Hovde Group initiated coverage of Metropolitan Bank with a rating of Outperform and set a new price target of $50.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/16/2025 | $75.00 → $79.00 | Outperform | Hovde Group |
| 1/27/2025 | $75.00 → $83.50 | Outperform | Hovde Group |
| 10/21/2024 | $65.50 → $68.00 | Outperform | Hovde Group |
| 9/19/2024 | $50.00 → $65.50 | Outperform | Hovde Group |
| 12/15/2023 | $60.00 | Overweight | Piper Sandler |
| 9/27/2023 | $50.00 | Outperform | Hovde Group |
4 - Metropolitan Bank Holding Corp. (0001476034) (Issuer)
4 - Metropolitan Bank Holding Corp. (0001476034) (Issuer)
4 - Metropolitan Bank Holding Corp. (0001476034) (Issuer)
4 - Metropolitan Bank Holding Corp. (0001476034) (Issuer)
4 - Metropolitan Bank Holding Corp. (0001476034) (Issuer)
4 - Metropolitan Bank Holding Corp. (0001476034) (Issuer)
11-K - Metropolitan Bank Holding Corp. (0001476034) (Filer)
S-8 - Metropolitan Bank Holding Corp. (0001476034) (Filer)
8-K - Metropolitan Bank Holding Corp. (0001476034) (Filer)
Hovde Group reiterated coverage of Metropolitan Bank with a rating of Outperform and set a new price target of $79.00 from $75.00 previously
Hovde Group reiterated coverage of Metropolitan Bank with a rating of Outperform and set a new price target of $83.50 from $75.00 previously
Hovde Group reiterated coverage of Metropolitan Bank with a rating of Outperform and set a new price target of $68.00 from $65.50 previously
Metropolitan Commercial Bank (the "Bank," "MCB"), a full-service commercial bank based in New York City is proud to announce that it has been recognized with the esteemed "Editors' Choice" Award at the Banking Tech Awards USA. This distinction highlights MCB's innovation in Digital Onboarding and Omnichannel Banking, reinforcing its position as a leader in financial innovation. The Banking Tech Awards USA recognizes and honors institutions who excel and innovate in the banking technology field. Winning the "Editors' Choice" Award reflects MCB's commitment to delivering seamless, client-centric digital experiences. "We are deeply honored to receive this award, which celebrates our contin
Metropolitan Commercial Bank (the "Bank," "MCB"), a full-service commercial bank based in New York City is proud to announce that it has been named a finalist in the Payment Solution of the Year: North America category at the prestigious SBC Summit Americas. MCB's steady growth and commitment to digital innovation have earned this recognition, underscoring the Bank's dedication to delivering reliable, forward-thinking banking solutions that empower individuals and businesses worldwide. The SBC Summit Americas, a premier industry event, brings together 10,000 industry professionals and hosts 400+ exhibitors and sponsors from North, South, and Central American casino (online and land-based),
Metropolitan Bank Holding Corp. ("Company"), the publicly traded holding company of Metropolitan Commercial Bank ("MCB" or the "Bank"), announced that the capital plan recently approved by its board of directors contemplates the declaration of a quarterly cash dividend on the Company's common stock as early as the third quarter of 2025, subject to approval by the board of directors. In conjunction with the Company's recently launched common stock repurchase program, the planned dividend underscores the Company's commitment to delivering total return to its investors. Mark R. DeFazio, President and CEO of MCB and the Company, said: "Our capital plan, and in particular our intention to commen
The Bank has Achieved Over 800% Organic Growth Since its Founding On the Eve of the New Millennium Metropolitan Commercial Bank (the "Bank," "MCB"), a full-service commercial bank based in New York City, proudly announces its 25th anniversary, signifying a remarkable milestone in its history. Founded in 1999, Metropolitan Commercial Bank has become a trusted institution renowned for its commitment to excellence, innovation, risk management, and community engagement. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240624403397/en/Metropolitan Commercial Bank (Graphic: Business Wire) Reflecting on this Quarter Century Anniversary
Metropolitan Commercial Bank (the "Bank," "MCB"), a New York City-based full-service commercial bank, announced today the appointment of Gregory Gaare as Senior Vice President and Chief Risk Officer, Theodore George Andreades as Senior Vice President and Bank Secrecy Act/Anti-Money Laundering Officer, and John M. McCaffery as Senior Vice President and Treasurer. "Metropolitan Commercial Bank is delighted to welcome Greg Gaare, a seasoned risk management professional. As MCB charts its course toward expansion, enlisting individuals from larger financial institutions with extensive risk management experience is imperative. Securing the expertise of Ted Andreades, an experienced BSA/AML offi
Michael A. Guarino to retire as General Counsel in 2024 Metropolitan Bank Holding Corp. (NYSE:MCB) (the "Company"), the holding company for Metropolitan Commercial Bank (the "Bank"), announced today the appointment of Frederik F. Erikson as Executive Vice President and General Counsel, effective September 25, 2023. He has joined the Executive Leadership Team and oversees all of the Company's and Bank's legal activities. Mr. Erikson's extensive commercial and retail banking legal career spans over two decades, primarily cultivated during his tenure at Webster Bank, N.A., based in Waterbury, Connecticut. While at Webster Bank, he held several leadership roles, including Deputy General Cou
Metropolitan Bank Holding Corp. ("Company"), the publicly traded holding company of Metropolitan Commercial Bank ("MCB" or the "Bank"), announced that the capital plan recently approved by its board of directors contemplates the declaration of a quarterly cash dividend on the Company's common stock as early as the third quarter of 2025, subject to approval by the board of directors. In conjunction with the Company's recently launched common stock repurchase program, the planned dividend underscores the Company's commitment to delivering total return to its investors. Mark R. DeFazio, President and CEO of MCB and the Company, said: "Our capital plan, and in particular our intention to commen
Strong Financial Results and Robust Capital Position Financial Highlights Total loans at March 31, 2025 were $6.3 billion, an increase of $308.0 million, or 5.1%, from December 31, 2024 and $622.9 million, or 10.9%, from March 31, 2024. Total deposits at March 31, 2025 were $6.4 billion, an increase of $466.3 million, or 7.8%, from December 31, 2024 and $211.8 million, or 3.4%, from March 31, 2024. The net interest margin for the first quarter of 2025 was 3.68%, an increase of 2 basis points compared to 3.66% for the prior linked quarter and an increase of 28 basis points compared to 3.40% for the prior year period. Asset quality continues to be stable. The ratio of non-performing
Metropolitan Bank Holding Corp. (the "Company") (NYSE:MCB), the holding company for Metropolitan Commercial Bank, today announced it will release first quarter 2025 financial results after the market closes on Monday, April 21, 2025. The Company will conduct a conference call at 9:00 a.m. ET on Tuesday, April 22, 2025, to discuss the results. To access the event by telephone, please dial 800-579-2543 (US), 785-424-1789 (INTL), and provide conference ID: MCBQ125 approximately 15 minutes prior to the start time (to allow time for registration). The call will also be broadcast live over the Internet and accessible at MCB Quarterly Results Conference Call and in the Investor Relations section
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