Metropolitan Bank (NYSE:MCB) Announces Earnings Results, Beats Expectations By $0.22 EPS

Metropolitan Bank (NYSE:MCB) released its quarterly earnings results on Wednesday. The company reported $1.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.17 by $0.22, MarketWatch Earnings reports. Metropolitan Bank had a return on equity of 11.35% and a net margin of 22.33%.

NYSE MCB opened at $39.50 on Friday. Metropolitan Bank has a 52 week low of $15.52 and a 52 week high of $51.09. The firm has a market capitalization of $327.49 million, a price-to-earnings ratio of 9.38 and a beta of 1.27. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.17. The company has a fifty day moving average of $36.48 and a two-hundred day moving average of $31.95.

Several research analysts have weighed in on MCB shares. TheStreet upgraded shares of Metropolitan Bank from a “d+” rating to a “c-” rating in a research report on Friday, October 9th. Zacks Investment Research raised Metropolitan Bank from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a research note on Tuesday, January 5th. Finally, JPMorgan Chase & Co. upped their price objective on Metropolitan Bank from $36.00 to $50.00 in a report on Tuesday, December 15th.

About Metropolitan Bank

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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Earnings History for Metropolitan Bank (NYSE:MCB)

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