Metropolitan Bank Holding CorpMCB
MCB
About: Metropolitan Bank Holding Corp is a bank holding company. It provides a broad 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. The services provided by the company include deposits, trade finance, cash management solutions, savings, electronic banking, cards, and others. The company also provides various lending products such as acquisition loans, construction loans, and lines of credit, for retail, office, hospitality, multifamily, mixed-use, warehouse and distribution, and specialty-use properties. The bank derives its revenue in the form of interest income on loans.
Employees: 277
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
131% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 13
24% more capital invested
Capital invested by funds: $380M [Q2] → $470M (+$90.6M) [Q3]
13% more funds holding
Funds holding: 131 [Q2] → 148 (+17) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 2 [Q2] → 2 (+0) [Q3]
0.69% less ownership
Funds ownership: 80.61% [Q2] → 79.92% (-0.69%) [Q3]
6% less repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 52
28% less call options, than puts
Call options by funds: $3.31M | Put options by funds: $4.6M
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$74
25%
upside
Avg. target
$80
34%
upside
High target
$85
44%
upside
2 analyst ratings
2 positive
100%
0 neutral
0%
0 negative
0%
Piper Sandler Mark Fitzgibbon 73% 1-year accuracy 11 / 15 met price target | 25%upside $74 | Overweight Maintained | 13 Dec 2024 |
Keefe, Bruyette & Woods Christopher O'Connell 70% 1-year accuracy 16 / 23 met price target | 44%upside $85 | Outperform Maintained | 4 Dec 2024 |
Financial journalist opinion
Neutral
Business Wire
2 days ago
Metropolitan Commercial Bank Named to Newsweek's America's Best Regional Banks and Credit Unions 2025
NEW YORK--(BUSINESS WIRE)---- $MCB #mcb--Metropolitan Commercial Bank (the “Bank,” “MCB”), a full-service commercial bank based in New York City announced today that it is recognized as one of America's Best Regional Banks and Credit Unions 2025 by Newsweek and Plant-A Insights Group. Newsweek and Plant-A Insights Group recognized top regional banks and credit unions in the United States, by conducting a large-scale study based on the analysis of over 9,000 institutions, more than 70,000 customer surveys and.
Positive
Zacks Investment Research
3 weeks ago
Metropolitan Bank Holding (MCB) Soars 5.3%: Is Further Upside Left in the Stock?
Metropolitan Bank Holding (MCB) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
Neutral
Seeking Alpha
2 months ago
Metropolitan Bank Holding Corp. (MCB) Q3 2024 Earnings Call Transcript
Metropolitan Bank Holding Corp. (NYSE:MCB ) Q3 2024 Earnings Conference Call October 18, 2024 9:00 AM ET Company Participants Mark DeFazio - President & CEO Daniel Dougherty - EVP & CFO Conference Call Participants Mark Fitzgibbon - Piper Sandler Christopher O'Connell - KBW Feddie Strickland - Hovde Group Operator Welcome to the Metropolitan Commercial Bank Third Quarter 2024 Earnings Call. Hosting the call today from Metropolitan Commercial Bank are Mark DeFazio, President and Chief Executive Officer; and Dan Dougherty, Executive Vice President and Chief Financial Officer.
Positive
Zacks Investment Research
2 months ago
Metropolitan Bank Holding Corp. (MCB) Q3 Earnings and Revenues Beat Estimates
Metropolitan Bank Holding Corp. (MCB) came out with quarterly earnings of $1.86 per share, beating the Zacks Consensus Estimate of $1.55 per share. This compares to earnings of $1.97 per share a year ago.
Neutral
Business Wire
2 months ago
Metropolitan Bank Holding Corp. Reports Third Quarter 2024 Results
NEW YORK--(BUSINESS WIRE)--Metropolitan Bank Holding Corp. (the “Company”) (NYSE: MCB), the holding company for Metropolitan Commercial Bank (the “Bank”), reported net income of $12.3 million, or $1.08 per diluted common share, for the third quarter of 2024 compared to $16.8 million, or $1.50 per diluted common share, for the second quarter of 2024, and $22.1 million, or $1.97 per diluted common share, for the third quarter of 2023. Mark DeFazio, President and Chief Executive Officer, commented.
Neutral
Business Wire
2 months ago
Metropolitan Bank Holding Corp. Announces Third Quarter 2024 Earnings Release and Conference Call Date
NEW YORK--(BUSINESS WIRE)--Metropolitan Bank Holding Corp. (the “Company”) (NYSE: MCB), the holding company for Metropolitan Commercial Bank, today announced it will release third quarter 2024 financial results after the market closes on Thursday, October 17, 2024. The Company will conduct a conference call at 9:00 a.m. ET on Friday, October 18, 2024, to discuss the results. To access the event by telephone, please dial 800-445-7795 (US), 785-424-1699 (INTL), and provide conference ID: MCBQ324.
Neutral
Business Wire
2 months ago
Metropolitan Commercial Bank Recognized as a Member of Piper Sandler's Sm-All Stars Class of 2024
NEW YORK--(BUSINESS WIRE)-- #mcb--Metropolitan Bank Holding Corp. (the “Company”) (NYSE: MCB), the holding company for Metropolitan Commercial Bank is pleased to announce its recognition as a member of Piper Sandler's Sm-All Stars Class of 2024. This year's class admits 8 new members and welcomes back 22 alumni. The list recognizes 30 companies that outperformed the industry across a variety of metrics including growth, profitability, credit and capital. “Metropolitan Commercial Bank is thrilled to re.
Positive
Seeking Alpha
2 months ago
Metropolitan Bank Holding Corp Has Had An Excellent Run (Rating Downgrade)
Metropolitan Bank Holding Corp. saw a 30% share price surge since late June, outperforming the S&P 500's 4.2% increase. The firm achieved strong Q2 performance, with net interest income rising to $60 million, driven by increased interest-earning assets. Despite a decline in deposits and non-interest income, the bank remains attractively priced compared to peers.
Neutral
Zacks Investment Research
3 months ago
Is the Options Market Predicting a Spike in Metropolitan Bank Holding (MCB) Stock?
Investors need to pay close attention to Metropolitan Bank Holding (MCB) stock based on the movements in the options market lately.
Neutral
Business Wire
3 months ago
Metropolitan Commercial Bank Rings NYSE Opening Bell to Commemorate 25th Anniversary
NEW YORK--(BUSINESS WIRE)-- #mcb--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. 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.
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