Metropolitan Bank (NYSE:MCB) Announces Quarterly Earnings Results, Beats Estimates By $0.14 EPS

Metropolitan Bank (NYSE:MCB) issued its earnings results on Tuesday. The company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.14, MarketWatch Earnings reports. Metropolitan Bank had a return on equity of 13.63% and a net margin of 28.01%.

Metropolitan Bank stock traded up $5.25 during trading hours on Thursday, hitting $65.40. The stock had a trading volume of 775 shares, compared to its average volume of 45,254. The company’s 50-day simple moving average is $62.33. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market cap of $545.44 million, a P/E ratio of 11.18 and a beta of 1.33. Metropolitan Bank has a fifty-two week low of $25.51 and a fifty-two week high of $66.40.

Separately, Zacks Investment Research downgraded Metropolitan Bank from a “hold” rating to a “sell” rating in a research note on Tuesday, June 29th.

In other news, EVP Nick Rosenberg sold 1,005 shares of the stock in a transaction that occurred on Wednesday, June 16th. The stock was sold at an average price of $64.15, for a total value of $64,470.75. Also, CFO Greg Sigrist bought 1,600 shares of the company’s stock in a transaction dated Friday, June 18th. The stock was bought at an average cost of $61.35 per share, with a total value of $98,160.00. The disclosure for this purchase can be found here. Corporate insiders own 15.90% of the company’s stock.

Metropolitan Bank Company Profile

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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Earnings History for Metropolitan Bank (NYSE:MCB)

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