Metropolitan Bank (NYSE:MCB) Shares Gap Down After Earnings Miss

Metropolitan Bank Holding Corp. (NYSE:MCB)’s stock price gapped down prior to trading on Wednesday following a dissappointing earnings announcement. The stock had previously closed at $99.07, but opened at $87.30. Metropolitan Bank shares last traded at $89.4520, with a volume of 70,193 shares traded.

The company reported $1.54 EPS 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 10.72%.

Metropolitan Bank Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 11th. Stockholders of record on Friday, July 31st will be issued a $0.35 dividend. The ex-dividend date is Friday, July 31st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.5%. This is a boost from Metropolitan Bank’s previous quarterly dividend of $0.25. Metropolitan Bank’s payout ratio is 12.32%.

Trending Headlines about Metropolitan Bank

Here are the key news stories impacting Metropolitan Bank this week:

• Positive Sentiment: Keefe, Bruyette & Woods lowered its price target on Metropolitan Bank Holding Corp. to $110 from $120, but kept an outperform rating, which still implies meaningful upside from current levels. Benzinga
• Positive Sentiment: Management signaled ongoing growth initiatives on the Q2 earnings call, including efforts to expand net interest margin toward 4.20% in 2026 and continue scaling AI and payments-related businesses. Seeking Alpha
• Neutral Sentiment: Several summaries of the Q2 earnings call and presentation highlighted strategic growth themes, suggesting investors are still assessing whether the bank can convert those initiatives into stronger profitability. Seeking Alpha
• Negative Sentiment: Market commentary pointed to the stock falling sharply after Q2 results because investors were disappointed by higher provisioning and elevated operating expenses, overshadowing the bank’s year-over-year growth. The Motley Fool

Analyst Ratings Changes

A number of research firms recently commented on MCB. Weiss Ratings raised shares of Metropolitan Bank from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 11th. Wall Street Zen raised shares of Metropolitan Bank from a “hold” rating to a “buy” rating in a report on Saturday, April 4th. UBS Group initiated coverage on shares of Metropolitan Bank in a research report on Thursday, April 16th. They set a “neutral” rating and a $97.00 price target for the company. Finally, Keefe, Bruyette & Woods decreased their price target on Metropolitan Bank from $120.00 to $110.00 and set an “outperform” rating on the stock in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Metropolitan Bank currently has a consensus rating of “Buy” and an average target price of $103.50.

Insider Transactions at Metropolitan Bank

In other news, Director Harvey Gutman sold 3,000 shares of Metropolitan Bank stock in a transaction on Friday, May 29th. The stock was sold at an average price of $89.58, for a total transaction of $268,740.00. Following the completion of the transaction, the director owned 18,243 shares of the company’s stock, valued at $1,634,207.94. The trade was a 14.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Robert C. Patent sold 10,000 shares of the stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $96.41, for a total transaction of $964,100.00. Following the completion of the sale, the director directly owned 86,185 shares in the company, valued at approximately $8,309,095.85. The trade was a 10.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 19,897 shares of company stock valued at $1,874,352 in the last 90 days. 5.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Emerald Advisers LLC purchased a new stake in Metropolitan Bank in the 1st quarter valued at approximately $25,000. Royal Bank of Canada raised its holdings in shares of Metropolitan Bank by 70.4% in the fourth quarter. Royal Bank of Canada now owns 346 shares of the company’s stock worth $27,000 after acquiring an additional 143 shares during the last quarter. Quarry LP acquired a new position in shares of Metropolitan Bank in the third quarter worth $48,000. Kestra Advisory Services LLC purchased a new stake in shares of Metropolitan Bank in the fourth quarter valued at $51,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of Metropolitan Bank by 41.5% in the second quarter. Tower Research Capital LLC TRC now owns 1,670 shares of the company’s stock valued at $117,000 after acquiring an additional 490 shares in the last quarter. 79.83% of the stock is owned by hedge funds and other institutional investors.

Metropolitan Bank Trading Up 1.0%

The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.02. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 11.53 and a beta of 1.00. The business has a 50 day moving average of $94.41 and a 200 day moving average of $89.42.

Metropolitan Bank Company Profile

Metropolitan Bank (NYSE:MCB), through its principal subsidiary Metropolitan Commercial Bank, operates as a New York–based regional financial institution providing a range of commercial and consumer banking services. The company offers deposit products including checking, savings and money market accounts, as well as business and personal certificates of deposit. On the lending side, Metropolitan Bank extends commercial real estate financing, equipment loans, working capital lines of credit and consumer installment loans tailored to the needs of small- and medium-sized enterprises and individual customers.

In addition to traditional deposit and lending services, Metropolitan Bank provides specialized treasury and cash-management solutions, foreign exchange services and letters of credit for both domestic businesses and multinational clients.