Piper Jaffray Companies initiated coverage on shares of Metropolitan Bank (NYSE:MCB) in a research report issued on Monday. The firm set a “neutral” rating and a $46.00 price target on the stock. Piper Jaffray Companies’ target price indicates a potential upside of 4.66% from the stock’s previous close.

Several other equities analysts also recently commented on MCB. J P Morgan Chase & Co started coverage on shares of Metropolitan Bank in a research note on Monday. They set an “overweight” rating and a $50.00 price objective for the company. Keefe, Bruyette & Woods started coverage on shares of Metropolitan Bank in a research note on Monday. They set an “outperform” rating for the company.

Metropolitan Bank (MCB) opened at $43.95 on Monday. Metropolitan Bank has a one year low of $36.35 and a one year high of $44.53.

In other news, Director Robert C. Patent acquired 3,000 shares of the stock in a transaction dated Wednesday, November 8th. The stock was purchased at an average cost of $35.00 per share, with a total value of $105,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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