Shares of Metropolitan Bank Holding Corp (NYSE:MCB) have earned a consensus broker rating score of 2.00 (Buy) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company.

Analysts have set a 1 year consensus price target of $50.33 for the company and are forecasting that the company will post $0.61 earnings per share for the current quarter, according to Zacks. Zacks has also given Metropolitan Bank an industry rank of 14 out of 265 based on the ratings given to its competitors.

MCB has been the subject of a number of analyst reports. Keefe, Bruyette & Woods initiated coverage on shares of Metropolitan Bank in a research note on Monday, December 4th. They issued an “outperform” rating and a $50.00 price objective for the company. JPMorgan Chase & Co. initiated coverage on shares of Metropolitan Bank in a research note on Monday, December 4th. They issued an “overweight” rating and a $50.00 price objective for the company. ValuEngine upgraded shares of Metropolitan Bank from a “hold” rating to a “buy” rating in a research note on Tuesday, January 30th. Zacks Investment Research upgraded shares of Metropolitan Bank from a “hold” rating to a “strong-buy” rating and set a $54.00 price objective for the company in a research note on Tuesday, February 6th. Finally, Piper Jaffray Companies initiated coverage on shares of Metropolitan Bank in a research note on Monday, December 4th. They issued a “neutral” rating and a $46.00 price objective for the company.

In related news, COO Gerard A. Perri bought 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 31st. The shares were acquired at an average price of $45.43 per share, with a total value of $90,860.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Hedge funds have recently made changes to their positions in the stock. American International Group Inc. bought a new position in Metropolitan Bank during the fourth quarter worth $102,000. The Manufacturers Life Insurance Company bought a new position in Metropolitan Bank during the fourth quarter worth $138,000. Schwab Charles Investment Management Inc. bought a new position in Metropolitan Bank during the fourth quarter worth $219,000. Bank of New York Mellon Corp bought a new position in Metropolitan Bank during the fourth quarter worth $310,000. Finally, Quantitative Systematic Strategies LLC bought a new position in Metropolitan Bank during the fourth quarter worth $328,000. 4.93% of the stock is currently owned by institutional investors and hedge funds.

Shares of Metropolitan Bank (NYSE:MCB) traded up $0.30 during trading on Friday, hitting $45.00. 3,537 shares of the stock were exchanged, compared to its average volume of 91,343. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.75. Metropolitan Bank has a twelve month low of $36.35 and a twelve month high of $51.30.

Metropolitan Bank (NYSE:MCB) last issued its quarterly earnings data on Monday, January 29th. The company reported $1.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.53. The firm had revenue of $21.82 million during the quarter, compared to analyst estimates of $16.87 million. analysts anticipate that Metropolitan Bank will post 2.69 EPS for the current year.

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About Metropolitan Bank

Metropolitan Bank Holding Corp. is a bank holding company. Through its subsidiary, Metropolitan Commercial Bank, the Bank provides a range of business, commercial and retail banking products and services to small businesses, middle-market enterprises, public entities and affluent individuals in the New York metropolitan area.

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