Metropolitan Bank Holding Corp. (NYSE:MCB – Get Free Report) announced a quarterly dividend on Monday, July 20th. Stockholders of record on Friday, July 31st will be given a dividend of 0.35 per share on Tuesday, August 11th. This represents a c) dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, July 31st. This is a 40.0% increase from Metropolitan Bank’s previous quarterly dividend of $0.25.
Metropolitan Bank Trading Up 0.0%
MCB opened at $98.47 on Tuesday. Metropolitan Bank has a twelve month low of $64.66 and a twelve month high of $102.04. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.02. The company has a fifty day moving average of $94.06 and a 200-day moving average of $89.06. The stock has a market cap of $1.22 billion, a PE ratio of 12.13 and a beta of 1.00.
Metropolitan Bank (NYSE:MCB – Get Free Report) last issued its quarterly earnings results on Tuesday, April 21st. The company reported $2.92 EPS for the quarter, beating analysts’ consensus estimates of $2.19 by $0.73. Metropolitan Bank had a net margin of 15.89% and a return on equity of 10.95%. The business had revenue of $88.49 million for the quarter, compared to analysts’ expectations of $87.33 million.
About Metropolitan Bank
Metropolitan Bank (NYSE:MCB), through its principal subsidiary Metropolitan Commercial Bank, operates as a New York–based regional financial institution providing a range of commercial and consumer banking services. The company offers deposit products including checking, savings and money market accounts, as well as business and personal certificates of deposit. On the lending side, Metropolitan Bank extends commercial real estate financing, equipment loans, working capital lines of credit and consumer installment loans tailored to the needs of small- and medium-sized enterprises and individual customers.
In addition to traditional deposit and lending services, Metropolitan Bank provides specialized treasury and cash-management solutions, foreign exchange services and letters of credit for both domestic businesses and multinational clients.
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