In yesterday’s Wall Street session, Metropolitan Bank Holding Corp. (NYSE:MCB) shares traded at $34.19, up 38.98% from the previous session.
2 analysts cover Metropolitan Bank Holding Corp. (NYSE:MCB), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $80.00 and a low of $63.00, we find $71.50. Given the previous closing price of $24.60, this indicates a potential upside of 190.65 percent. MCB stock price is now -39.81% away from the 50-day moving average and -47.72% away from the 200-day moving average. The market capitalization of the company currently stands at $431.48M.
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The stock has received a hold rating from 0 analysts and a buy rating from 2. Brokers who have rated the stock have averaged $71.50 as their price target over the next twelve months.
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In other news, Reinhardt William, Director bought 1,488 shares of the company’s stock on Mar 14. The stock was bought for $50,056 at an average price of $33.64. Upon completion of the transaction, the Director now directly owns 16,280 shares in the company, valued at $0.56 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 14, Director PATENT ROBERT C bought 1,000 shares of the business’s stock. A total of $33,630 was incurred on buying the stock at an average price of $33.63. This leaves the insider owning 69,004 shares of the company worth $2.36 million. Insiders disposed of 42,713 shares of company stock worth roughly $1.46 million over the past 1 year. A total of 1.40% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in MCB stock. A new stake in Metropolitan Bank Holding Corp. shares was purchased by BANK OF MONTREAL /CAN/ during the first quarter worth $667,000. MARTINGALE ASSET MANAGEMENT L P invested $491,000 in shares of MCB during the first quarter. In the first quarter, SQUAREPOINT OPS LLC acquired a new stake in Metropolitan Bank Holding Corp. valued at approximately $450,000. ALGERT GLOBAL LLC acquired a new stake in MCB for approximately $382,000. HSBC HOLDINGS PLC purchased a new stake in MCB valued at around $310,000 in the second quarter. In total, there are 223 active investors with 83.90% ownership of the company’s stock.
On Tuesday morning Metropolitan Bank Holding Corp. (NYSE: MCB) stock kicked off with the opening price of $33.53. During the past 12 months, Metropolitan Bank Holding Corp. has had a low of $13.98 and a high of $107.35. The fifty day moving average price for MCB is $56.33 and a two-hundred day moving average price translates $65.20 for the stock.
The latest earnings results from Metropolitan Bank Holding Corp. (NYSE: MCB) was released for Dec, 2022. According to the Banks – Regional Company, earnings per share came in at $2.44, beating analysts’ expectations of $2.32 by 0.12. This compares to $1.70 EPS in the same period last year. The net profit margin was 22.70% and return on equity was 10.30% for MCB. The company reported revenue of $80.55 million for the quarter, compared to $49.11 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 64.03 percent. For the current quarter, analysts expect MCB to generate $66.64M in revenue.
Metropolitan Bank Holding Corp.(MCB) 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. The company offers checking, savings, term deposit, and money market accounts, as well as certificates of deposit. It also provides lending products, including commercial real estate, construction, multi-family, 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 card services. It operates six banking centers in Manhattan, Brooklyn, Great Neck, and Long Island. Metropolitan Bank Holding Corp. was founded in 1999 and is headquartered in New York, New York.
