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NYSE:MCB

Metropolitan Bank (MCB) Stock Price, News & Analysis

$54.88
+0.78 (+1.44%)
(As of 07/26/2024 ET)
Today's Range
$52.84
$55.14
50-Day Range
$38.88
$56.48
52-Week Range
$30.20
$57.69
Volume
113,608 shs
Average Volume
100,485 shs
Market Capitalization
$614.11 million
P/E Ratio
9.03
Dividend Yield
N/A
Price Target
$61.88

Metropolitan Bank MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
12.7% Upside
$61.88 Price Target
Short Interest
Bearish
5.50% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.31mentions of Metropolitan Bank in the last 14 days
Based on 23 Articles This Week
Insider Trading
Selling Shares
$1.99 M Sold Last Quarter
Proj. Earnings Growth
16.28%
From $6.08 to $7.07 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.48 out of 5 stars

Finance Sector

374th out of 898 stocks

State Commercial Banks Industry

79th out of 181 stocks

MCB stock logo

About Metropolitan Bank Stock (NYSE:MCB)

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. The company offers checking, savings, term deposit, money market, demand deposit, and other interest-bearing transaction accounts. It also provides lending products, including commercial real estate, multi-family, construction, and one-to four-family real estate loans; commercial and industrial loans; consumer loans; acquisition and renovation loans; loans to refinance or return borrower equity; loans on owner-occupied properties; working capital lines of credit; trade finance and letters of credit; and term loans. In addition, the company offers cash management services, as well as online and mobile banking, ACH, remote deposit capture, and debit cards. The company was formerly known as Metbank Holding Corp. and changed its name to Metropolitan Bank Holding Corp. in January 2007. Metropolitan Bank Holding Corp. was incorporated in 1997 and is headquartered in New York, New York.

MCB Stock Price History

MCB Stock News Headlines

625,000% Gain
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Metropolitan Bank Holding (MCB) Receives a Buy from KBW
625,000% Gain
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Metropolitan Bank (NYSE:MCB) Posts Earnings Results
Metropolitan Bank Holding Corp. (MCB)
KBW Releases a Buy Rating on Metropolitan Bank Holding (MCB)
See More Headlines
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Company Calendar

Last Earnings
7/18/2024
Today
7/26/2024
Next Earnings (Estimated)
10/17/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
Banking
Fax
N/A
Employees
240
Year Founded
1999

Price Target and Rating

Average Stock Price Target
$61.88
High Stock Price Target
$70.00
Low Stock Price Target
$50.00
Potential Upside/Downside
+12.7%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
4 Analysts

Profitability

Net Income
$76.90 million
Pretax Margin
22.52%

Debt

Sales & Book Value

Annual Sales
$403.31 million
Cash Flow
$7.47 per share
Book Value
$59.57 per share

Miscellaneous

Free Float
10,465,000
Market Cap
$614.11 million
Optionable
Not Optionable
Beta
1.16

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Key Executives

  • Mr. Mark R. DeFazioMr. Mark R. DeFazio (Age 61)
    President, CEO & Director
    Comp: $1.51M
  • Mr. Daniel F. Dougherty CFA (Age 62)
    Executive VP & CFO
    Comp: $486.46k
  • Mr. Scott Lublin (Age 57)
    Executive VP & Chief Lending Officer
    Comp: $656.35k
  • Ms. Dixiana M. Berrios (Age 51)
    Executive VP & COO
  • Gerald David Bonnar
    Senior VP, Controller, CAO & PAO
  • Mr. Frederik F. Erikson (Age 51)
    Executive VP & General Counsel
  • Mr. Ram Puppala (Age 54)
    Senior VP & Chief Digital Officer
  • Mr. Norman Scott (Age 53)
    Senior VP & Chief Credit Officer
  • Zachary Levine
    Corporate Secretary

MCB Stock Analysis - Frequently Asked Questions

How have MCB shares performed this year?

Metropolitan Bank's stock was trading at $55.38 on January 1st, 2024. Since then, MCB stock has decreased by 0.9% and is now trading at $54.88.
View the best growth stocks for 2024 here
.

How were Metropolitan Bank's earnings last quarter?

Metropolitan Bank Holding Corp. (NYSE:MCB) posted its quarterly earnings results on Thursday, July, 18th. The company reported $1.50 EPS for the quarter, missing analysts' consensus estimates of $1.57 by $0.07. The firm had revenue of $121.90 million for the quarter, compared to analysts' expectations of $68.02 million. Metropolitan Bank had a trailing twelve-month return on equity of 10.62% and a net margin of 15.22%.

When did Metropolitan Bank IPO?

Metropolitan Bank (MCB) raised $101 million in an initial public offering on Wednesday, November 8th 2017. The company issued 3,100,000 shares at $31.00-$34.00 per share. J.P Morgan and Keefe, Bruyette & Woods (A Stifel Company) served as the underwriters for the IPO and Piper Jaffray was co-manager.

Who are Metropolitan Bank's major shareholders?

Top institutional shareholders of Metropolitan Bank include Bank of New York Mellon Corp (0.75%), Assenagon Asset Management S.A. (0.38%), SummerHaven Investment Management LLC (0.16%) and Cox Capital Mgt LLC (0.09%). Insiders that own company stock include Mark R Defazio, Scott Lublin, George J Wolf Jr, Nick Rosenberg, Maria F Ramirez, Greg Sigrist, David J Gold and Harvey Gutman.
View institutional ownership trends
.

How do I buy shares of Metropolitan Bank?

Shares of MCB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Metropolitan Bank own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Metropolitan Bank investors own include Enbridge (ENB), Omega Healthcare Investors (OHI), Royal Bank of Canada (RY), Southern (SO), Wells Fargo & Company (WFC), Preferred Apartment Communities (APTS) and BCE (BCE).

This page (NYSE:MCB) was last updated on 7/26/2024 by MarketBeat.com Staff

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