Metropolitan Bank (NYSE:MCB) Posts Earnings Results, Beats Estimates By $0.22 EPS

Metropolitan Bank (NYSE:MCB) announced its quarterly earnings data on Wednesday. The company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.22, MarketWatch Earnings reports. Metropolitan Bank had a return on equity of 11.35% and a net margin of 22.33%.

Shares of MCB stock opened at $39.50 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.06 and a quick ratio of 1.06. The business has a 50-day moving average of $36.48 and a 200 day moving average of $31.95. The stock has a market capitalization of $327.49 million, a PE ratio of 9.38 and a beta of 1.27. Metropolitan Bank has a 1-year low of $15.52 and a 1-year high of $51.09.

MCB has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Metropolitan Bank from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a report on Tuesday, January 5th. TheStreet upgraded Metropolitan Bank from a “d+” rating to a “c-” rating in a research note on Friday, October 9th. Finally, JPMorgan Chase & Co. upped their price target on Metropolitan Bank from $36.00 to $50.00 in a research report on Tuesday, December 15th.

Metropolitan Bank Company Profile

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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Earnings History for Metropolitan Bank (NYSE:MCB)

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