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NYSE:MCB

Metropolitan Bank (MCB) Stock Price, News & Analysis

$42.05
+0.03 (+0.07%)
(As of 05/31/2024 ET)
Today's Range
$41.66
$42.62
50-Day Range
$32.73
$44.98
52-Week Range
$27.66
$57.15
Volume
59,800 shs
Average Volume
72,762 shs
Market Capitalization
$470.54 million
P/E Ratio
6.92
Dividend Yield
N/A
Price Target
$56.50

Metropolitan Bank MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
34.4% Upside
$56.50 Price Target
Short Interest
Healthy
5.69% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
21.48%
From $6.10 to $7.41 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.97 out of 5 stars

Finance Sector

315th out of 883 stocks

State Commercial Banks Industry

83rd out of 177 stocks

MCB stock logo

About Metropolitan Bank Stock (NYSE:MCB)

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. The company offers checking, savings, term deposit, money market, demand deposit, and other interest-bearing transaction accounts. It also provides lending products, including commercial real estate, multi-family, construction, and one-to four-family real estate loans; commercial and industrial loans; consumer loans; acquisition and renovation loans; loans to refinance or return borrower equity; loans on owner-occupied properties; working capital lines of credit; trade finance and letters of credit; and term loans. In addition, the company offers cash management services, as well as online and mobile banking, ACH, remote deposit capture, and debit cards. The company was formerly known as Metbank Holding Corp. and changed its name to Metropolitan Bank Holding Corp. in January 2007. Metropolitan Bank Holding Corp. was incorporated in 1997 and is headquartered in New York, New York.

MCB Stock Price History

MCB Stock News Headlines

Metro Bank Holdings Deposits Rise, Loans Decline
KBW Sticks to Its Buy Rating for Metropolitan Bank Holding (MCB)
Q1 2024 Metropolitan Bank Holding Corp Earnings Call
Metropolitan Bank Holding Corp
MCB Apr 2024 20.000 put
MCB Apr 2024 50.000 call
See More Headlines
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Company Calendar

Last Earnings
4/18/2024
Today
6/02/2024
Next Earnings (Estimated)
7/18/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
N/A
Fax
N/A
Employees
275
Year Founded
1999

Price Target and Rating

Average Stock Price Target
$56.50
High Stock Price Target
$66.00
Low Stock Price Target
$50.00
Potential Upside/Downside
+34.4%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
4 Analysts

Profitability

Net Income
$76.90 million
Pretax Margin
22.52%

Debt

Sales & Book Value

Annual Sales
$403.31 million
Cash Flow
$7.25 per share
Book Value
$60.18 per share

Miscellaneous

Free Float
10,465,000
Market Cap
$470.54 million
Optionable
Not Optionable
Beta
1.14

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Key Executives

  • Mr. Mark R. DeFazioMr. Mark R. DeFazio (Age 61)
    President, CEO & Director
    Comp: $1.51M
  • Mr. Daniel F. Dougherty CFA (Age 62)
    Executive VP & CFO
    Comp: $486.46k
  • Mr. Scott Lublin (Age 57)
    Executive VP & Chief Lending Officer
    Comp: $656.35k
  • Ms. Dixiana M. Berrios (Age 51)
    Executive VP & COO
  • Gerald David Bonnar
    Senior VP, Controller, CAO & PAO
  • Mr. Frederik F. Erikson (Age 51)
    Executive VP & General Counsel
  • Mr. Ram Puppala (Age 54)
    Senior VP & Chief Digital Officer
  • Mr. Norman Scott (Age 53)
    Senior VP & Chief Credit Officer
  • Zachary Levine
    Corporate Secretary

MCB Stock Analysis - Frequently Asked Questions

Should I buy or sell Metropolitan Bank stock right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Metropolitan Bank in the last year. There are currently 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" MCB shares.
View MCB analyst ratings
or view top-rated stocks.

What is Metropolitan Bank's stock price target for 2024?

4 Wall Street analysts have issued 12 month target prices for Metropolitan Bank's stock. Their MCB share price targets range from $50.00 to $66.00. On average, they predict the company's stock price to reach $56.50 in the next twelve months. This suggests a possible upside of 34.4% from the stock's current price.
View analysts price targets for MCB
or view top-rated stocks among Wall Street analysts.

How have MCB shares performed in 2024?

Metropolitan Bank's stock was trading at $55.38 at the beginning of 2024. Since then, MCB shares have decreased by 24.1% and is now trading at $42.05.
View the best growth stocks for 2024 here
.

When is Metropolitan Bank's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 18th 2024.
View our MCB earnings forecast
.

How were Metropolitan Bank's earnings last quarter?

Metropolitan Bank Holding Corp. (NYSE:MCB) announced its earnings results on Thursday, April, 18th. The company reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.18. The business earned $66.71 million during the quarter, compared to the consensus estimate of $63.97 million. Metropolitan Bank had a trailing twelve-month return on equity of 10.57% and a net margin of 15.82%.

What ETF holds Metropolitan Bank's stock?

Global X MSCI Pakistan ETF holds 3,781,286 shares of MCB stock, representing 7.59% of its portfolio.

What other stocks do shareholders of Metropolitan Bank own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Metropolitan Bank investors own include Enbridge (ENB), Omega Healthcare Investors (OHI), Royal Bank of Canada (RY), Southern (SO), Wells Fargo & Company (WFC), Preferred Apartment Communities (APTS), BCE (BCE), Cognex (CGNX) and Church & Dwight (CHD).

When did Metropolitan Bank IPO?

Metropolitan Bank (MCB) raised $101 million in an IPO on Wednesday, November 8th 2017. The company issued 3,100,000 shares at $31.00-$34.00 per share. J.P Morgan and Keefe, Bruyette & Woods (A Stifel Company) acted as the underwriters for the IPO and Piper Jaffray was co-manager.

Who are Metropolitan Bank's major shareholders?

Metropolitan Bank's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (5.62%), Pacific Ridge Capital Partners LLC (2.38%), Russell Investments Group Ltd. (0.96%), Jacobs Levy Equity Management Inc. (0.74%), Price T Rowe Associates Inc. MD (0.44%) and Acadian Asset Management LLC (0.43%). Insiders that own company stock include David J Gold, Greg Sigrist, Harvey Gutman, Maria F Ramirez, Mark R Defazio, Michele A Peppers, Nick Rosenberg and Scott Lublin.
View institutional ownership trends
.

How do I buy shares of Metropolitan Bank?

Shares of MCB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:MCB) was last updated on 6/2/2024 by MarketBeat.com Staff

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