Wall Street brokerages predict that Metropolitan Bank Holding Corp (NYSE:MCB) will announce earnings of $0.77 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Metropolitan Bank’s earnings. The lowest EPS estimate is $0.75 and the highest is $0.78. Metropolitan Bank posted earnings per share of $0.75 during the same quarter last year, which indicates a positive year-over-year growth rate of 2.7%. The business is scheduled to announce its next earnings report on Wednesday, April 24th.
On average, analysts expect that Metropolitan Bank will report full-year earnings of $3.35 per share for the current fiscal year, with EPS estimates ranging from $3.30 to $3.40. For the next fiscal year, analysts forecast that the business will post earnings of $3.97 per share, with EPS estimates ranging from $3.82 to $4.12. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Metropolitan Bank.
Metropolitan Bank (NYSE:MCB) last released its quarterly earnings results on Thursday, January 24th. The company reported $0.75 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.01). Metropolitan Bank had a net margin of 26.43% and a return on equity of 10.02%. The business had revenue of $21.15 million for the quarter, compared to analyst estimates of $21.03 million.
In other Metropolitan Bank news, insider Mark R. Defazio sold 4,000 shares of the stock in a transaction on Wednesday, January 30th. The stock was sold at an average price of $35.25, for a total value of $141,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Mark R. Defazio sold 2,000 shares of the stock in a transaction on Monday, January 28th. The shares were sold at an average price of $35.49, for a total value of $70,980.00. The disclosure for this sale can be found here. Insiders sold a total of 10,000 shares of company stock worth $352,820 over the last quarter. Corporate insiders own 21.18% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Basswood Capital Management L.L.C. boosted its position in shares of Metropolitan Bank by 25.7% in the 4th quarter. Basswood Capital Management L.L.C. now owns 403,221 shares of the company’s stock worth $12,439,000 after purchasing an additional 82,397 shares during the last quarter. BlackRock Inc. boosted its position in shares of Metropolitan Bank by 2.2% in the 4th quarter. BlackRock Inc. now owns 335,899 shares of the company’s stock worth $10,363,000 after purchasing an additional 7,206 shares during the last quarter. Emerald Mutual Fund Advisers Trust boosted its position in shares of Metropolitan Bank by 10.3% in the 4th quarter. Emerald Mutual Fund Advisers Trust now owns 229,276 shares of the company’s stock worth $7,073,000 after purchasing an additional 21,395 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Metropolitan Bank by 15.5% in the 3rd quarter. Vanguard Group Inc. now owns 216,318 shares of the company’s stock worth $8,895,000 after purchasing an additional 29,023 shares during the last quarter. Finally, Vanguard Group Inc boosted its position in shares of Metropolitan Bank by 15.5% in the 3rd quarter. Vanguard Group Inc now owns 216,318 shares of the company’s stock worth $8,895,000 after purchasing an additional 29,023 shares during the last quarter. Institutional investors and hedge funds own 52.24% of the company’s stock.
MCB stock traded down $0.65 during midday trading on Thursday, reaching $35.30. 677 shares of the company’s stock traded hands, compared to its average volume of 19,176. Metropolitan Bank has a 1-year low of $29.05 and a 1-year high of $55.00. The stock has a market capitalization of $307.95 million, a price-to-earnings ratio of 11.53 and a beta of 1.32. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.25 and a quick ratio of 1.25.
About Metropolitan Bank
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.
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