Metropolitan Bank Holding Corp

Metropolitan Bank Holding Corp Stock Forecast & Price Prediction

Live Metropolitan Bank Holding Corp Stock (MCB) Price
$54.37

3

Ratings

  • Buy 2
  • Hold 1
  • Sell 0
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$54.37

P/E Ratio

9.95

Volume Traded Today

$48,546

Dividend

Dividends not available for MCB

52 Week High/low

64.10/32.46

Metropolitan Bank Holding Corp Market Cap

$595.0M

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MCB Summary

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 Analyst Ratings

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.

MCB stock forecast by analyst

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

MCB Company Information

What They Do: Provides a range of banking products and services.

Business Model: The company operates as a bank holding company, generating revenue through a diverse array of banking products, including checking and savings accounts, various loan offerings, and cash management services. It serves small businesses, middle-market enterprises, and individuals primarily in the New York metropolitan area.

Other Information: Metropolitan Bank Holding Corp. was incorporated in 1997, previously known as Metbank Holding Corp., and rebranded in January 2007. The bank also offers modern banking conveniences such as online and mobile banking, enhancing customer accessibility and engagement.
MCB
Metropolitan Bank Holding Corp (MCB)

When did it IPO

1998

Staff Count

275

Country

United States

Sector/Industry

Financial Services/Banksโ€”Regional

CEO

Mr. Mark R. DeFazio

Market Cap

$595.0M

Metropolitan Bank Holding Corp (MCB) Financial Data

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

$141.9M

Revenue From 2021

$180.7M

27.32 %
From Previous Year

Revenue From 2022

$255.8M

41.54 %
From Previous Year

Revenue From 2023

$250.7M

-1.96 %
From Previous Year
  • Revenue TTM $258.2M
  • Operating Margin TTM 29.8%
  • Gross profit TTM $0
  • Return on assets TTM 0.9%
  • Return on equity TTM 8.9%
  • Profit Margin 23.2%
  • Book Value Per Share 63.89%
  • Market capitalisation $595.0M
  • Revenue for 2021 $180.7M
  • Revenue for 2022 $255.8M
  • Revenue for 2023 $250.7M
  • EPS this year (TTM) $5.34

Metropolitan Bank Holding Corp (MCB) Latest News

News Image

Fri, 18 Oct 2024

Sentiment - NEUTRAL

Source - Seeking Alpha

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.

News Image

Thu, 17 Oct 2024

Sentiment - NEUTRAL

Source - Business Wire

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.

News Image

Thu, 17 Oct 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

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.

News Image

Fri, 04 Oct 2024

Sentiment - NEUTRAL

Source - Business Wire

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.

News Image

Mon, 30 Sep 2024

Sentiment - NEUTRAL

Source - Business Wire

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.

News Image

Fri, 27 Sep 2024

Sentiment - POSITIVE

Source - Seeking Alpha

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.

...

MCB Frequently asked questions

The highest forecasted price for MCB is $73 from at .

The lowest forecasted price for MCB is $67 from Steven Alexopoulos from JP Morgan

The MCB analyst ratings consensus are 2 buy ratings, 1 hold ratings, and 0 sell ratings.