Metropolitan Bank (NYSE:MCB) Posts Earnings Results, Beats Estimates By $0.14 EPS

Metropolitan Bank (NYSE:MCB) announced its earnings results on Tuesday. The company reported $1.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.41 by $0.14, MarketWatch Earnings reports. Metropolitan Bank had a return on equity of 13.63% and a net margin of 28.01%.

Metropolitan Bank stock traded up $5.58 during mid-day trading on Thursday, reaching $65.73. 281 shares of the company were exchanged, compared to its average volume of 45,254. The firm’s fifty day simple moving average is $62.33. Metropolitan Bank has a 12 month low of $25.51 and a 12 month high of $66.40. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.18. The company has a market cap of $548.19 million, a price-to-earnings ratio of 11.18 and a beta of 1.33.

Separately, Zacks Investment Research lowered Metropolitan Bank from a “hold” rating to a “sell” rating in a research note on Tuesday, June 29th.

In other news, CFO Greg Sigrist acquired 1,600 shares of the business’s stock in a transaction that occurred on Friday, June 18th. The shares were bought at an average price of $61.35 per share, with a total value of $98,160.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Nick Rosenberg sold 1,005 shares of the firm’s stock in a transaction on Wednesday, June 16th. The shares were sold at an average price of $64.15, for a total value of $64,470.75. Company insiders own 15.90% of the company’s stock.

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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