Profile
Sector:
Financial ServicesIndustry:
Banks - RegionalCountry:
United StatesIPO:
08 November 2017Website:
http://www.mcbankny.comNext earnings report:
17 January 2025Last dividends:
N/ANext dividends:
N/APrice
after hours | Fri, 01 Nov 2024 20:06:17 GMTDividend
Analysts recommendations
Institutional Ownership
MCB Latest News
The Whitestone Board Has Summarily Rejected and Refused to Engage Regarding MCB's Improved $15.00 per Share All-Cash Proposal, which would Deliver a 14.5% Premium to Whitestone Shareholders MCB Urges the Whitestone Board and Management Team to Cease their Entrenchment Tactics and Answer Shareholders' Questions MCB Calls on Whitestone Shareholders to Make their Voices Heard; Visit www.MaximizingWhitestoneValue.com for More Information BALTIMORE , Oct. 31, 2024 /PRNewswire/ -- MCB Real Estate ("MCB"), a leading commercial real estate developer and investment management firm with a diverse nationwide portfolio and approximately $3 billion in AUM, today issued the following statement regarding its proposal to acquire Whitestone REIT (NYSE: WSR) ("Whitestone") for $15.00 per share in cash: MCB stands ready to deliver immediate and certain value to Whitestone shareholders. Our proposal is compelling by all reasonable metrics, reflecting a 14.5% premium to Whitestone's share price prior to our initial proposal on June 3, 2024, and a 61.8% premium to Whitestone's unaffected share price prior to the rumored Fortress proposal on October 26, 2023.
HOUSTON, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) provided the following response to MCB's recent indication of interest:
Metropolitan Bank Holding Corp. (MCB) came out with quarterly earnings of $1.86 per share, beating the Zacks Consensus Estimate of $1.55 per share. This compares to earnings of $1.97 per share a year ago.
MCB Real Estate's $15 per share buyout offer for Whitestone REIT is too low, with WSR's fair value estimated closer to $17 per share. The hostile takeover attempt by MCB could spark competing bids from other REITs or private equity, given improved market conditions and lower interest rates. Whitestone REIT's standalone prospects are favorable, with strong leasing, rising occupancy, and healthy NOI growth, making a buyout less necessary.
Proposal Would Deliver Immediate and Certain 14.5% Premium to Whitestone Shareholders Compared to Share Price Prior to Initial Proposal Per Share Price Represents a 61.8% Premium to Whitestone's Unaffected Share Price Prior to Takeover Rumors Sends Letter to Whitestone Board Detailing Compelling and Certain Value of All-Cash Proposal Launches www.MaximizingWhitestoneValue.com BALTIMORE , Oct. 9, 2024 /PRNewswire/ -- MCB Real Estate ("MCB"), a leading commercial real estate developer and investment management firm with a diverse nationwide portfolio and approximately $3 billion in AUM, today sent a letter to the Board of Trustees of Whitestone REIT (NYSE: WSR) ("Whitestone") increasing the value of its proposal to acquire the company in an all-cash transaction. Additional materials regarding the proposal are available at www.MaximizingWhitestoneValue.com.
NEW YORK--(BUSINESS WIRE)--Metropolitan Bank Holding Corp. (the “Company”) (NYSE: MCB), the holding company for Metropolitan Commercial Bank, today announced it will release third quarter 2024 financial results after the market closes on Thursday, October 17, 2024. The Company will conduct a conference call at 9:00 a.m. ET on Friday, October 18, 2024, to discuss the results. To access the event by telephone, please dial 800-445-7795 (US), 785-424-1699 (INTL), and provide conference ID: MCBQ324.
Metropolitan Bank Holding Corp. saw a 30% share price surge since late June, outperforming the S&P 500's 4.2% increase. The firm achieved strong Q2 performance, with net interest income rising to $60 million, driven by increased interest-earning assets. Despite a decline in deposits and non-interest income, the bank remains attractively priced compared to peers.
Investors need to pay close attention to Metropolitan Bank Holding (MCB) stock based on the movements in the options market lately.
The headline numbers for Metropolitan Bank Holding (MCB) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Metropolitan Bank Holding Corp. (MCB) came out with quarterly earnings of $1.50 per share, missing the Zacks Consensus Estimate of $1.57 per share. This compares to earnings of $1.37 per share a year ago.
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What type of business is Metropolitan Bank Holding?
Metropolitan Bank Holding Corp. operates as the bank holding company for Metropolitan Commercial Bank that provides a range of business, commercial, and retail banking products and services to small businesses, middle-market enterprises, public entities, and individuals in the New York metropolitan area. The company offers checking, savings, term deposit, money market, demand deposit, and other interest-bearing transaction accounts. It also provides lending products, including commercial real estate, multi-family, construction, and one-to four-family real estate loans; commercial and industrial loans; consumer loans; acquisition and renovation loans; loans to refinance or return borrower equity; loans on owner-occupied properties; working capital lines of credit; trade finance and letters of credit; and term loans. In addition, the company offers cash management services, as well as online and mobile banking, ACH, remote deposit capture, and debit cards. The company was formerly known as Metbank Holding Corp. and changed its name to Metropolitan Bank Holding Corp. in January 2007. Metropolitan Bank Holding Corp. was incorporated in 1997 and is headquartered in New York, New York.
What sector is Metropolitan Bank Holding in?
Metropolitan Bank Holding is in the Financial Services sector
What industry is Metropolitan Bank Holding in?
Metropolitan Bank Holding is in the Banks - Regional industry
What country is Metropolitan Bank Holding from?
Metropolitan Bank Holding is headquartered in United States
When did Metropolitan Bank Holding go public?
Metropolitan Bank Holding initial public offering (IPO) was on 08 November 2017
What is Metropolitan Bank Holding website?
https://www.mcbankny.com
Is Metropolitan Bank Holding in the S&P 500?
No, Metropolitan Bank Holding is not included in the S&P 500 index
Is Metropolitan Bank Holding in the NASDAQ 100?
No, Metropolitan Bank Holding is not included in the NASDAQ 100 index
Is Metropolitan Bank Holding in the Dow Jones?
No, Metropolitan Bank Holding is not included in the Dow Jones index
When was Metropolitan Bank Holding the previous earnings report?
No data
When does Metropolitan Bank Holding earnings report?
The next expected earnings date for Metropolitan Bank Holding is 17 January 2025