Metropolitan Bank (NYSE:MCB – Get Free Report) will release its earnings data after the market closes on Thursday, July 20th. Analysts expect Metropolitan Bank to post earnings of $1.77 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.
Metropolitan Bank (NYSE:MCB – Get Free Report) last posted its quarterly earnings results on Tuesday, April 18th. The company reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.60. Metropolitan Bank had a net margin of 20.52% and a return on equity of 17.17%. The firm had revenue of $65.51 million for the quarter, compared to analyst estimates of $65.45 million. On average, analysts expect Metropolitan Bank to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.
Metropolitan Bank Trading Up 3.2 %
MCB stock opened at $40.28 on Thursday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.97 and a current ratio of 0.97. The company’s 50-day simple moving average is $31.36 and its 200 day simple moving average is $41.55. Metropolitan Bank has a 52 week low of $13.98 and a 52 week high of $80.37. The company has a market capitalization of $451.54 million, a PE ratio of 6.90 and a beta of 1.07.
Analyst Ratings Changes
Hedge Funds Weigh In On Metropolitan Bank
Hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC lifted its position in Metropolitan Bank by 9.5% during the first quarter. FMR LLC now owns 870,560 shares of the company’s stock worth $29,503,000 after buying an additional 75,508 shares in the last quarter. Macquarie Group Ltd. lifted its holdings in shares of Metropolitan Bank by 4.7% in the 4th quarter. Macquarie Group Ltd. now owns 760,540 shares of the company’s stock valued at $44,621,000 after purchasing an additional 33,831 shares during the last quarter. BlackRock Inc. raised its stake in Metropolitan Bank by 0.9% during the 3rd quarter. BlackRock Inc. now owns 718,390 shares of the company’s stock valued at $46,235,000 after acquiring an additional 6,305 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its position in Metropolitan Bank by 64.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 655,244 shares of the company’s stock worth $38,444,000 after purchasing an additional 255,585 shares during the period. Finally, Vanguard Group Inc. increased its position in Metropolitan Bank by 3.2% during the 3rd quarter. Vanguard Group Inc. now owns 556,487 shares of the company’s stock worth $35,816,000 after purchasing an additional 17,414 shares during the period. Institutional investors own 86.18% of the company’s stock.
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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