NYSE:MCB

Metropolitan Bank (MCB) Stock Forecast, Price & News

$36.51

+1.55 (+4.43%)

(As of 03:44 PM ET)

Compare

Today's Range: $35.60
▼
$36.99
50-Day Range: $33.70
▼
$48.62
52-Week Range: $13.98
▼
$71.99

Volume: 71,670 shs
Average Volume: 335,383 shs
Market Capitalization: $403.91 million

P/E Ratio: 7.10
Dividend Yield: N/A
Price Target: $58.33

Metropolitan Bank MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 58.7% Upside
$58.33 Price Target
Short Interest: Bearish
8.64% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.55
Based on 5 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 7.99%
From $7.26 to $7.84 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.49 out of 5 stars

Finance Sector

411th out of 868 stocks

State Commercial Banks Industry

101st out of 182 stocks

3.5

Analyst's Opinion

Consensus Rating
Metropolitan Bank has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $58.33, Metropolitan Bank has a forecasted upside of 58.7% from its current price of $36.75.
Amount of Analyst Coverage
Metropolitan Bank has only been the subject of 2 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
8.64% of the outstanding shares of Metropolitan Bank have been sold short.
Short Interest Ratio / Days to Cover
Metropolitan Bank has a short interest ratio ("days to cover") of 6.4.
Change versus previous month
Short interest in Metropolitan Bank has recently decreased by 0.59%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Metropolitan Bank does not currently pay a dividend.
Dividend Growth
Metropolitan Bank does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MCB.

2.0

News and Social Media Coverage

News Sentiment
Metropolitan Bank has a news sentiment score of 0.55. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.68 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for Metropolitan Bank this week, compared to 2 articles on an average week.
Search Interest
Only 1 people have searched for MCB on MarketBeat in the last 30 days. This is a decrease of -86% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added Metropolitan Bank to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Metropolitan Bank insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 7.50% of the stock of Metropolitan Bank is held by insiders.
Percentage Held by Institutions
89.02% of the stock of Metropolitan Bank is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Metropolitan Bank are expected to grow by 7.99% in the coming year, from $7.26 to $7.84 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Metropolitan Bank is 7.15, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 119.33.
Price to Earnings Ratio vs. Sector
The P/E ratio of Metropolitan Bank is 7.15, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 72.42.
Price to Book Value per Share Ratio
Metropolitan Bank has a P/B Ratio of 0.70. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Metropolitan Bank (NYSE:MCB) Stock

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, and money market accounts, as well as certificates of deposit. It also provides lending products, including commercial real estate, construction, multi-family, 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 card services. It operates banking centers in Manhattan, Brooklyn, Great Neck, and Long Island. Metropolitan Bank Holding Corp. was founded in 1999 and is headquartered in New York, New York.

MCB Price History

30 days | 90 days | 365 days | Advanced Chart

MCB Stock News Headlines

September 29, 2023 | news.yahoo.com

A metro-east credit union is prepared to help members during government shutdown

September 25, 2023 | finance.yahoo.com

Metropolitan Bank Holding Insiders Added US$830k Of Stock To Their Holdings

September 29, 2023 | Weiss Ratings (Ad)

Overlooked AI Stock Gets Urgent "Buy"

We issued our first "Buy" rating on Apple when it traded at the equivalent of 56 cents per share. It's up 32,571% since. And while Nvidia is up 3x this year… We called it back in 2011. And it has surged 97x (9,624% to be exact) since then. Now, our Weiss Ratings has issued a "Buy" on a stock that's leading the AI revolution in one of the most profitable industries.

September 22, 2023 | americanbankingnews.com

Contrasting Metropolitan Bank (NYSE:MCB) and CB Financial Services (NASDAQ:CBFV)

September 21, 2023 | americanbankingnews.com

Critical Analysis: Metropolitan Bank (NYSE:MCB) versus Investar (NASDAQ:ISTR)

September 12, 2023 | marketwatch.com

Metro Bank Won't Get Approval for Risk Measurement in 2023

September 11, 2023 | msn.com

Metropolitan Bank Holding: Favorable Risk/Reward Profile

August 15, 2023 | finance.yahoo.com

With 84% ownership of the shares, Metropolitan Bank Holding Corp. (NYSE:MCB) is heavily dominated by institutional owners

September 29, 2023 | Tradewins (Ad)

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July 28, 2023 | finance.yahoo.com

Implied Volatility Surging for Metropolitan Bank (MCB) Stock Options

July 28, 2023 | markets.businessinsider.com

J.P. Morgan Keeps Their Buy Rating on Metropolitan Bank Holding (MCB)

July 26, 2023 | finance.yahoo.com

Metropolitan Bank Holding Corp. (NYSE:MCB) Q2 2023 Earnings Call Transcript

July 26, 2023 | seekingalpha.com

Regional bank stocks jump as investors laud PacWest sale

July 22, 2023 | finance.yahoo.com

Q2 2023 Metropolitan Bank Holding Corp Earnings Call

July 20, 2023 | finance.yahoo.com

Metropolitan Bank Holding Corp. (MCB) Lags Q2 Earnings and Revenue Estimates

July 20, 2023 | finance.yahoo.com

Metropolitan Bank Holding Corp. Reports Second Quarter 2023 Results

July 19, 2023 | benzinga.com

Preview: Metropolitan Bank Holding's Earnings

July 16, 2023 | yahoo.com

‘Crossing their fingers’: KC metro businesses close for power outages; hope to open soon

July 6, 2023 | finance.yahoo.com

Metropolitan Bank Holding Corp. Announces Second Quarter 2023 Earnings Release and Conference Call Date

June 26, 2023 | seekingalpha.com

Metropolitan Bank: Well Capitalized And Undervalued

June 6, 2023 | finance.yahoo.com

International Merchant Bank Limited secures from Metropolitan Commercial Bank of New York, USA a Correspondent Banking Relationship

June 1, 2023 | finance.yahoo.com

Metropolitan Bank Holding (NYSE:MCB) shareholders have endured a 62% loss from investing in the stock a year ago

May 17, 2023 | msn.com

Western Alliance Leads Bank Stocks Higher after Deposit Increase

May 17, 2023 | finance.yahoo.com

Metropolitan Commercial Bank Furthers its Reach in the Title and Escrow Deposit Vertical

May 16, 2023 | finance.yahoo.com

Do Options Traders Know Something About Metropolitan Bank (MCB) Stock We Don't?

May 11, 2023 | benzinga.com

Looking At Metropolitan Bank Holding's Recent Unusual Options Activity

May 11, 2023 | finance.yahoo.com

Short Seller Marc Cohodes Considers Betting Against US Regional Banks

See More Headlines

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MCB Company Calendar

Last Earnings: 7/20/2023
Today: 9/29/2023
Next Earnings (Estimated): 10/19/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: State commercial banks
Sub-Industry: N/A
Sector: Finance
Current Symbol: NYSE:MCB
CUSIP: N/A
CIK: 1476034
Web: www.metropolitanbankny.com
Phone: (212) 659-0600
Fax: N/A
Employees: 239
Year Founded: 1999

Price Target and Rating

Average Stock Price Forecast: $58.33
High Stock Price Forecast: $65.00
Low Stock Price Forecast: $50.00
Forecasted Upside/Downside: +66.5%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): $5.14
Trailing P/E Ratio: 6.82
Forward P/E Ratio: 4.83
P/E Growth: N/A
Net Income: $59.28 million
Net Margins: 16.54%
Pretax Margin: 27.42%
Return on Equity: 15.56%
Return on Assets: 1.46%

Debt

Debt-to-Equity Ratio: 0.33
Current Ratio: 0.97
Quick Ratio: 0.97

Sales & Book Value

Annual Sales: $287.33 million
Price / Sales: 1.35
Cash Flow: $9.34 per share
Price / Cash Flow: 3.75
Book Value: $52.68 per share
Price / Book: 0.66

Miscellaneous

Outstanding Shares: 11,060,000
Free Float: 10,233,000
Market Cap: $387.43 million
Optionable: Not Optionable
Beta: 1.16

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Key Executives

Mr. Mark R. DeFazio (Age 60)
Pres, CEO & Director
Comp: $1.51M

Mr. Gregory A. Sigrist CPA (Age 55)
Exec. VP & CFO
Comp: $502.79k

Mr. Scott Lublin (Age 56)
Exec. VP & Chief Lending Officer
Comp: $660.32k

Ms. Dixiana M. Berrios (Age 50)
Exec. VP & COO

Mr. Michael A. Guarino (Age 70)
Exec. VP & Gen. Counsel

Mr. Ram Puppala (Age 53)
Sr. VP & Chief Digital Officer

Mr. Norman Scott (Age 52)
Sr. VP & Chief Credit Officer

Michele M. Weber
Corp. Sec.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

MCB Stock - Frequently Asked Questions

Should I buy or sell Metropolitan Bank stock right now?: 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Metropolitan Bank in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MCB shares.
View MCB analyst ratings or view top-rated stocks.
What is Metropolitan Bank's stock price forecast for 2023?: 3 Wall Street analysts have issued twelve-month target prices for Metropolitan Bank's stock. Their MCB share price forecasts range from $50.00 to $65.00. On average, they expect the company's stock price to reach $58.33 in the next year. This suggests a possible upside of 66.5% from the stock's current price.
View analysts price targets for MCB or view top-rated stocks among Wall Street analysts.
How have MCB shares performed in 2023?: Metropolitan Bank's stock was trading at $58.67 at the start of the year. Since then, MCB stock has decreased by 40.3% and is now trading at $35.03.
View the best growth stocks for 2023 here.
When is Metropolitan Bank's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, October 19th 2023.
View our MCB earnings forecast.
How were Metropolitan Bank's earnings last quarter?: Metropolitan Bank Holding Corp. (NYSE:MCB) announced its quarterly earnings results on Thursday, July, 20th. The company reported $1.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.77 by $0.40. The firm had revenue of $61.61 million for the quarter, compared to analysts' expectations of $62.98 million. Metropolitan Bank had a trailing twelve-month return on equity of 15.56% and a net margin of 16.54%.
What ETFs hold Metropolitan Bank's stock?: ETFs with the largest weight of Metropolitan Bank (NYSE:MCB) stock in their portfolio include Global X MSCI Pakistan ETF (PAK) and Invesco Dorsey Wright Financial Momentum ETF (PFI).IQ Chaikin U.S. Small Cap ETF (CSML).

What other stocks do shareholders of Metropolitan Bank own?: Based on aggregate information from My MarketBeat watchlists, some companies that other 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), BCE (BCE), Coca-Cola Europacific Partners (CCEP), Cognex (CGNX) and Church & Dwight (CHD).
When did Metropolitan Bank IPO?: (MCB) raised $101 million in an IPO 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.
What is Metropolitan Bank's stock symbol?: Metropolitan Bank trades on the New York Stock Exchange (NYSE) under the ticker symbol "MCB."
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Metropolitan Bank's stock price today?: One share of MCB stock can currently be purchased for approximately $35.03.
How much money does Metropolitan Bank make?: Metropolitan Bank (NYSE:MCB) has a market capitalization of $387.43 million and generates $287.33 million in revenue each year. The company earns $59.28 million in net income (profit) each year or $5.14 on an earnings per share basis.
How many employees does Metropolitan Bank have?: The company employs 239 workers across the globe.
How can I contact Metropolitan Bank?: Metropolitan Bank's mailing address is 99 PARK AVENUE, NEW YORK NY, 10016. The official website for the company is www.metropolitanbankny.com. The company can be reached via phone at (212) 659-0600 or via email at ir@metropolitanbankny.com.

This page (NYSE:MCB) was last updated on 9/29/2023 by MarketBeat.com Staff

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