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NYSE:MCBMetropolitan Bank Stock Price, Forecast & News

$31.12
-0.47 (-1.49 %)
(As of 08/14/2020 04:00 PM ET)
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Today's Range
$30.85
Now: $31.12
$31.54
50-Day Range
$27.97
MA: $30.11
$32.60
52-Week Range
$15.52
Now: $31.12
$51.09
Volume5,327 shs
Average Volume26,222 shs
Market Capitalization$258.11 million
P/E Ratio8.10
Dividend YieldN/A
Beta1.33
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. It offers checking, savings, term deposit, and money market accounts, as well as certificates of deposit. The company also provides lending products, including commercial, construction, multifamily, and one-to four-family real estate loans; commercial and industrial loans; trade finance and letters of credit, term loans, and working capital lines of credit; commercial mortgages; and consumer loans. In addition, it offers cash management solutions, such as wire transfers, ACH, and foreign exchange conversion, as well as online and mobile banking, ACH, remote deposit capture, and debit card services. The company was founded in 1999 and is headquartered in New York, New York.
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Metropolitan Bank logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.5Community Rank: 2.7Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.62 out of 5 stars


Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryN/A
SectorFinance
CUSIPN/A
Phone212-659-0600

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$140.41 million
Cash Flow$3.84 per share
Book Value$35.95 per share

Profitability

Net Income$29.69 million

Miscellaneous

EmployeesN/A
Market Cap$258.11 million
Next Earnings Date10/28/2020 (Estimated)
OptionableNot Optionable
$31.12
-0.47 (-1.49 %)
(As of 08/14/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Metropolitan Bank (NYSE:MCB) Frequently Asked Questions

How has Metropolitan Bank's stock price been impacted by COVID-19 (Coronavirus)?

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.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Metropolitan Bank?

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."
View analyst ratings for Metropolitan Bank
.

When is Metropolitan Bank's next earnings date?

Metropolitan Bank is scheduled to release its next quarterly earnings announcement on Wednesday, October 28th 2020.
View our earnings forecast for Metropolitan Bank
.

How were Metropolitan Bank's earnings last quarter?

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%.
View Metropolitan Bank's earnings history
.

What price target have analysts set for MCB?

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.
View analysts' price targets for Metropolitan Bank
.

Has Metropolitan Bank been receiving favorable news coverage?

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
.

Are investors shorting 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.
View Metropolitan Bank's Short Interest
.

Who are some of Metropolitan Bank's key competitors?

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 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).

Who are Metropolitan Bank's key executives?

Metropolitan Bank's management team includes the following people:
  • Mr. Mark R. DeFazio, Pres, CEO & Director (Age 56)
  • Mr. Nick R. Rosenberg, Exec. VP & Head of Global Payments (Age 47)
  • Mr. Anthony J. Fabiano, Exec. VP & CFO (Age 59)
  • Mr. Gerard Albert Perri, Exec. VP & COO (Age 63)
  • Mr. Daniel Wong, VP, Controller & Principal Accounting Officer (Age 57)

When did Metropolitan Bank IPO?

(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.

What is Metropolitan Bank's stock symbol?

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

Who are Metropolitan Bank's major shareholders?

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
.

Which major investors are selling Metropolitan Bank stock?

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
.

Which major investors are buying Metropolitan Bank stock?

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
.

How do I buy shares of 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.

What is Metropolitan Bank's stock price today?

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

How big of a company is Metropolitan Bank?

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.

What is Metropolitan Bank's official website?

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

How can I contact Metropolitan Bank?

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]

This page was last updated on 8/15/2020 by MarketBeat.com Staff

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