Metropolitan Bank Holding Corp. (NYSE:MCB – Get Free Report) declared a quarterly dividend on Monday, October 19th. Investors of record on Friday, October 30th will be given a dividend of $0.35 per share on Tuesday, November 10th. This represents a $1.40 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Friday, October 30th.
Metropolitan Bank Price Performance
Shares of NYSE:MCB opened at $88.78 on Wednesday. The stock has a market cap of $1.10 billion, a PE ratio of 11.24 and a beta of 1.03. The company’s fifty day moving average is $89.89 and its 200 day moving average is $91.44. Metropolitan Bank has a 52 week low of $64.66 and a 52 week high of $102.04. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.02.
Metropolitan Bank (NYSE:MCB – Get Free Report) last posted its quarterly earnings results on Tuesday, October 20th. The company reported $2.58 earnings per share for the quarter, topping the consensus estimate of $2.38 by $0.20. Metropolitan Bank had a net margin of 14.31% and a return on equity of 10.22%. The business had revenue of $100.56 million during the quarter, compared to the consensus estimate of $97.05 million.
Wall Street Analyst Weigh In
Several research analysts have recently commented on the company. Wall Street Zen downgraded Metropolitan Bank from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Keefe, Bruyette & Woods lowered their target price on Metropolitan Bank from $120.00 to $110.00 and set an “outperform” rating for the company in a research note on Thursday, July 23rd. UBS Group dropped their target price on Metropolitan Bank from $110.00 to $100.00 and set a “neutral” rating for the company in a report on Tuesday, July 28th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Metropolitan Bank in a research report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Metropolitan Bank currently has a consensus rating of “Buy” and a consensus target price of $105.00.
View Our Latest Research Report on Metropolitan Bank
About Metropolitan Bank
Metropolitan Bank Holding Corp. is the parent company of Metropolitan Commercial Bank, a full-service commercial bank headquartered in New York. Founded in 1999, the bank provides financial services to businesses, entrepreneurs, institutions and consumers through its branch network and digital banking channels.
Metropolitan Commercial Bank offers commercial and consumer deposit accounts, business and real estate lending, personal loans, cash-management and treasury services, online and mobile banking, and other payment-related solutions.
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