Metropolitan Bank Holding Corp. (NYSE:MCB) Shareholders to Collect $0.35 Quarterly Dividend

Metropolitan Bank Holding Corp. (NYSE:MCB) announced a quarterly dividend on Monday, October 19th. Stockholders of record on Friday, October 30th will be given a dividend of $0.35 per share on Tuesday, November 10th. This represents a $1.40 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Friday, October 30th.

Metropolitan Bank Stock Performance

Shares of MCB stock opened at $86.62 on Tuesday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.02. The firm has a fifty day moving average price of $89.97 and a 200 day moving average price of $91.40. The company has a market cap of $1.07 billion, a P/E ratio of 11.04 and a beta of 1.03. Metropolitan Bank has a 12 month low of $64.66 and a 12 month high of $102.04.

Metropolitan Bank (NYSE:MCB) last posted its quarterly earnings results on Tuesday, July 21st. The company reported $1.54 earnings per share for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.76). The business had revenue of $93.01 million during the quarter, compared to analyst estimates of $93.39 million. Metropolitan Bank had a net margin of 14.31% and a return on equity of 10.22%.

Analyst Upgrades and Downgrades

MCB has been the topic of a number of recent analyst reports. UBS Group dropped their price objective on Metropolitan Bank from $110.00 to $100.00 and set a “neutral” rating on the stock in a report on Tuesday, July 28th. Wall Street Zen cut Metropolitan Bank from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Keefe, Bruyette & Woods decreased their target price on Metropolitan Bank from $120.00 to $110.00 and set an “outperform” rating for the company in a research note on Thursday, July 23rd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Metropolitan Bank in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Metropolitan Bank currently has a consensus rating of “Buy” and a consensus price target of $105.00.

About Metropolitan Bank

Metropolitan Bank Holding Corp. is the parent company of Metropolitan Commercial Bank, a full-service commercial bank headquartered in New York. Founded in 1999, the bank provides financial services to businesses, entrepreneurs, institutions and consumers through its branch network and digital banking channels.

Metropolitan Commercial Bank offers commercial and consumer deposit accounts, business and real estate lending, personal loans, cash-management and treasury services, online and mobile banking, and other payment-related solutions.