Metropolitan Bank Holding Corp. with ticker code (MCB) have now 2 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The range between the high target price and low target price is between 47 and 36 with a mean TP of 41.5. Given that the stocks previous close was at 36.7 this indicates there is a potential upside of 13.1%. There is a 50 day moving average of 31.84 and the 200 moving average now moves to 30.56. The market capitalisation for the company is $294m. Company Website: http://www.metropolitanbankny.com
Metropolitan Bank Holding Corp. operates as the bank holding company for Metropolitan Commercial Bank that provides a 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 company offers checking, savings, term deposit, and money market accounts, as well as certificates of deposit. It also provides lending products, including commercial, construction, multifamily, and one-to four-family real estate loans; commercial and industrial loans; trade finance and letters of credit, term loans, and working capital lines of credit; commercial mortgages; and consumer loans. In addition, the company offers cash management solutions, such as wire transfers, ACH, and foreign exchange conversion, as well as online and mobile banking, ACH, remote deposit capture, and debit card services. As of April 20, 2020, it operated six locations in Manhattan and Brooklyn, as well as Great Neck, Long Island. The company was founded in 1999 and is headquartered in New York, New York.
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