Metropolitan Bank (NYSE:MCB) Announces Quarterly Earnings Results, Beats Expectations By $0.13 EPS

Metropolitan Bank (NYSE:MCB) released its earnings results on Tuesday. The company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.13, MarketWatch Earnings reports. Metropolitan Bank had a net margin of 22.33% and a return on equity of 11.35%.

Metropolitan Bank stock traded up $5.26 during mid-day trading on Thursday, hitting $58.12. The company’s stock had a trading volume of 2,931 shares, compared to its average volume of 62,946. The company has a market cap of $485.01 million, a PE ratio of 13.93 and a beta of 1.27. 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 firm’s 50 day moving average is $51.98 and its 200 day moving average is $40.67. Metropolitan Bank has a 52-week low of $20.07 and a 52-week high of $55.19.

MCB has been the subject of several analyst reports. TheStreet upgraded Metropolitan Bank from a “c+” rating to a “b-” rating in a research note on Thursday, February 25th. Zacks Investment Research lowered Metropolitan Bank from a “buy” rating to a “sell” rating in a research note on Wednesday, April 7th.

In other news, Director Harvey Gutman sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, March 15th. The stock was sold at an average price of $52.10, for a total transaction of $52,100.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Mark R. Defazio sold 4,626 shares of Metropolitan Bank stock in a transaction that occurred on Friday, February 12th. The shares were sold at an average price of $50.43, for a total value of $233,289.18. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,294 shares of company stock valued at $783,685. 15.90% of the stock is owned by corporate insiders.

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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