Metropolitan Bank Holding Corp (NYSE:MCB) has been given a consensus broker rating score of 2.00 (Buy) from the three brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company.
Analysts have set a 1 year consensus price target of $54.33 for the company and are anticipating that the company will post $0.74 EPS for the current quarter, according to Zacks. Zacks has also given Metropolitan Bank an industry rank of 165 out of 255 based on the ratings given to its competitors.
Separately, Zacks Investment Research cut Metropolitan Bank from a “buy” rating to a “strong sell” rating in a research report on Tuesday, July 31st.
In other Metropolitan Bank news, CFO Anthony J. Fabiano acquired 750 shares of the business’s stock in a transaction on Friday, August 10th. The shares were acquired at an average price of $46.38 per share, with a total value of $34,785.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 21.18% of the stock is currently owned by insiders.
A number of hedge funds have recently bought and sold shares of MCB. Deutsche Bank AG purchased a new position in Metropolitan Bank in the fourth quarter worth $339,000. Prudential Financial Inc. purchased a new position in shares of Metropolitan Bank during the 1st quarter valued at $1,615,000. Schwab Charles Investment Management Inc. lifted its position in shares of Metropolitan Bank by 42.3% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 7,400 shares of the company’s stock valued at $312,000 after buying an additional 2,200 shares during the last quarter. Northern Trust Corp lifted its position in shares of Metropolitan Bank by 3.7% during the 1st quarter. Northern Trust Corp now owns 38,093 shares of the company’s stock valued at $1,604,000 after buying an additional 1,342 shares during the last quarter. Finally, BlackRock Inc. lifted its position in shares of Metropolitan Bank by 14.8% during the 1st quarter. BlackRock Inc. now owns 179,139 shares of the company’s stock valued at $7,543,000 after buying an additional 23,113 shares during the last quarter. 53.87% of the stock is currently owned by institutional investors and hedge funds.
Metropolitan Bank stock traded up $0.52 during trading on Friday, hitting $45.00. 23,000 shares of the company were exchanged, compared to its average volume of 48,821. Metropolitan Bank has a 52 week low of $36.35 and a 52 week high of $55.00. The company has a market capitalization of $357.83 million and a P/E ratio of 14.71. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.35.
Metropolitan Bank (NYSE:MCB) last announced its quarterly earnings results on Wednesday, July 25th. The company reported $0.70 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by ($0.11). Metropolitan Bank had a return on equity of 10.85% and a net margin of 21.51%. The company had revenue of $20.04 million for the quarter, compared to the consensus estimate of $22.29 million. analysts predict that Metropolitan Bank will post 3.01 EPS for the current year.
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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