Metropolitan Bank Holding Corp (MCB)

• Market cap: $687M
• 1 day: 0.57%
• 5 days: 5.90%
• 1 month: 3.40%
• 3 months: 9.69%
• 6 months: 11.55%
• Year to date: 5.61%
• 1 year: 25.31%
• 5 years: 30.78%
• 10 years: 64.88%
• Sector: Financials
• Industry: State Commercial Banks

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

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

173% more first-time investments, than exits

New positions opened: 30 | Existing positions closed: 11

24% more capital invested

Capital invested by funds: $380M [Q2] → $471M (+$90.8M) [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]

0.66% less ownership

Funds ownership: 80.65% [Q2] → 79.99% (-0.66%) [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 21% upside
• Avg. target: $80 30% upside
• High target: $85 39% upside

2 analyst ratings

• positive: 2 100%
• neutral: 0 0%
• negative: 0 0%

Piper Sandler Mark Fitzgibbon 56% 1-year accuracy 9 / 16 met price target	21% upside $74	Overweight Maintained	13 Dec 2024
Keefe, Bruyette & Woods Christopher O'Connell 70% 1-year accuracy 16 / 23 met price target	39% upside $85	Outperform Maintained	4 Dec 2024