Metropolitan Bank (MCB) Expected to Announce Earnings on Thursday

Metropolitan Bank (NYSE:MCB - Get Free Report) is projected to post its Q2 2025 quarterly earnings results before the market opens on Thursday, July 17th. Analysts expect Metropolitan Bank to post earnings of $1.62 per share and revenue of $72.50 million for the quarter.

Metropolitan Bank (NYSE:MCB - Get Free Report) last announced its quarterly earnings results on Monday, April 21st. The company reported $1.45 EPS for the quarter, missing analysts' consensus estimates of $1.61 by ($0.16). Metropolitan Bank had a net margin of 13.49% and a return on equity of 10.53%. The company had revenue of $70.59 million during the quarter, compared to the consensus estimate of $67.62 million. During the same period last year, the company earned $1.46 earnings per share. On average, analysts expect Metropolitan Bank to post $7 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Metropolitan Bank Stock Down 0.3%

NYSE MCB traded down $0.21 during trading hours on Thursday, reaching $73.68. 51,145 shares of the company's stock were exchanged, compared to its average volume of 93,550. The company's 50-day moving average is $66.69 and its two-hundred day moving average is $61.09. Metropolitan Bank has a one year low of $40.21 and a one year high of $75.60. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market capitalization of $785.43 million, a price-to-earnings ratio of 12.47 and a beta of 1.08.

Insiders Place Their Bets

In other Metropolitan Bank news, SVP Norman Scott sold 3,293 shares of the company's stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $60.57, for a total value of $199,457.01. Following the completion of the sale, the senior vice president owned 12,546 shares in the company, valued at $759,911.22. This represents a 20.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Mark R. Defazio sold 20,517 shares of the firm's stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $65.43, for a total value of $1,342,427.31. Following the transaction, the chief executive officer owned 94,185 shares of the company's stock, valued at $6,162,524.55. This represents a 17.89% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 61,450 shares of company stock worth $4,005,911. 6.09% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Metropolitan Bank

A number of institutional investors and hedge funds have recently bought and sold shares of MCB. Empowered Funds LLC grew its position in shares of Metropolitan Bank by 5.3% in the first quarter. Empowered Funds LLC now owns 42,268 shares of the company's stock valued at $2,367,000 after purchasing an additional 2,126 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Metropolitan Bank by 11.7% during the first quarter. Royal Bank of Canada now owns 7,429 shares of the company's stock worth $416,000 after buying an additional 778 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Metropolitan Bank by 3.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,257 shares of the company's stock worth $350,000 after buying an additional 237 shares during the period. 79.83% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Hovde Group lifted their price objective on shares of Metropolitan Bank from $75.00 to $79.00 and gave the stock an "outperform" rating in a research report on Monday, June 16th.

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.