Q1 2019 Earnings Estimate for Metropolitan Bank Holding Corp Issued By Piper Jaffray Companies (MCB)

Metropolitan Bank Holding Corp (NYSE:MCB) – Equities researchers at Piper Jaffray Companies reduced their Q1 2019 EPS estimates for Metropolitan Bank in a research note issued on Monday, January 28th. Piper Jaffray Companies analyst M. Breese now anticipates that the company will earn $0.78 per share for the quarter, down from their previous forecast of $0.79. Piper Jaffray Companies also issued estimates for Metropolitan Bank’s Q1 2020 earnings at $0.96 EPS.

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Several other research firms have also weighed in on MCB. Zacks Investment Research upgraded shares of Metropolitan Bank from a “sell” rating to a “hold” rating in a research note on Tuesday, October 9th. Canaccord Genuity restated a “hold” rating on shares of Metropolitan Bank in a research note on Thursday, January 10th. Finally, ValuEngine lowered shares of Metropolitan Bank from a “hold” rating to a “sell” rating in a research note on Thursday, November 1st.

Metropolitan Bank stock opened at $35.00 on Thursday. The stock has a market cap of $288.48 million, a PE ratio of 11.44 and a beta of 1.13. Metropolitan Bank has a fifty-two week low of $29.05 and a fifty-two week high of $55.00. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.33.

Metropolitan Bank (NYSE:MCB) last released its quarterly earnings data on Thursday, January 24th. The company reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.01). The firm had revenue of $21.15 million for the quarter, compared to analyst estimates of $21.03 million. Metropolitan Bank had a return on equity of 10.16% and a net margin of 26.43%.

In other Metropolitan Bank news, insider Mark R. Defazio sold 2,000 shares of the business’s stock in a transaction dated Monday, January 28th. The shares were sold at an average price of $35.49, for a total value of $70,980.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Mark R. Defazio sold 4,000 shares of the business’s stock in a transaction dated Wednesday, January 30th. The shares were sold at an average price of $35.25, for a total transaction of $141,000.00. The disclosure for this sale can be found here. Insiders own 21.18% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Franklin Resources Inc. boosted its holdings in Metropolitan Bank by 1.8% in the 3rd quarter. Franklin Resources Inc. now owns 364,944 shares of the company’s stock valued at $15,006,000 after purchasing an additional 6,428 shares during the period. BlackRock Inc. lifted its holdings in shares of Metropolitan Bank by 1.8% during the 3rd quarter. BlackRock Inc. now owns 328,693 shares of the company’s stock worth $13,517,000 after acquiring an additional 5,950 shares during the period. Emerald Mutual Fund Advisers Trust lifted its holdings in shares of Metropolitan Bank by 10.3% during the 4th quarter. Emerald Mutual Fund Advisers Trust now owns 229,276 shares of the company’s stock worth $7,073,000 after acquiring an additional 21,395 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Metropolitan Bank by 15.5% during the 3rd quarter. Vanguard Group Inc. now owns 216,318 shares of the company’s stock worth $8,895,000 after acquiring an additional 29,023 shares during the period. Finally, Vanguard Group Inc lifted its holdings in shares of Metropolitan Bank by 15.5% during the 3rd quarter. Vanguard Group Inc now owns 216,318 shares of the company’s stock worth $8,895,000 after acquiring an additional 29,023 shares during the period. 52.47% of the stock is owned by hedge funds and other institutional investors.

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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