Metropolitan Bank Stock Forecast, Price & News

Metropolitan Bank's stock was trading at $34.99 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, MCB shares have decreased by 22.2% and is now trading at $27.21.
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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."
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Metropolitan Bank is scheduled to release its next quarterly earnings announcement on Wednesday, October 28th 2020.
View our earnings forecast for Metropolitan Bank.

Metropolitan Bank Holding Corp (NYSE:MCB) posted its quarterly earnings data on Wednesday, July, 22nd. The company reported $1.29 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.79 by $0.50. The firm had revenue of $35.81 million for the quarter, compared to the consensus estimate of $33.72 million. Metropolitan Bank had a return on equity of 10.68% and a net margin of 20.57%.
View Metropolitan Bank's earnings history.

2 brokerages have issued twelve-month price objectives for Metropolitan Bank's stock. Their forecasts range from $28.50 to $40.00. On average, they anticipate Metropolitan Bank's stock price to reach $34.25 in the next year. This suggests a possible upside of 25.9% from the stock's current price.
View analysts' price targets for Metropolitan Bank.

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

(MCB) raised $101 million in an initial public offering 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."

Metropolitan Bank's stock is owned by many different retail and institutional investors. Top institutional shareholders include Pacific Ridge Capital Partners LLC (2.26%), Banc Funds Co. LLC (2.12%), Patriot Financial Partners GP LP (1.58%), Mackay Shields LLC (0.61%), Nuveen Asset Management LLC (0.58%) and Bridgeway Capital Management Inc. (0.58%). 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.

MCB stock was sold by a variety of institutional investors in the last quarter, including Banc Funds Co. LLC, UBS Group AG, Bank of New York Mellon Corp, ClariVest Asset Management LLC, and BHZ Capital Management LP. 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.

MCB stock was purchased by a variety of institutional investors in the last quarter, including Patriot Financial Partners GP LP, Pacific Ridge Capital Partners LLC, Bridgeway Capital Management Inc., Bank of Montreal Can, Jacobs Levy Equity Management Inc., State of Wisconsin Investment Board, SG Americas Securities LLC, and California Public Employees Retirement System. 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.

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 $27.21.

Metropolitan Bank has a market capitalization of $225.68 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]