Equities research analysts expect Metropolitan Bank Holding Corp (NYSE:MCB) to report $0.77 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Metropolitan Bank’s earnings. The highest EPS estimate is $0.78 and the lowest is $0.76. Metropolitan Bank reported earnings per share of $0.75 during the same quarter last year, which suggests a positive year over year growth rate of 2.7%. The company is expected to announce its next quarterly earnings results on Wednesday, April 24th.
On average, analysts expect that Metropolitan Bank will report full year earnings of $3.38 per share for the current financial year, with EPS estimates ranging from $3.36 to $3.40. For the next financial year, analysts forecast that the business will report earnings of $4.11 per share, with EPS estimates ranging from $4.09 to $4.12. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for Metropolitan Bank.
Get Metropolitan Bank alerts:Metropolitan Bank (NYSE:MCB) last issued its quarterly earnings results on Thursday, January 24th. The company reported $0.75 EPS for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.01). The firm had revenue of $21.15 million for the quarter, compared to the consensus estimate of $21.03 million. Metropolitan Bank had a net margin of 26.43% and a return on equity of 10.16%.
MCB has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Metropolitan Bank from a “sell” rating to a “hold” rating in a research report on Friday. Canaccord Genuity reaffirmed a “hold” rating on shares of Metropolitan Bank in a research report on Thursday, January 10th.
MCB traded down $0.25 during trading on Monday, reaching $36.69. 27,830 shares of the stock traded hands, compared to its average volume of 18,307. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $301.12 million, a P/E ratio of 11.99 and a beta of 1.30. Metropolitan Bank has a 12 month low of $29.05 and a 12 month high of $55.00.
In other news, insider Mark R. Defazio sold 2,000 shares of the stock in a transaction dated Monday, January 28th. The shares were sold at an average price of $35.49, for a total transaction of $70,980.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Mark R. Defazio sold 4,000 shares of the stock in a transaction dated Wednesday, January 30th. The stock was sold at an average price of $35.25, for a total transaction of $141,000.00. The disclosure for this sale can be found here. Insiders have sold 10,000 shares of company stock worth $352,820 in the last ninety days. Insiders own 21.18% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Basswood Capital Management L.L.C. boosted its stake in shares of Metropolitan Bank by 25.7% during the 4th quarter. Basswood Capital Management L.L.C. now owns 403,221 shares of the company’s stock valued at $12,439,000 after purchasing an additional 82,397 shares in the last quarter. Vanguard Group Inc increased its holdings in shares of Metropolitan Bank by 15.5% during the 3rd quarter. Vanguard Group Inc now owns 216,318 shares of the company’s stock valued at $8,895,000 after purchasing an additional 29,023 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Metropolitan Bank by 15.5% during the 3rd quarter. Vanguard Group Inc. now owns 216,318 shares of the company’s stock valued at $8,895,000 after purchasing an additional 29,023 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Metropolitan Bank by 73.6% during the 2nd quarter. Northern Trust Corp now owns 66,131 shares of the company’s stock valued at $3,470,000 after purchasing an additional 28,038 shares in the last quarter. Finally, Context BH Capital Management LP increased its holdings in shares of Metropolitan Bank by 94.1% during the 4th quarter. Context BH Capital Management LP now owns 50,852 shares of the company’s stock valued at $1,569,000 after purchasing an additional 24,647 shares in the last quarter. 52.95% of the stock is currently owned by institutional investors.
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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