News stories about Metropolitan Bank (NYSE:MCB) have trended somewhat positive on Wednesday, according to Accern. The research group identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Metropolitan Bank earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news articles about the company an impact score of 46.4954618240119 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Several research firms have recently issued reports on MCB. Piper Jaffray Companies began coverage on shares of Metropolitan Bank in a research report on Monday, December 4th. They issued a “neutral” rating and a $46.00 price objective for the company. JPMorgan Chase & Co. assumed coverage on shares of Metropolitan Bank in a research note on Monday, December 4th. They issued an “overweight” rating and a $50.00 target price for the company. Zacks Investment Research upgraded shares of Metropolitan Bank from a “hold” rating to a “strong-buy” rating and set a $54.00 price objective on the stock in a research note on Tuesday, February 6th. ValuEngine raised shares of Metropolitan Bank from a “hold” rating to a “buy” rating in a report on Tuesday, January 30th. Finally, Keefe, Bruyette & Woods initiated coverage on shares of Metropolitan Bank in a research note on Monday, December 4th. They set an “outperform” rating and a $50.00 target price on the stock. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $50.00.
MCB stock opened at $42.58 on Wednesday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.75. Metropolitan Bank has a fifty-two week low of $36.35 and a fifty-two week high of $51.30.
In related news, COO Gerard A. Perri bought 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 31st. The shares were acquired at an average price of $45.43 per share, with a total value of $90,860.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
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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