From what 3 stock analysts predict, the share price for Metropolitan Bank Holding Corp (MCB) might increase by 27.52% in the next year. This is based on a 12-month average estimation for MCB. Price targets go from $67 to $73. The majority of stock analysts believe MCB is a buy. Please note analyst price targets are not guaranteed and could be missed completely.
MCB is a stock in Financial Services which has been forecasted to be worth $69.33 as an average. On the higher end, the forecast price is $73 USD by from and on the lower end MCB is forecasted to be $67 by Steven Alexopoulos from JP Morgan.
These are the latest 20 analyst ratings of MCB.
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
---|---|---|---|---|
Steven Alexopoulos JP Morgan | Overweight | $70 | Maintains | Jul 23, 2024 |
Christopher O'Connell Keefe, Bruyette & Woods | Outperform | $67.5 | Reiterates | Jul 23, 2024 |
Steven Alexopoulos JP Morgan | Overweight | $50 | Maintains | Apr 4, 2024 |
Christopher O'Connell Keefe, Bruyette & Woods | Outperform | $55 | Reiterates | Mar 11, 2024 |
Alex Lau JP Morgan | Overweight | $55 | Maintains | Mar 4, 2024 |
Christopher O'Connell Keefe, Bruyette & Woods | Outperform | $66 | Maintains | Jan 22, 2024 |
Mark Fitzgibbon Piper Sandler | Overweight | $60 | Initiates | Dec 15, 2023 |
Alex Lau JP Morgan | Overweight | $50 | Maintains | Oct 5, 2023 |
Christopher O'Connell Keefe, Bruyette & Woods | Outperform | $65 | Maintains | Jul 25, 2023 |
Christopher O'Connell Keefe, Bruyette & Woods | Outperform | $69 | Maintains | Apr 6, 2023 |
Alex Lau JP Morgan | Overweight | $63 | Maintains | Jan 23, 2023 |
Alex Lau JP Morgan | Overweight | $66 | Maintains | Jan 11, 2023 |
Steven Alexopoulos JP Morgan | Overweight | $67 | Maintains | Dec 13, 2022 |
Steven Alexopoulos JP Morgan | Overweight | $95 | Maintains | Jul 1, 2022 |
JP Morgan | Overweight | $28.5 | Maintains | Apr 23, 2020 |
PiperJaffray | Neutral | Initiates | Dec 4, 2017 | |
JP Morgan | Overweight | Initiates | Dec 4, 2017 | |
Piper Sandler | Neutral | Initiates | Dec 4, 2017 |
When did it IPO
1998
Staff Count
275
Country
United States
Sector/Industry
Financial Services/BanksโRegional
CEO
Mr. Mark R. DeFazio
Market Cap
$595.0M
In 2023, MCB generated $250.7M in revenue, which was a decrease of -1.96% from the previous year. This can be seen as a signal that MCB's business is declining, and its share price could be worth less in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Summary - Metropolitan Bank Holding Corp. (NYSE: MCB) will host its Q3 2024 earnings call on October 18, 2024, at 9:00 AM ET, featuring CEO Mark DeFazio and CFO Daniel Dougherty.
Why It Matters - Earnings calls provide insights into a company's financial health and future outlook, influencing investor sentiment and stock performance for Metropolitan Bank Holding Corp.
Summary - Metropolitan Bank Holding Corp. reported Q3 2024 net income of $12.3 million ($1.08 per share), down from $16.8 million in Q2 2024 and $22.1 million in Q3 2023.
Why It Matters - Metropolitan Bank's declining net income signals potential challenges in profitability, which may affect stock performance and investor sentiment.
Summary - Metropolitan Bank Holding Corp. (MCB) reported Q3 earnings of $1.86 per share, surpassing the Zacks estimate of $1.55, but down from $1.97 per share year-over-year.
Why It Matters - Metropolitan Bank's earnings beat expectations, indicating strong performance and potential growth, despite a year-over-year decline, which may influence stock valuation and investor confidence.
Summary - Metropolitan Bank Holding Corp. (NYSE: MCB) will release Q3 2024 financial results on October 17, 2024. A conference call is scheduled for October 18, 2024, at 9:00 a.m. ET.
Why It Matters - Metropolitan Bank's upcoming financial results and conference call could influence stock performance, providing insights into its financial health and future growth prospects.
Summary - Metropolitan Bank Holding Corp. (NYSE: MCB) was recognized as a member of Piper Sandler's Sm-All Stars Class of 2024, highlighting its strong performance in growth, profitability, and capital metrics.
Why It Matters - Recognition as a member of Piper Sandler's Sm-All Stars highlights Metropolitan Bank's strong performance, signaling potential growth and stability, which could attract investor interest and boost stock value.
Summary - Metropolitan Bank Holding Corp. shares rose 30% since late June, outperforming the S&P 500. Q2 net interest income reached $60 million, though deposits and non-interest income declined.
Why It Matters - Metropolitan Bank's 30% share price surge and strong Q2 net interest income highlight its growth potential, making it an attractive investment compared to peers despite deposit declines.