Metropolitan Bank (MCB) Scheduled to Post Earnings on Tuesday

Metropolitan Bank (NYSE:MCB) is set to post its quarterly earnings results after the market closes on Tuesday, April 16th. Analysts expect Metropolitan Bank to post earnings of $1.29 per share for the quarter.

Metropolitan Bank (NYSE:MCB) last announced its quarterly earnings data on Thursday, January 18th. The company reported $1.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.23). Metropolitan Bank had a net margin of 19.16% and a return on equity of 12.25%. The company had revenue of $63.56 million for the quarter, compared to the consensus estimate of $60.96 million. On average, analysts expect Metropolitan Bank to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Metropolitan Bank Stock Down 1.5 %

Shares of NYSE:MCB opened at $34.47 on Monday. The stock’s 50-day moving average price is $39.36 and its 200-day moving average price is $41.24. Metropolitan Bank has a 12-month low of $15.75 and a 12-month high of $57.15. The stock has a market capitalization of $382.27 million, a P/E ratio of 5.02 and a beta of 1.18. The company has a current ratio of 1.01, a quick ratio of 1.02 and a debt-to-equity ratio of 0.68.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on MCB shares. Keefe, Bruyette & Woods reduced their price objective on Metropolitan Bank from $73.00 to $66.00 and set an “outperform” rating on the stock in a research note on Monday, January 22nd. JPMorgan Chase & Co. reduced their price objective on Metropolitan Bank from $55.00 to $50.00 and set an “overweight” rating on the stock in a research note on Thursday, April 4th.

Institutional Trading of Metropolitan Bank

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Metropolitan Bank by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 601,497 shares of the company’s stock worth $33,311,000 after purchasing an additional 9,244 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in Metropolitan Bank during the 4th quarter valued at approximately $717,000. Legal & General Group Plc boosted its position in Metropolitan Bank by 25.7% during the 4th quarter. Legal & General Group Plc now owns 11,126 shares of the company’s stock valued at $616,000 after acquiring an additional 2,276 shares in the last quarter. Voya Investment Management LLC bought a new stake in Metropolitan Bank during the 4th quarter valued at approximately $238,000. Finally, Nuveen Asset Management LLC boosted its position in Metropolitan Bank by 2.8% during the 4th quarter. Nuveen Asset Management LLC now owns 174,336 shares of the company’s stock valued at $9,655,000 after acquiring an additional 4,792 shares in the last quarter. 79.83% of the stock is owned by institutional investors.

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.