Metropolitan Bank (MCB) to Announce Quarterly Earnings on Monday

Metropolitan Bank (NYSE:MCB - Get Free Report) will likely be announcing its earnings results after the market closes on Monday, April 21st. Analysts expect the company to announce earnings of $1.61 per share and revenue of $67.62 million for the quarter. Parties that wish to listen to the company's conference call can do so using this link.

Metropolitan Bank (NYSE:MCB - Get Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.39. Metropolitan Bank had a net margin of 13.55% and a return on equity of 10.89%. On average, analysts expect Metropolitan Bank to post $7 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Metropolitan Bank Price Performance

Shares of NYSE MCB traded up $1.26 during trading on Tuesday, hitting $52.02. The company had a trading volume of 132,338 shares, compared to its average volume of 91,978. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market cap of $583.94 million, a P/E ratio of 8.79 and a beta of 0.95. The business's 50-day moving average is $56.35 and its 200 day moving average is $58.96. Metropolitan Bank has a 52 week low of $32.46 and a 52 week high of $69.56.

Insider Activity

In related news, CEO Mark R. Defazio sold 15,088 shares of Metropolitan Bank stock in a transaction on Monday, March 17th. The shares were sold at an average price of $54.78, for a total value of $826,520.64. Following the completion of the sale, the chief executive officer now owns 100,628 shares of the company's stock, valued at approximately $5,512,401.84. The trade was a 13.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Scott Lublin sold 5,000 shares of the company's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $54.60, for a total value of $273,000.00. Following the sale, the executive vice president now owns 49,988 shares of the company's stock, valued at approximately $2,729,344.80. This trade represents a 9.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,088 shares of company stock worth $1,161,791 in the last 90 days. Company insiders own 6.50% of the company's stock.

Analyst Ratings Changes

Separately, Hovde Group lifted their price target on Metropolitan Bank from $75.00 to $83.50 and gave the stock an "outperform" rating in a research note on Monday, January 27th.

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.