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 15.7% and is now trading at $29.49. View which stocks have been most impacted by Coronavirus.

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Metropolitan Bank in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Metropolitan Bank.

Metropolitan Bank is scheduled to release its next quarterly earnings announcement on Wednesday, July 22nd 2020. View our earnings forecast for Metropolitan Bank.

Metropolitan Bank Holding Corp (NYSE:MCB) released its earnings results on Monday, April, 20th. The company reported $0.47 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.72 by $0.25. The company had revenue of $33.31 million for the quarter, compared to analysts' expectations of $31.34 million. Metropolitan Bank had a net margin of 18.29% and a return on equity of 9.39%. View Metropolitan Bank's earnings history.

1 brokers have issued 1-year target prices for Metropolitan Bank's shares. Their forecasts range from $28.50 to $28.50. On average, they anticipate Metropolitan Bank's stock price to reach $28.50 in the next twelve months. This suggests that the stock has a possible downside of 3.4%. View analysts' price targets for Metropolitan Bank.

News articles about MCB stock have been trending somewhat positive recently, InfoTrie Sentiment reports. The research group rates the sentiment of news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Metropolitan Bank earned a news impact score of 1.2 on InfoTrie's scale. They also assigned media headlines about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the near future. View the latest news about Metropolitan Bank.

Metropolitan Bank saw a decline in short interest during the month of June. As of June 30th, there was short interest totaling 38,500 shares, a decline of 24.5% from the June 15th total of 51,000 shares. Based on an average daily volume of 34,000 shares, the short-interest ratio is presently 1.1 days. Currently, 0.5% of the company's shares are short sold. View Metropolitan Bank's Current Options Chain.

Some companies that are related to Metropolitan Bank include Eagle Bancorp (EGBN), First Busey (BUSE), 1st Source (SRCE), S & T Bancorp (STBA), Southside Bancshares (SBSI), Oritani Financial (ORIT), TriCo Bancshares (TCBK), Veritex (VBTX), Stock Yards Bancorp (SYBT), German American Bancorp. (GABC), Enterprise Financial Services (EFSC), FB Financial (FBK), Great Western Bancorp (GWB), First Foundation (FFWM) and OFG Bancorp (OFG). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Metropolitan Bank investors own include Enbridge (ENB), NVIDIA (NVDA), Omega Healthcare Investors (OHI), Southern (SO), Wells Fargo & Co (WFC), Alibaba Group (BABA), Church & Dwight (CHD), Delta Air Lines (DAL), Brinker International (EAT) and Enterprise Products Partners (EPD).

(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.

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

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 $29.49.

Metropolitan Bank has a market capitalization of $244.47 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]