Metropolitan Bank Holding Corp. (MCB) To Go Ex-Dividend on October 30th

Metropolitan Bank Holding Corp. (NYSE:MCB) declared a quarterly dividend on Tuesday, October 21st. Shareholders of record on Thursday, October 30th will be paid a dividend of 0.15 per share on Friday, November 14th. This represents a c) dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, October 30th.

Metropolitan Bank Stock Down 3.0%

Shares of Metropolitan Bank stock opened at $75.06 on Thursday. The stock has a 50-day simple moving average of $76.60 and a 200-day simple moving average of $69.52. Metropolitan Bank has a 52-week low of $47.08 and a 52-week high of $81.33. The firm has a market cap of $782.07 million, a price-to-earnings ratio of 12.16 and a beta of 1.11. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.98.

Analyst Ratings Changes

A number of analysts have weighed in on MCB shares. Zacks Research cut Metropolitan Bank from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 16th. Weiss Ratings restated a “hold (c+)” rating on shares of Metropolitan Bank in a research note on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Metropolitan Bank from $81.00 to $95.00 and gave the stock an “outperform” rating in a research report on Monday, July 21st. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $82.67.

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.