Metropolitan Bank Holding Corp. (NYSE:MCB) Declares Dividend Increase – $0.35 Per Share

Metropolitan Bank Holding Corp. (NYSE:MCB) declared a quarterly dividend on Monday, July 20th. Investors of record on Friday, July 31st will be given a dividend of 0.35 per share on Tuesday, August 11th. This represents a c) dividend on an annualized basis and a yield of 1.4%. 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 Stock Performance

Shares of Metropolitan Bank stock opened at $98.47 on Tuesday. 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 stock’s fifty day moving average is $94.06 and its two-hundred day moving average is $89.06. Metropolitan Bank has a 52 week low of $64.66 and a 52 week high of $102.04. The company has a market capitalization of $1.22 billion, a PE ratio of 12.13 and a beta of 1.00.

Metropolitan Bank (NYSE:MCB) last released its earnings results on Tuesday, April 21st. The company reported $2.92 earnings per share for the quarter, topping the consensus estimate of $2.19 by $0.73. The business had revenue of $88.49 million during the quarter, compared to the consensus estimate of $87.33 million. Metropolitan Bank had a return on equity of 10.95% and a net margin of 15.89%.

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.