NYSE:MCBMetropolitan Bank Stock Price, Forecast & News

Metropolitan Bank's stock was trading at $34.99 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, MCB shares have decreased by 17.5% and is now trading at $28.88. 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 quarterly earnings data on Monday, April, 20th. The company reported $0.47 EPS for the quarter, missing the Zacks' consensus estimate of $0.72 by $0.25. The company earned $33.31 million during the quarter, compared to analyst estimates 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 analysts have issued 12-month 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 1.3%. View analysts' price targets for Metropolitan Bank.

News articles about MCB stock have been trending somewhat positive this week, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Metropolitan Bank earned a media sentiment score of 1.8 on InfoTrie's scale. They also assigned news headlines about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View the latest news about Metropolitan Bank.

Metropolitan Bank saw a decline in short interest in 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 trading volume, of 34,000 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.5% of the shares of the company are short sold. View Metropolitan Bank's Current Options Chain.

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

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 $28.88.

Metropolitan Bank has a market capitalization of $239.42 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]