a report on Wednesday, April 4th. ValuEngine lowered Metropolitan Bank from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd.
Hedge funds have recently modified their holdings of the business. American International Group Inc. purchased a new position in shares of Metropolitan Bank during the fourth quarter worth about $102,000. The Manufacturers Life Insurance Company purchased a new position in shares of Metropolitan Bank during the fourth quarter worth about $138,000. Spark Investment Management LLC purchased a new position in shares of Metropolitan Bank during the fourth quarter worth about $210,000. Schwab Charles Investment Management Inc. purchased a new position in shares of Metropolitan Bank during the fourth quarter worth about $219,000. Finally, California State Teachers Retirement System purchased a new position in shares of Metropolitan Bank during the fourth quarter worth about $239,000. 50.29% of the stock is currently owned by institutional investors.
Metropolitan Bank traded down $0.64, reaching $53.35, during midday trading on Friday, MarketBeat Ratings reports. The company’s stock had a trading volume of 388,480 shares, compared to its average volume of 59,627. The stock has a market cap of $442.52 million and a PE ratio of 17.43. Metropolitan Bank has a fifty-two week low of $36.35 and a fifty-two week high of $55.00. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.15 and a quick ratio of 1.15.
Metropolitan Bank (NYSE:MCB) last issued its quarterly earnings data on Wednesday, April 25th. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.05. The firm had revenue of $21.83 million for the quarter, compared to analysts’ expectations of $19.82 million. research analysts expect that Metropolitan Bank will post 3.33 earnings per share for the current fiscal year.
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.
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