* Metropolitan Bank Holding Corp reported quarterly adjusted earnings of $1.46 per share for the quarter ended in March, lower than the same quarter last year, when the company reported EPS of $2.25. The mean expectation of four analysts for the quarter was for earnings of $1.34 per share. Wall Street expected results to range from $1.19 to $1.41 per share.
* Revenue rose 1.8% to $66.71 million from a year ago; analysts expected $64.56 million.
* Metropolitan Bank Holding Corp's reported EPS for the quarter was $1.46.
* The company reported quarterly net income of $16.2 million.
* Metropolitan Bank Holding Corp shares had fallen by 14.0% this quarter and lost 40.2% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 8.4% in the last three months.
* In the last 30 days, two analysts negatively revised earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the banks peer group is also "buy"
Wall Street's median 12-month price target for Metropolitan Bank Holding Corp is $50.00 This summary was machine generated from LSEG data April 19 at 10:06 a.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Mar. 31 2024 1.34 1.46 Beat
Dec. 31 2023 1.49 1.28 Missed
Sep. 30 2023 1.63 1.97 Beat
Jun. 30 2023 1.75 1.37 Missed
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