Metropolitan Bank (MCB) Reaches New 12-Month Low at $34.27

Shares of Metropolitan Bank Holding Corp (NYSE:MCB) hit a new 52-week low on Thursday . The company traded as low as $34.27 and last traded at $34.13, with a volume of 9342 shares trading hands. The stock had previously closed at $35.95.

A number of analysts recently weighed in on MCB shares. ValuEngine downgraded shares of Metropolitan Bank from a “hold” rating to a “sell” rating in a research report on Thursday, November 1st. Zacks Investment Research upgraded shares of Metropolitan Bank from a “sell” rating to a “hold” rating in a research report on Tuesday, October 9th.

The stock has a market cap of $283.23 million and a price-to-earnings ratio of 11.11. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.18 and a current ratio of 1.18.

Metropolitan Bank (NYSE:MCB) last announced its quarterly earnings results on Thursday, October 25th. The company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.11. The business had revenue of $20.36 million for the quarter, compared to the consensus estimate of $20.57 million. Metropolitan Bank had a net margin of 23.70% and a return on equity of 10.63%. Equities research analysts expect that Metropolitan Bank Holding Corp will post 3.07 EPS for the current year.

A number of hedge funds have recently made changes to their positions in MCB. Bank of America Corp DE raised its holdings in Metropolitan Bank by 728.0% during the 2nd quarter. Bank of America Corp DE now owns 2,691 shares of the company’s stock worth $141,000 after buying an additional 2,366 shares during the period. MetLife Investment Advisors LLC acquired a new stake in Metropolitan Bank during the 3rd quarter worth approximately $209,000. Russell Investments Group Ltd. acquired a new stake in Metropolitan Bank during the 2nd quarter worth approximately $215,000. Jane Street Group LLC acquired a new stake in Metropolitan Bank during the 3rd quarter worth approximately $234,000. Finally, Rhumbline Advisers acquired a new stake in Metropolitan Bank during the 2nd quarter worth approximately $318,000. Hedge funds and other institutional investors own 52.55% of the company’s stock.

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Metropolitan Bank Company Profile (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.

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