Metropolitan Bank (NYSE:MCB)‘s stock had its “hold” rating reissued by Canaccord Genuity in a report released on Thursday.

A number of other research firms also recently weighed in on MCB. Zacks Investment Research raised Metropolitan Bank from a “sell” rating to a “hold” rating in a research report on Tuesday, October 9th. ValuEngine downgraded Metropolitan Bank from a “hold” rating to a “sell” rating in a research report on Thursday, November 1st.

Shares of NYSE:MCB traded up $0.09 during midday trading on Thursday, hitting $32.73. The company’s stock had a trading volume of 14,717 shares, compared to its average volume of 29,725. The company has a market cap of $267.97 million, a P/E ratio of 10.70 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 debt-to-equity ratio of 0.33, a quick ratio of 1.18 and a current ratio of 1.18.

Metropolitan Bank (NYSE:MCB) last issued its quarterly earnings results on Thursday, October 25th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.11. Metropolitan Bank had a return on equity of 10.63% and a net margin of 23.70%. The company had revenue of $20.36 million for the quarter, compared to the consensus estimate of $20.57 million. As a group, equities analysts predict that Metropolitan Bank will post 3.07 EPS for the current year.

A number of hedge funds have recently added to or reduced their stakes in the stock. Franklin Resources Inc. grew its position in Metropolitan Bank by 1.8% during the third quarter. Franklin Resources Inc. now owns 364,944 shares of the company’s stock worth $15,006,000 after buying an additional 6,428 shares in the last quarter. BlackRock Inc. grew its position in Metropolitan Bank by 1.8% during the third quarter. BlackRock Inc. now owns 328,693 shares of the company’s stock worth $13,517,000 after buying an additional 5,950 shares in the last quarter. Vanguard Group Inc grew its position in Metropolitan Bank by 15.5% during the third quarter. Vanguard Group Inc now owns 216,318 shares of the company’s stock worth $8,895,000 after buying an additional 29,023 shares in the last quarter. Vanguard Group Inc. grew its position in Metropolitan Bank by 15.5% during the third quarter. Vanguard Group Inc. now owns 216,318 shares of the company’s stock worth $8,895,000 after buying an additional 29,023 shares in the last quarter. Finally, Northern Trust Corp grew its position in Metropolitan Bank by 73.6% during the second quarter. Northern Trust Corp now owns 66,131 shares of the company’s stock worth $3,470,000 after buying an additional 28,038 shares in the last quarter. 52.55% of the stock is currently owned by institutional investors and hedge funds.

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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