Date | Price Target | Rating | Analyst |
---|---|---|---|
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 |
JP Morgan analyst Steven Alexopoulos maintains Metropolitan Bank Holding (NYSE:MCB) with a Overweight and raises the price target from $55 to $70.
Keefe, Bruyette & Woods analyst Christopher O'Connell reiterates Metropolitan Bank Holding (NYSE:MCB) with a Outperform and raises the price target from $55 to $67.5.
Metropolitan Bank Holding (NYSE:MCB) reported quarterly earnings of $1.50 per share which missed the analyst consensus estimate of $1.51 by 0.66 percent. This is a 9.49 percent increase over earnings of $1.37 per share from the same period last year. The company reported quarterly sales of $67.678 million which missed the analyst consensus estimate of $67.891 million by 0.31 percent. This is a 9.86 percent increase over sales of $61.606 million the same period last year.
4 - Metropolitan Bank Holding Corp. (0001476034) (Issuer)
4 - Metropolitan Bank Holding Corp. (0001476034) (Issuer)
4 - Metropolitan Bank Holding Corp. (0001476034) (Issuer)
Strong Earnings, Liquidity, Capital and Asset Quality While Executing Strategic Initiatives Financial Highlights Loans at June 30, 2024 were $5.8 billion, an increase of $119.7 million from March 31, 2024 and $689.3 million from June 30, 2023. Total deposits at June 30, 2024 were $6.2 billion, a decrease of $67.9 million from March 31, 2024 and an increase of $881.1 million from June 30, 2023. Net interest margin for the second quarter of 2024 expanded 4 basis points to 3.44% from 3.40% for the first quarter of 2024. Diluted earnings per share of $1.50 for the second quarter of 2024, an increase of 2.7% compared to the first quarter of 2024, inclusive of $5.5 million of expen
Metropolitan Bank Holding Corp. (the "Company") (NYSE:MCB), the holding company for Metropolitan Commercial Bank, today announced it will release second quarter 2024 financial results after the market closes on Thursday, July 18, 2024. The Company will conduct a conference call at 9:00 a.m. ET on Friday, July 19, 2024, to discuss the results. To access the event by telephone, please dial 800-267-6316 (US), 203-518-9783 (INTL), and provide conference ID: MCBQ224 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 secti
Strong commercial bank franchise underscores resiliency in challenging macroeconomic environment Investment in core banking digital transformation underway to support continued growth Financial Highlights Total deposits at March 31, 2024 were $6.2 billion, an increase of $500.3 million from December 31, 2023 and an increase of $1.1 billion from March 31, 2023. Net interest margin expanded 4 basis points to 3.40% for the first quarter of 2024 compared to 3.36% for the fourth quarter of 2023. Loans at March 31, 2024 were $5.7 billion, an increase of $94.4 million from December 31, 2023 and $867.5 million from March 31, 2023. Diluted earnings per share of $1.46 for the first qu
Hovde Group resumed coverage of Metropolitan Bank with a rating of Outperform and set a new price target of $65.50 from $50.00 previously
Piper Sandler initiated coverage of Metropolitan Bank with a rating of Overweight and set a new price target of $60.00
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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10-Q - Metropolitan Bank Holding Corp. (0001476034) (Filer)
8-K - Metropolitan Bank Holding Corp. (0001476034) (Filer)
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4 - Metropolitan Bank Holding Corp. (0001476034) (Issuer)
4 - Metropolitan Bank Holding Corp. (0001476034) (Issuer)
Metropolitan Commercial Bank (NYSE:MCB) proudly rang the Opening Bell at the New York Stock Exchange today to celebrate its 25th Anniversary. This milestone underscores MCB's commitment to innovation, growth, and unwavering service to its clients. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240829952132/en/Photo courtesy of NYSE Mark R. DeFazio, Founder, President, and CEO of Metropolitan Commercial Bank, had the honor of ringing the bell, marking the beginning of the trading day. The event celebrated the Bank's quarter-century of achievements and set the stage for the next chapter in its ongoing success story. "Ringing the
Strong Earnings, Liquidity, Capital and Asset Quality While Executing Strategic Initiatives Financial Highlights Loans at June 30, 2024 were $5.8 billion, an increase of $119.7 million from March 31, 2024 and $689.3 million from June 30, 2023. Total deposits at June 30, 2024 were $6.2 billion, a decrease of $67.9 million from March 31, 2024 and an increase of $881.1 million from June 30, 2023. Net interest margin for the second quarter of 2024 expanded 4 basis points to 3.44% from 3.40% for the first quarter of 2024. Diluted earnings per share of $1.50 for the second quarter of 2024, an increase of 2.7% compared to the first quarter of 2024, inclusive of $5.5 million of expen
Metropolitan Bank Holding Corp. (the "Company") (NYSE:MCB), the holding company for Metropolitan Commercial Bank, today announced it will release second quarter 2024 financial results after the market closes on Thursday, July 18, 2024. The Company will conduct a conference call at 9:00 a.m. ET on Friday, July 19, 2024, to discuss the results. To access the event by telephone, please dial 800-267-6316 (US), 203-518-9783 (INTL), and provide conference ID: MCBQ224 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 secti
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