Metropolitan Bank - MCB Stock Forecast, Price & News

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. The consensus among Wall Street analysts is that investors should "buy" MCB shares.
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1 analysts have issued twelve-month price objectives for Metropolitan Bank's stock. Their MCB share price forecasts range from $63.00 to $63.00. On average, they expect the company's share price to reach $63.00 in the next year. This suggests a possible upside of 9.3% from the stock's current price.
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Metropolitan Bank's stock was trading at $58.67 at the beginning of 2023. Since then, MCB stock has decreased by 1.8% and is now trading at $57.63.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 20th 2023.
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Metropolitan Bank Holding Corp. (NYSE:MCB) issued its quarterly earnings data on Thursday, October, 21st. The company reported $1.77 earnings per share for the quarter, beating analysts' consensus estimates of $1.57 by $0.20. The firm earned $46.68 million during the quarter, compared to analysts' expectations of $44.95 million. Metropolitan Bank had a net margin of 20.68% and a trailing twelve-month return on equity of 16.50%.

Based on aggregate information from My MarketBeat watchlists, some companies that other Metropolitan Bank investors own include Enbridge (ENB), Omega Healthcare Investors (OHI), Royal Bank of Canada (RY), Southern (SO), Wells Fargo & Company (WFC), Preferred Apartment Communities (APTS), BCE (BCE), Coca-Cola Europacific Partners (CCEP), Cognex (CGNX) and Church & Dwight (CHD).

(MCB) raised $101 million in an initial public offering (IPO) on Wednesday, November 8th 2017. The company issued 3,100,000 shares at a price of $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."

Metropolitan Bank's stock is owned by a variety of institutional and retail investors. Top institutional investors include Wedge Capital Management L L P NC (0.78%), Assenagon Asset Management S.A. (0.62%), JCSD Capital LLC (0.56%), Tealwood Asset Management Inc. (0.14%) and Cox Capital Mgt LLC (0.07%). Insiders that own company stock include David J Gold, David M Gavrin, Gerard A Perri, Greg Sigrist, Harvey Gutman, Mark R Defazio, Mark R Defazio, Michele A Peppers, Nick Rosenberg, Robert C Patent and Scott Lublin.
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Shares of MCB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MCB stock can currently be purchased for approximately $57.63.

Metropolitan Bank (NYSE:MCB) has a market capitalization of $629.90 million and generates $287.33 million in revenue each year. The company earns $59.42 million in net income (profit) each year or $5.28 on an earnings per share basis.

The company employs 202 workers across the globe.

Metropolitan Bank's mailing address is 99 PARK AVENUE, NEW YORK NY, 10016. The official website for the company is www.metropolitanbankny.com. The company can be reached via phone at (212) 659-0600 or via email at ir@metropolitanbankny.com.