Metropolitan Bank (NYSE:MCB) released its quarterly earnings results on Friday. The company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.12, Fidelity Earnings reports. Metropolitan Bank had a net margin of 22.55% and a return on equity of 10.45%.
MCB stock opened at $45.19 on Friday. Metropolitan Bank has a 12 month low of $29.05 and a 12 month high of $45.00. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.76. The company has a 50-day moving average price of $41.07 and a 200 day moving average price of $40.66. The stock has a market cap of $373.06 million, a PE ratio of 14.77 and a beta of 1.39.
In related news, CEO Mark R. Defazio sold 3,243 shares of Metropolitan Bank stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $42.94, for a total transaction of $139,254.42. 16.40% of the stock is currently owned by insiders.
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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