Shares of Metropolitan Bank Holding Corp (NYSE:MCB) have been assigned a consensus broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and one has issued a strong buy rating on the company.
Brokerages have set a 1-year consensus price target of $47.25 for the company and are predicting that the company will post $0.86 earnings per share for the current quarter, according to Zacks. Zacks has also given Metropolitan Bank an industry rank of 170 out of 256 based on the ratings given to its competitors.
A number of equities analysts have issued reports on MCB shares. Zacks Investment Research upgraded Metropolitan Bank from a “sell” rating to a “hold” rating in a report on Wednesday, July 24th. TheStreet upgraded Metropolitan Bank from a “d+” rating to a “c-” rating in a report on Monday, April 29th.
Institutional investors and hedge funds have recently bought and sold shares of the business. Bank of Montreal Can purchased a new stake in shares of Metropolitan Bank during the second quarter valued at $26,000. BNP Paribas Arbitrage SA boosted its position in shares of Metropolitan Bank by 528.7% during the first quarter. BNP Paribas Arbitrage SA now owns 1,358 shares of the company’s stock valued at $47,000 after buying an additional 1,142 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of Metropolitan Bank by 196.4% during the second quarter. Russell Investments Group Ltd. now owns 1,660 shares of the company’s stock valued at $73,000 after buying an additional 1,100 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its position in shares of Metropolitan Bank by 356.4% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 2,314 shares of the company’s stock valued at $71,000 after buying an additional 1,807 shares during the last quarter. Finally, Marshall Wace North America L.P. purchased a new stake in shares of Metropolitan Bank during the first quarter valued at $99,000. Institutional investors and hedge funds own 51.08% of the company’s stock.
Shares of Metropolitan Bank stock traded down $0.18 during midday trading on Friday, reaching $39.59. 6,100 shares of the company’s stock traded hands, compared to its average volume of 18,653. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.23 and a current ratio of 1.23. The company has a market capitalization of $327.01 million, a P/E ratio of 12.94 and a beta of 1.28. The company’s 50 day moving average is $42.85. Metropolitan Bank has a 12 month low of $29.05 and a 12 month high of $47.12.
Metropolitan Bank (NYSE:MCB) last announced its earnings results on Wednesday, July 24th. The company reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.18). The business had revenue of $25.61 million for the quarter, compared to the consensus estimate of $26.00 million. Metropolitan Bank had a net margin of 24.86% and a return on equity of 10.53%. Research analysts anticipate that Metropolitan Bank will post 3.54 EPS for the current 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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