Metropolitan Bank Holding Corp. (MCB) to Distribute Quarterly Dividend of $0.35 on August 11th

Metropolitan Bank Holding Corp. (NYSE:MCB) declared a quarterly dividend on Monday, July 20th. Investors of record on Friday, July 31st will be paid a dividend of 0.35 per share on Tuesday, August 11th. This represents a c) dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Friday, July 31st. This is a 40.0% increase from Metropolitan Bank’s previous quarterly dividend of $0.25.

Metropolitan Bank Price Performance

NYSE MCB opened at $92.03 on Wednesday. The stock’s 50-day moving average price is $94.63 and its two-hundred day moving average price is $89.68. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.02. The company has a market cap of $1.14 billion, a PE ratio of 11.65 and a beta of 1.00. Metropolitan Bank has a 1 year low of $64.66 and a 1 year high of $102.04.

Metropolitan Bank (NYSE:MCB) last posted its quarterly earnings data on Tuesday, July 21st. The company reported $1.54 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.76). The firm had revenue of $93.01 million for the quarter, compared to analysts’ expectations of $93.39 million. Metropolitan Bank had a net margin of 14.31% and a return on equity of 10.72%.

About Metropolitan Bank

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.