$0.76 Earnings Per Share Expected for Metropolitan Bank Holding (MCB) This Quarter

Analysts expect Metropolitan Bank Holding (NYSE:MCB) to announce earnings of $0.76 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Metropolitan Bank’s earnings, with the highest EPS estimate coming in at $0.80 and the lowest estimate coming in at $0.72. The company is expected to announce its next earnings results on Wednesday, July 25th.

On average, analysts expect that Metropolitan Bank will report full year earnings of $3.33 per share for the current year, with EPS estimates ranging from $3.30 to $3.35. For the next financial year, analysts forecast that the business will post earnings of $4.08 per share, with EPS estimates ranging from $4.05 to $4.10. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Metropolitan Bank.

Metropolitan Bank (NYSE:MCB) last announced its earnings results on Wednesday, April 25th. The company reported $0.75 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.05. The business had revenue of $21.83 million for the quarter, compared to analyst estimates of $19.82 million.

MCB has been the subject of several research analyst reports. ValuEngine raised Metropolitan Bank from a “hold” rating to a “buy” rating in a research note on Tuesday, January 30th. Zacks Investment Research raised Metropolitan Bank from a “hold” rating to a “strong-buy” rating and set a $54.00 target price for the company in a research note on Tuesday, February 6th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Metropolitan Bank currently has a consensus rating of “Buy” and an average target price of $49.00.

A number of hedge funds and other institutional investors have recently bought and sold shares of MCB. Schwab Charles Investment Management Inc. acquired a new position in Metropolitan Bank in the 4th quarter valued at $219,000. Quantitative Systematic Strategies LLC acquired a new position in Metropolitan Bank in the 4th quarter valued at $328,000. The Manufacturers Life Insurance Company acquired a new position in Metropolitan Bank in the 4th quarter valued at $138,000. State of Wisconsin Investment Board acquired a new position in Metropolitan Bank in the 4th quarter valued at $1,053,000. Finally, Bank of New York Mellon Corp acquired a new position in Metropolitan Bank in the 4th quarter valued at $310,000. 45.91% of the stock is owned by hedge funds and other institutional investors.

Shares of Metropolitan Bank opened at $48.69 on Friday, Marketbeat.com reports. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.28. Metropolitan Bank has a 1-year low of $47.87 and a 1-year high of $49.87.

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 and Estimates for Metropolitan Bank (NYSE:MCB)

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