Metropolitan Bank (NYSE:MCB) Posts Earnings Results, Beats Estimates By $0.12 EPS

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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.

A number of research firms recently commented on MCB. Zacks Investment Research raised shares of Metropolitan Bank from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 8th. ValuEngine cut shares of Metropolitan Bank from a “hold” rating to a “sell” rating in a research note on Saturday, October 19th. Finally, Peel Hunt reaffirmed a “hold” rating on shares of Metropolitan Bank in a research note on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $46.00.

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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Earnings History for Metropolitan Bank (NYSE:MCB)

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