Metropolitan Bank (MCB) Set to Announce Quarterly Earnings on Thursday

Metropolitan Bank (NYSE:MCB) is scheduled to issue its quarterly earnings data after the market closes on Thursday, July 18th. Analysts expect the company to announce earnings of $1.57 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Metropolitan Bank (NYSE:MCB) last announced its quarterly earnings data on Thursday, April 18th. The company reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.18. The business had revenue of $66.71 million during the quarter, compared to analyst estimates of $63.97 million. Metropolitan Bank had a return on equity of 10.57% and a net margin of 15.82%. On average, analysts expect Metropolitan Bank to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Metropolitan Bank Trading Up 10.1 %

Shares of Metropolitan Bank stock opened at $55.46 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.61. The firm has a market cap of $620.60 million, a price-to-earnings ratio of 9.12 and a beta of 1.16. The business has a fifty day simple moving average of $42.26 and a 200-day simple moving average of $42.26. Metropolitan Bank has a fifty-two week low of $30.20 and a fifty-two week high of $57.15.

Insider Activity

In other Metropolitan Bank news, Director George J. Wolf, Jr. acquired 1,183 shares of Metropolitan Bank stock in a transaction that occurred on Monday, June 10th. The stock was purchased at an average cost of $39.00 per share, with a total value of $46,137.00. Following the purchase, the director now owns 27,995 shares in the company, valued at $1,091,805. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 6.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. cut their price objective on Metropolitan Bank from $55.00 to $50.00 and set an “overweight” rating for the company in a report on Thursday, April 4th.

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.