Wall Street brokerages expect that Metropolitan Bank Holding Corp (NYSE:MCB) will post earnings of $0.77 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Metropolitan Bank’s earnings. The lowest EPS estimate is $0.74 and the highest is $0.79. Metropolitan Bank reported earnings per share of $1.04 in the same quarter last year, which would suggest a negative year-over-year growth rate of 26%. The company is scheduled to issue its next quarterly earnings results on Monday, February 4th.
According to Zacks, analysts expect that Metropolitan Bank will report full-year earnings of $3.07 per share for the current fiscal year, with EPS estimates ranging from $3.03 to $3.10. For the next financial year, analysts anticipate that the company will report earnings of $3.44 per share, with EPS estimates ranging from $3.42 to $3.46. Zacks’ EPS calculations are an average based on a survey of research firms that cover Metropolitan Bank.
Metropolitan Bank (NYSE:MCB) last announced its quarterly earnings data 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 firm had revenue of $20.36 million for the quarter, compared to analyst estimates of $20.57 million. Metropolitan Bank had a net margin of 23.70% and a return on equity of 10.63%.
A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Metropolitan Bank from a “sell” rating to a “hold” rating in a report on Friday, November 2nd. ValuEngine lowered shares of Metropolitan Bank from a “hold” rating to a “sell” rating in a report on Thursday, November 1st.
A number of large investors have recently bought and sold shares of MCB. Bank of America Corp DE boosted its holdings in Metropolitan Bank by 728.0% in the second quarter. Bank of America Corp DE now owns 2,691 shares of the company’s stock valued at $141,000 after purchasing an additional 2,366 shares during the last quarter. MetLife Investment Advisors LLC purchased a new stake in Metropolitan Bank in the third quarter valued at $209,000. Russell Investments Group Ltd. purchased a new stake in Metropolitan Bank in the second quarter valued at $215,000. Jane Street Group LLC purchased a new stake in Metropolitan Bank in the third quarter valued at $234,000. Finally, Joel Isaacson & Co. LLC purchased a new stake in Metropolitan Bank in the second quarter valued at $255,000. 52.55% of the stock is currently owned by institutional investors.
Shares of MCB traded down $0.52 during trading hours on Friday, reaching $33.99. 11,703 shares of the company traded hands, compared to its average volume of 12,326. The firm has a market capitalization of $283.23 million and a PE ratio of 11.11. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.18 and a quick ratio of 1.18. Metropolitan Bank has a 12-month low of $33.23 and a 12-month high of $55.00.
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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