Metropolitan Bank Holding Corp (NYSE:MCB) was the target of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totalling 46,000 shares, a decrease of 20.7% from the June 15th total of 58,000 shares. Approximately 0.8% of the company’s shares are sold short. Based on an average daily volume of 18,100 shares, the short-interest ratio is currently 2.5 days.
Metropolitan Bank stock traded down $0.48 during trading hours on Monday, reaching $43.52. 6,586 shares of the company’s stock were exchanged, compared to its average volume of 19,042. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.23 and a quick ratio of 1.23. The stock’s 50 day moving average price is $42.69. Metropolitan Bank has a twelve month low of $29.05 and a twelve month high of $50.96. The firm has a market cap of $369.91 million, a price-to-earnings ratio of 14.37 and a beta of 1.29.
Metropolitan Bank (NYSE:MCB) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $0.71 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($0.18). Metropolitan Bank had a return on equity of 10.53% and a net margin of 24.86%. The business had revenue of $25.61 million for the quarter, compared to analyst estimates of $26.00 million. On average, research analysts expect that Metropolitan Bank will post 3.76 EPS for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. grew its stake in shares of Metropolitan Bank by 2.2% in the 4th quarter. BlackRock Inc. now owns 335,899 shares of the company’s stock valued at $10,363,000 after buying an additional 7,206 shares during the period. Pacific Ridge Capital Partners LLC grew its stake in shares of Metropolitan Bank by 34.5% in the 1st quarter. Pacific Ridge Capital Partners LLC now owns 142,168 shares of the company’s stock valued at $4,946,000 after buying an additional 36,434 shares during the period. M3F Inc. acquired a new stake in shares of Metropolitan Bank in the 1st quarter valued at about $357,000. First Trust Advisors LP grew its stake in shares of Metropolitan Bank by 18.7% in the 4th quarter. First Trust Advisors LP now owns 11,389 shares of the company’s stock valued at $351,000 after buying an additional 1,791 shares during the period. Finally, Northern Trust Corp grew its stake in shares of Metropolitan Bank by 2.5% in the 4th quarter. Northern Trust Corp now owns 75,091 shares of the company’s stock valued at $2,317,000 after buying an additional 1,842 shares during the period. Institutional investors own 51.07% of the company’s stock.
A number of analysts recently weighed in on MCB shares. TheStreet downgraded Tesla from a “c-” rating to a “d+” rating in a report on Monday, April 29th. Zacks Investment Research downgraded Eisai from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 24th.
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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