Metropolitan Bank (NYSE:MCB) Issues Earnings Results, Beats Expectations By $0.22 EPS


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

Shares of MCB opened at $39.50 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market capitalization of $327.49 million, a price-to-earnings ratio of 9.38 and a beta of 1.27. The company’s 50 day simple moving average is $36.48 and its 200 day simple moving average is $31.95. Metropolitan Bank has a 1 year low of $15.52 and a 1 year high of $51.09.

A number of equities research analysts recently commented on MCB shares. JPMorgan Chase & Co. increased their price objective on shares of Metropolitan Bank from $36.00 to $50.00 in a research note on Tuesday, December 15th. TheStreet raised shares of Metropolitan Bank from a “d+” rating to a “c-” rating in a research note on Friday, October 9th. Finally, Zacks Investment Research raised shares of Metropolitan Bank from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a research note on Tuesday, January 5th.

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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