NYSE:MCBMetropolitan Bank Stock Price, Forecast & News

Metropolitan Bank's stock was trading at $34.99 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, MCB shares have decreased by 11.1% and is now trading at $31.12.
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2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Metropolitan Bank in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Metropolitan Bank is scheduled to release its next quarterly earnings announcement on Wednesday, October 28th 2020.
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Metropolitan Bank Holding Corp (NYSE:MCB) released its quarterly earnings data on Wednesday, July, 22nd. The company reported $1.29 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.79 by $0.50. The firm had revenue of $35.81 million for the quarter, compared to analyst estimates of $33.72 million. Metropolitan Bank had a return on equity of 10.68% and a net margin of 20.57%.
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2 equities research analysts have issued twelve-month price objectives for Metropolitan Bank's shares. Their forecasts range from $28.50 to $40.00. On average, they anticipate Metropolitan Bank's share price to reach $34.25 in the next twelve months. This suggests a possible upside of 10.1% from the stock's current price.
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News coverage about MCB stock has trended somewhat negative this week, according to InfoTrie. The research firm identifies negative and positive media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Metropolitan Bank earned a news sentiment score of -1.5 on InfoTrie's scale. They also gave news articles about the company a news buzz of 7.0 out of 10, meaning that recent media coverage is likely to have an impact on the company's share price in the next few days.
View the latest news about Metropolitan Bank.

Metropolitan Bank saw a increase in short interest in June. As of June 30th, there was short interest totaling 74,900 shares, an increase of 94.5% from the June 15th total of 38,500 shares. Based on an average daily trading volume, of 33,500 shares, the short-interest ratio is presently 2.2 days. Approximately 1.0% of the company's shares are sold short.
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Some companies that are related to Metropolitan Bank include Eagle Bancorp (EGBN), First Busey (BUSE), Southside Bancshares (SBSI), Stock Yards Bancorp (SYBT), Veritex (VBTX), FB Financial (FBK), 1st Source (SRCE), TriCo Bancshares (TCBK), S & T Bancorp (STBA), Enterprise Financial Services (EFSC), Oritani Financial (ORIT), Great Western Bancorp (GWB), German American Bancorp. (GABC), Live Oak Bancshares (LOB) and First Foundation (FFWM).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Metropolitan Bank investors own include Chesapeake Energy (CHKAQ), Chesapeake Energy (CHKAQ), Enbridge (ENB), NVIDIA (NVDA), Omega Healthcare Investors (OHI), Royal Bank of Canada (RY), Southern (SO), Wells Fargo & Co (WFC), Preferred Apartment Communities (APTS) and Alibaba Group (BABA).

(MCB) raised $101 million in an initial public offering (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) acted as the underwriters for the IPO and Piper Jaffray was co-manager.

Metropolitan Bank trades on the New York Stock Exchange (NYSE) under the ticker symbol "MCB."

Metropolitan Bank's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Pacific Ridge Capital Partners LLC (2.26%), Banc Funds Co. LLC (2.12%), Mackay Shields LLC (0.61%), BHZ Capital Management LP (0.57%), Prudential Financial Inc. (0.52%) and State of Wisconsin Investment Board (0.46%). Company insiders that own Metropolitan Bank stock include David M Gavrin, Gerard A Perri, Harvey Gutman, Mark R Defazio and Michael A Guarino.
View institutional ownership trends for Metropolitan Bank.

MCB stock was sold by a variety of institutional investors in the last quarter, including Banc Funds Co. LLC, UBS Group AG, Bank of New York Mellon Corp, ClariVest Asset Management LLC, and BHZ Capital Management LP. Company insiders that have sold Metropolitan Bank company stock in the last year include Mark R Defazio, and Michael A Guarino.
View insider buying and selling activity for Metropolitan Bank.

MCB stock was bought by a variety of institutional investors in the last quarter, including Pacific Ridge Capital Partners LLC, Bank of Montreal Can, State of Wisconsin Investment Board, SG Americas Securities LLC, California Public Employees Retirement System, Goldman Sachs Group Inc., Mackay Shields LLC, and Prudential Financial Inc.. Company insiders that have bought Metropolitan Bank stock in the last two years include David M Gavrin, Gerard A Perri, and Harvey Gutman.
View insider buying and selling activity for Metropolitan Bank.

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

One share of MCB stock can currently be purchased for approximately $31.12.

Metropolitan Bank has a market capitalization of $258.11 million and generates $140.41 million in revenue each year. The company earns $29.69 million in net income (profit) each year or $3.56 on an earnings per share basis.

The official website for Metropolitan Bank is www.metropolitanbankny.com.

Metropolitan Bank's mailing address is 99 PARK AVENUE, NEW YORK NY, 10016. The company can be reached via phone at 212-659-0600 or via email at [email protected]