KBW analyst Christopher O’Connell maintained a Buy rating on Metropolitan Bank Holding (MCB – Research Report) yesterday and set a price target of $55.00. The company’s shares closed last Friday at $39.06.
O’Connell covers the Financial sector, focusing on stocks such as Lakeland Bancorp, Berkshire Hills, and Dime Community Bancshares. According to TipRanks, O’Connell has an average return of 4.9% and a 42.86% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Metropolitan Bank Holding with a $51.67 average price target, representing a 32.28% upside. In a report released on April 19, Piper Sandler also assigned a Buy rating to the stock with a $50.00 price target.
MCB market cap is currently $433.2M and has a P/E ratio of 6.43.
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Metropolitan Bank Holding (MCB) Company Description:
Metropolitan Bank Holding Corp. engages in the provision of banking solutions. Through it subsidiary, the Metropolitan Commercial Bank, it provides a range of business, commercial and retail banking products and services to small businesses, middle-market enterprises, public entities and affluent individuals. The company is headquartered in New York, NY.
