Metropolitan Bank (MCB) Set to Announce Earnings on Tuesday

Metropolitan Bank (NYSE:MCBGet Free Report) will post its quarterly earnings results after the market closes on Tuesday, April 16th. Analysts expect Metropolitan Bank to post earnings of $1.29 per share for the quarter.

Metropolitan Bank (NYSE:MCBGet Free Report) last posted its quarterly earnings results on Thursday, January 18th. The company reported $1.28 earnings per share for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.23). The business had revenue of $63.56 million for the quarter, compared to the consensus estimate of $60.96 million. Metropolitan Bank had a return on equity of 12.25% and a net margin of 19.16%. On average, analysts expect Metropolitan Bank to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Metropolitan Bank Trading Down 1.5 %

MCB opened at $34.47 on Monday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.01 and a quick ratio of 1.02. The company has a market cap of $382.27 million, a price-to-earnings ratio of 5.02 and a beta of 1.18. The firm has a 50 day simple moving average of $39.36 and a 200 day simple moving average of $41.24. Metropolitan Bank has a fifty-two week low of $15.75 and a fifty-two week high of $57.15.

Institutional Investors Weigh In On Metropolitan Bank

Several large investors have recently made changes to their positions in MCB. Vanguard Group Inc. boosted its holdings in Metropolitan Bank by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 601,497 shares of the company’s stock worth $33,311,000 after purchasing an additional 9,244 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in Metropolitan Bank during the fourth quarter worth $717,000. Legal & General Group Plc boosted its holdings in Metropolitan Bank by 25.7% during the fourth quarter. Legal & General Group Plc now owns 11,126 shares of the company’s stock worth $616,000 after purchasing an additional 2,276 shares during the last quarter. Voya Investment Management LLC acquired a new position in Metropolitan Bank during the fourth quarter worth $238,000. Finally, Nuveen Asset Management LLC boosted its holdings in Metropolitan Bank by 2.8% during the fourth quarter. Nuveen Asset Management LLC now owns 174,336 shares of the company’s stock worth $9,655,000 after purchasing an additional 4,792 shares during the last quarter. Institutional investors own 79.83% of the company’s stock.

Wall Street Analysts Forecast Growth

MCB has been the subject of several recent analyst reports. JPMorgan Chase & Co. lowered their target price on shares of Metropolitan Bank from $55.00 to $50.00 and set an “overweight” rating for the company in a research note on Thursday, April 4th. Keefe, Bruyette & Woods lowered their target price on shares of Metropolitan Bank from $73.00 to $66.00 and set an “outperform” rating for the company in a research note on Monday, January 22nd.

View Our Latest Analysis on MCB

About Metropolitan Bank

(Get Free Report)

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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