Metropolitan Bank (NYSE:MCB) Announces Quarterly Earnings Results

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Metropolitan Bank (NYSE:MCB) posted its quarterly earnings data on Wednesday. The company reported $1.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.17 by $0.22, MarketWatch Earnings reports. Metropolitan Bank had a return on equity of 11.35% and a net margin of 22.33%.

MCB opened at $39.50 on Friday. Metropolitan Bank has a one year low of $15.52 and a one year high of $51.09. The stock has a market capitalization of $327.49 million, a PE ratio of 9.38 and a beta of 1.27. The business’s 50 day moving average price is $36.48 and its 200 day moving average price is $31.95. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.06 and a current ratio of 1.06.

A number of equities research analysts have recently issued reports on MCB shares. TheStreet upgraded Metropolitan Bank from a “d+” rating to a “c-” rating in a research report on Friday, October 9th. JPMorgan Chase & Co. upped their price target on Metropolitan Bank from $36.00 to $50.00 in a research report on Tuesday, December 15th. Finally, Zacks Investment Research upgraded Metropolitan Bank from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a research report on Tuesday, January 5th.

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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