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.
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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