Metropolitan Bank Holding Corp. (NYSE:MCB) Raises Dividend to $0.20 Per Share

Metropolitan Bank Holding Corp. (NYSE:MCB) declared a quarterly dividend on Friday, January 16th. Shareholders of record on Tuesday, January 27th will be paid a dividend of 0.20 per share on Friday, February 6th. This represents a c) dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Tuesday, January 27th. This is a 33.3% increase from Metropolitan Bank’s previous quarterly dividend of $0.15.

Metropolitan Bank Trading Down 5.6%

Shares of Metropolitan Bank stock opened at $89.60 on Friday. The firm has a market cap of $922.90 million, a PE ratio of 13.47 and a beta of 1.13. Metropolitan Bank has a 1 year low of $47.08 and a 1 year high of $96.75. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a fifty day moving average price of $78.33 and a 200-day moving average price of $75.51.

Metropolitan Bank (NYSE:MCB) last issued its quarterly earnings results on Tuesday, January 20th. The company reported $2.77 earnings per share for the quarter, topping analysts’ consensus estimates of $2.07 by $0.70. Metropolitan Bank had a net margin of 13.49% and a return on equity of 9.73%. The company had revenue of $88.41 million for the quarter, compared to the consensus estimate of $83.15 million. Equities research analysts anticipate that Metropolitan Bank will post 7.31 EPS for the current year.

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.