Metropolitan Bank - MCB Stock Forecast, Price & News

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Metropolitan Bank in the last twelve months. 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 Wall Street research analysts have issued 12 month price targets for Metropolitan Bank's stock. Their MCB share price forecasts range from $63.00 to $63.00. On average, they anticipate the company's stock price to reach $63.00 in the next twelve months. This suggests a possible upside of 79.9% from the stock's current price.
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Metropolitan Bank's stock was trading at $58.67 at the beginning of the year. Since then, MCB shares have decreased by 40.3% and is now trading at $35.02.
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Metropolitan Bank saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 555,800 shares, an increase of 65.3% from the February 28th total of 336,300 shares. Based on an average daily trading volume, of 191,900 shares, the days-to-cover ratio is presently 2.9 days.
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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) released its quarterly earnings data on Friday, January, 20th. The company reported $2.43 EPS for the quarter, beating analysts' consensus estimates of $2.25 by $0.18. The firm had revenue of $70.25 million for the quarter, compared to the consensus estimate of $69.29 million. Metropolitan Bank had a net margin of 20.68% and a trailing twelve-month return on equity of 16.48%.

ETFs with the largest weight of Metropolitan Bank (NYSE:MCB) stock in their portfolio include SPDR S&P Regional Banking ETF (KRE), iShares MSCI Frontier and Select EM ETF (FM), Direxion Daily Regional Banks Bull 3x Shares (DPST) and Janus Henderson Small Cap Growth Alpha ETF (JSML).

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 $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.

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 retail and institutional investors. Top institutional investors include Macquarie Group Ltd. (6.96%), T. Rowe Price Investment Management Inc. (5.99%), Dimensional Fund Advisors LP (3.31%), M3F Inc. (2.19%), Banc Funds Co. LLC (1.82%) and Geode Capital Management LLC (1.80%). Insiders that own company stock include David J Gold, Gerard A Perri, Greg Sigrist, Harvey Gutman, Maria F Ramirez, 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 $35.02.

Metropolitan Bank (NYSE:MCB) has a market capitalization of $383.82 million and generates $287.33 million in revenue each year. The company earns $59.28 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.