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NYSE:MCB

Metropolitan Bank Stock Forecast, Price & News

$29.95
+0.67 (+2.29 %)
(As of 10/30/2020 12:00 AM ET)
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Today's Range
$28.72
Now: $29.95▼
$30.37
50-Day Range
$25.92
MA: $29.51▼
$31.50
52-Week Range
$15.52
Now: $29.95▼
$51.09
Volume18,233 shs
Average Volume22,737 shs
Market Capitalization$248.41 million
P/E Ratio7.80
Dividend YieldN/A
Beta1.32
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. The company offers checking, savings, term deposit, and money market accounts, as well as certificates of deposit. It 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, the company 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. As of April 20, 2020, it operated six locations in Manhattan and Brooklyn, as well as Great Neck, Long Island. The company was founded in 1999 and is headquartered in New York, New York.
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Metropolitan Bank logo

Beat the Market (BTM) Rank™

Analyst Opinion: 2.5Community Rank: 2.7Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

1.62 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
Employees170

Debt

Debt-to-Equity Ratio0.54
Current Ratio1.09
Quick Ratio1.09

Price-To-Earnings

Trailing P/E Ratio7.80
Forward P/E Ratio6.95
P/E GrowthN/A

Sales & Book Value

Annual Sales$140.41 million
Price / Sales1.77
Cash Flow$3.90 per share
Price / Cash Flow7.68
Book Value$35.95 per share
Price / Book0.83

Profitability

EPS (Most Recent Fiscal Year)$3.56
Net Income$29.69 million
Net Margins20.57%
Return on Equity10.68%
Return on Assets0.92%

Miscellaneous

Outstanding Shares8,294,000
Market Cap$248.41 million
Next Earnings Date1/27/2021 (Estimated)
OptionableNot Optionable
$29.95
+0.67 (+2.29 %)
(As of 10/30/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Metropolitan Bank (NYSE:MCB) Frequently Asked Questions

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

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 14.4% and is now trading at $29.95.
View which stocks have been most impacted by COVID-19.

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

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Metropolitan Bank in the last year. There are currently 2 buy ratings 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, January 27th 2021.
View our earnings forecast for Metropolitan Bank.

How were Metropolitan Bank's earnings last quarter?

Metropolitan Bank Holding Corp. (NYSE:MCB) posted its quarterly earnings data on Wednesday, October, 21st. The company reported $1.27 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.98 by $0.29. Metropolitan Bank had a net margin of 20.57% and a return on equity of 10.68%.
View Metropolitan Bank's earnings history.

What price target have analysts set for MCB?

2 brokers have issued 1 year price objectives for Metropolitan Bank's stock. Their forecasts range from $28.50 to $40.00. On average, they expect Metropolitan Bank's stock price to reach $34.25 in the next twelve months. This suggests a possible upside of 14.4% from the stock's current price.
View analysts' price targets for Metropolitan Bank.

Are investors shorting Metropolitan Bank?

Metropolitan Bank saw a increase in short interest in October. As of October 15th, there was short interest totaling 63,200 shares, an increase of 14.9% from the September 30th total of 55,000 shares. Based on an average daily trading volume, of 12,400 shares, the short-interest ratio is presently 5.1 days. Approximately 0.8% of the company's stock are sold short.
View Metropolitan Bank's Short Interest.

Who are some of Metropolitan Bank's key competitors?

Some companies that are related to Metropolitan Bank include First Busey (BUSE), Veritex (VBTX), Eagle Bancorp (EGBN), FB Financial (FBK), Southside Bancshares (SBSI), Stock Yards Bancorp (SYBT), TriCo Bancshares (TCBK), 1st Source (SRCE), Tompkins Financial (TMP), Tompkins Financial (TMP), German American Bancorp (GABC), S&T Bancorp (STBA), Enterprise Financial Services (EFSC), OFG Bancorp (OFG) and Great Western Bancorp (GWB).
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), Omega Healthcare Investors (OHI), Royal Bank of Canada (RY), Southern (SO), Wells Fargo & Company (WFC), Preferred Apartment Communities (APTS), BCE (BCE), Coca-Cola European Partners (CCEP), Cognex (CGNX) and Church & Dwight (CHD).

Who are Metropolitan Bank's key executives?

Metropolitan Bank's management team includes the following people:
  • Mr. Mark R. DeFazio, Pres, CEO & Director (Age 57, Pay $1.26M)
  • Mr. Nick R. Rosenberg, Exec. VP & Head of Global Payments (Age 48, Pay $622.71k)
  • Mr. Gregory A. Sigrist CPA, Exec. VP & CFO (Age 52)
  • Ms. Dixiana M. Berrios, Exec. VP & COO (Age 48)
  • Mr. Daniel Wong, VP, Controller & Principal Accounting Officer (Age 59)

When did Metropolitan Bank IPO?

(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.

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 BNP Paribas Arbitrage SA (0.02%). Company insiders that own Metropolitan Bank stock include 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 buying Metropolitan Bank stock?

MCB stock was acquired by a variety of institutional investors in the last quarter, including BNP Paribas Arbitrage SA. Company insiders that have bought Metropolitan Bank stock in the last two years include 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 $29.95.

How big of a company is Metropolitan Bank?

Metropolitan Bank has a market capitalization of $248.41 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. Metropolitan Bank employs 170 workers across the globe.

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 10/31/2020 by MarketBeat.com Staff
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