NYSE:MCBMetropolitan Bank Stock Price, Forecast & News

$28.51

-0.14 (-0.49 %)

(As of 05/29/2020 04:00 PM ET)

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Today's Range

$27.93

Now: $28.51▼

$29.63

50-Day Range

$21.18

MA: $24.24▼

$29.29

52-Week Range

$15.52

Now: $28.51▼

$51.09

Volume34,200 shs

Average Volume27,965 shs

Market Capitalization$236.49 million

P/E Ratio8.75

Dividend YieldN/A

Beta1.36

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.

Beat the Market (BTM) Rank^™

1.5 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 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $28.50, Metropolitan Bank has a potential downside of 0.0% from its current price of $28.51.
Amount of Analyst Coverage
Metropolitan Bank has only been the subject of 1 research reports in the past 90 days.

2.7 Community Rank

Outperform Votes
Metropolitan Bank has received 165 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Metropolitan Bank has received 140 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Metropolitan Bank has received 54.10% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Metropolitan Bank and other stocks. Vote “Outperform” if you believe MCB will outperform the S&P 500 over the long term. Vote “Underperform” if you believe MCB will underperform the S&P 500 over the long term. You may vote once every thirty days.

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.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Metropolitan Bank insiders have bought more of their company's stock than they have sold. Specifically, they have bought $61,686.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 15.90% of the stock of Metropolitan Bank is held by insiders.
Percentage Held by Institutions
48.02% of the stock of Metropolitan Bank is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5 Earnings and Valuation

Earnings Growth
Earnings for Metropolitan Bank are expected to grow by 4.44% in the coming year, from $3.83 to $4.00 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Metropolitan Bank is 8.75, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 15.40.
Price to Earnings Ratio vs. Sector
The P/E ratio of Metropolitan Bank is 8.75, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 19.09.
Price to Book Value per Share Ratio
Metropolitan Bank has a P/B Ratio of 0.77. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.14 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry State commercial banks

Sub-IndustryN/A

SectorFinance

Current SymbolNYSE:MCB

Previous Symbol

CUSIPN/A

CIK1476034

Webwww.metropolitanbankny.com

Phone212-659-0600

Debt

Debt-to-Equity Ratio0.68

Current Ratio1.10

Quick Ratio1.10

Price-To-Earnings

Trailing P/E Ratio8.75

Forward P/E Ratio7.44

P/E GrowthN/A

Sales & Book Value

Annual Sales$140.41 million

Price / Sales1.68

Cash Flow$3.87 per share

Price / Cash Flow7.37

Book Value$37.20 per share

Price / Book0.77

Profitability

EPS (Most Recent Fiscal Year)$3.56

Net Income$29.69 million

Net Margins18.29%

Return on Equity9.39%

Return on Assets0.84%

Miscellaneous

EmployeesN/A

Outstanding Shares8,295,000

Market Cap$236.49 million

Next Earnings Date7/22/2020 (Estimated)

OptionableNot Optionable

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Metropolitan Bank (NYSE:MCB) Frequently Asked Questions

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

Metropolitan Bank's stock was trading at $34.99 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, MCB shares have decreased by 18.5% and is now trading at $28.51. View which stocks have been most impacted by Coronavirus.

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

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.

When is Metropolitan Bank's next earnings date?

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

How were Metropolitan Bank's earnings last quarter?

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

What price target have analysts set for MCB?

1 equities research analysts have issued 12 month target prices for Metropolitan Bank's shares. Their forecasts range from $28.50 to $28.50. On average, they expect Metropolitan Bank's stock price to reach $28.50 in the next year. This suggests that the stock has a possible downside of 0.0%. View analysts' price targets for Metropolitan Bank.

Has Metropolitan Bank been receiving favorable news coverage?

Press coverage about MCB stock has trended very negative recently, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Metropolitan Bank earned a news sentiment score of -3.0 on InfoTrie's scale. They also gave news stories about the company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock's share price in the immediate future. View the latest news aboutMetropolitan Bank.

Are investors shorting Metropolitan Bank?

Metropolitan Bank saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 42,000 shares, an increase of 43.3% from the April 15th total of 29,300 shares. Based on an average daily trading volume, of 28,200 shares, the days-to-cover ratio is currently 1.5 days. Approximately 0.6% of the company's shares are short sold. View Metropolitan Bank's Current Options Chain.

Who are some of Metropolitan Bank's key competitors?

Some companies that are related to Metropolitan Bank include Veritex (VBTX), 1st Source (SRCE), TriCo Bancshares (TCBK), German American Bancorp. (GABC), Great Western Bancorp (GWB), Oritani Financial (ORIT), Enterprise Financial Services (EFSC), Carolina Financial (CARO), FB Financial (FBK), Stock Yards Bancorp (SYBT), First Bancorp (FBNC), Republic Bancorp, Inc. KY (RBCAA), First Foundation (FFWM), OFG Bancorp (OFG) and TrustCo Bank Corp NY (TRST). View all 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 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).

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) 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."

Who are Metropolitan Bank's major shareholders?

Metropolitan Bank's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (5.60%), Basswood Capital Management L.L.C. (4.71%), Franklin Resources Inc. (4.43%), Emerald Mutual Fund Advisers Trust (2.51%), Geode Capital Management LLC (1.17%) and Acadian Asset Management LLC (0.86%). Company insiders that own Metropolitan Bank stock include Anthony J Fabiano, 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 Basswood Capital Management L.L.C., Emerald Mutual Fund Advisers Trust, Two Sigma Investments LP, Morgan Stanley, UBS Group AG, Mackay Shields LLC, First Trust Advisors LP, and Deutsche Bank AG. 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 purchased by a variety of institutional investors in the last quarter, including Parametric Portfolio Associates LLC, Hillsdale Investment Management Inc., Matarin Capital Management LLC, JPMorgan Chase & Co., Acadian Asset Management LLC, Geode Capital Management LLC, Alliancebernstein L.P., and Russell Investments Group Ltd.. Company insiders that have bought Metropolitan Bank stock in the last two years include Anthony J Fabiano, 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 $28.51.

How big of a company is Metropolitan Bank?

Metropolitan Bank has a market capitalization of $236.49 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 5/29/2020 by MarketBeat.com Staff