The price-to-earnings ratio for Metropolitan Bank Holding Corp (NYSE: MCB) is above average at 6.43x. The 36-month beta value for MCB is also noteworthy at 1.20. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The public float for MCB is 9.58M, and at present, short sellers hold a 6.93% of that float. The average trading volume of MCB on April 22, 2024 was 104.63K shares.
MCB) stock’s latest price update
The stock of Metropolitan Bank Holding Corp (NYSE: MCB) has increased by 18.01 when compared to last closing price of 33.10.Despite this, the company has seen a gain of 13.32% in its stock price over the last five trading days. The Motley Fool reported 2024-04-19 that Metropolitan Bank posted a solid first-quarter beat, helping to calm investor nerves around the stock. Midsize banks, and in particular New York-area banks, have been in the spotlight due to troubles at New York Community Bancorp.
MCB’s Market Performance
Metropolitan Bank Holding Corp (MCB) has experienced a 13.32% rise in stock performance for the past week, with a 0.70% rise in the past month, and a -14.98% drop in the past quarter. The volatility ratio for the week is 5.50%, and the volatility levels for the past 30 days are at 3.90% for MCB. The simple moving average for the past 20 days is 9.45% for MCB’s stock, with a -4.56% simple moving average for the past 200 days.
Analysts’ Opinion of MCB
Many brokerage firms have already submitted their reports for MCB stocks, with Piper Sandler repeating the rating for MCB by listing it as a “Overweight.” The predicted price for MCB in the upcoming period, according to Piper Sandler is $60 based on the research report published on December 15, 2023 of the previous year 2023.
Hovde Group, on the other hand, stated in their research note that they expect to see MCB reach a price target of $50. The rating they have provided for MCB stocks is “Outperform” according to the report published on September 27th, 2023.
MCB Trading at 1.21% from the 50-Day Moving Average
After a stumble in the market that brought MCB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -31.65% of loss for the given period.
Volatility was left at 3.90%, however, over the last 30 days, the volatility rate increased by 5.50%, as shares surge +0.10% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.85% lower at present.
During the last 5 trading sessions, MCB rose by +13.32%, which changed the moving average for the period of 200-days by +12.40% in comparison to the 20-day moving average, which settled at $35.69. In addition, Metropolitan Bank Holding Corp saw -29.47% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for MCB
Current profitability levels for the company are sitting at:
- 0.39 for the present operating margin
- 1.08 for the gross margin
The net margin for Metropolitan Bank Holding Corp stands at 0.2. The total capital return value is set at 0.02. Equity return is now at value 10.63, with 0.99 for asset returns.
Based on Metropolitan Bank Holding Corp (MCB), the company’s capital structure generated 0.39 points at debt to capital in total, while cash flow to debt ratio is standing at 0.01. The debt to equity ratio resting at 0.64. The interest coverage ratio of the stock is 1.01.
Currently, EBITDA for the company is 106.92 million with net debt to EBITDA at -1.01. When we switch over and look at the enterprise to sales, we see a ratio of 0.94. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.31.
Conclusion
In summary, Metropolitan Bank Holding Corp (MCB) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
