Metropolitan Bank Holding Corp. (MCB) to Issue Quarterly Dividend of $0.25 on May 12th

Metropolitan Bank Holding Corp. (NYSE:MCB) declared a quarterly dividend on Monday, April 20th. Investors of record on Friday, May 1st will be paid a dividend of 0.25 per share on Tuesday, May 12th. This represents a c) dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Friday, May 1st. This is a 25.0% increase from Metropolitan Bank’s previous quarterly dividend of $0.20.

Metropolitan Bank Trading Down 2.9%

Shares of MCB stock opened at $88.70 on Wednesday. Metropolitan Bank has a 1 year low of $53.80 and a 1 year high of $97.84. The firm’s fifty day simple moving average is $85.80 and its 200 day simple moving average is $80.75. The firm has a market capitalization of $1.10 billion, a P/E ratio of 13.34 and a beta of 1.13. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.01.

Metropolitan Bank (NYSE:MCB) last announced its earnings results on Tuesday, April 21st. The company reported $2.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.19 by $0.73. Metropolitan Bank had a net margin of 13.49% and a return on equity of 9.69%. The business had revenue of $88.49 million for the quarter, compared to analyst estimates of $87.33 million.

Wall Street Analysts Forecast Growth

MCB has been the topic of several analyst reports. Keefe, Bruyette & Woods boosted their price target on shares of Metropolitan Bank from $90.00 to $105.00 and gave the company an “outperform” rating in a report on Thursday, January 22nd. Zacks Research raised shares of Metropolitan Bank from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 21st. Wall Street Zen raised shares of Metropolitan Bank from a “hold” rating to a “buy” rating in a report on Saturday, April 4th. Weiss Ratings raised shares of Metropolitan Bank from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, April 6th. Finally, UBS Group initiated coverage on shares of Metropolitan Bank in a report on Thursday, April 16th. They issued a “neutral” rating and a $97.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Metropolitan Bank has an average rating of “Buy” and an average target price of $93.67.

Metropolitan Bank Company Profile

Metropolitan Bank (NYSE:MCB), through its principal subsidiary Metropolitan Commercial Bank, operates as a New York–based regional financial institution providing a range of commercial and consumer banking services. The company offers deposit products including checking, savings and money market accounts, as well as business and personal certificates of deposit. On the lending side, Metropolitan Bank extends commercial real estate financing, equipment loans, working capital lines of credit and consumer installment loans tailored to the needs of small- and medium-sized enterprises and individual customers.

In addition to traditional deposit and lending services, Metropolitan Bank provides specialized treasury and cash-management solutions, foreign exchange services and letters of credit for both domestic businesses and multinational clients.