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Metropolitan Bank HoldingNYSE: MCB

Profile

Country:

United States

IPO:

08 November 2017

Next earnings report:

17 January 2025

Last dividends:

N/A

Next dividends:

N/A
$677.23 M
-44%vs. 3y high
53%vs. sector
-34%vs. 3y high
26%vs. sector
-56%vs. 3y high
30%vs. sector
-62%vs. 3y high
37%vs. sector

Price

pre-market | 42 min ago
$60.48-$2.67(-4.23%)

Dividend

No data over the past 3 years
$71.52 M$67.46 M
$71.52 M$12.27 M

Analysts recommendations

Institutional Ownership

MCB Latest News

MCB Withdraws Proposal to Acquire Whitestone Due to Whitestone Board's Entrenchment and Refusal to Engage
prnewswire.com18 November 2024 Sentiment: NEGATIVE

Calls on Independent Trustees of Whitestone to Initiate Strategic Review Process to Maximize Value for Whitestone Shareholders Reminds Trustees of the Whitestone Board's Fiduciary Duties BALTIMORE , Nov. 18, 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") withdrawing MCB's previously announced proposal to acquire the company. MCB sent the following letter to the Whitestone Board: November 18, 2024 Board of TrusteesC/O David K.

MCB Calls on Whitestone to Maximize Shareholder Value
prnewswire.com31 October 2024 Sentiment: NEUTRAL

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.

Whitestone REIT Responds to MCB Indication of Interest
globenewswire.com30 October 2024 Sentiment: NEUTRAL

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) Q3 Earnings and Revenues Beat Estimates
zacks.com17 October 2024 Sentiment: POSITIVE

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.

Whitestone Buyout Offer Undervalues Its Assets
seekingalpha.com11 October 2024 Sentiment: POSITIVE

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.

MCB Real Estate Increases Proposal to Acquire Whitestone REIT to $15.00 Per Share in Cash and Seeks Board Engagement
prnewswire.com09 October 2024 Sentiment: POSITIVE

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.

Metropolitan Bank Holding Corp. Announces Third Quarter 2024 Earnings Release and Conference Call Date
businesswire.com04 October 2024 Sentiment: POSITIVE

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 Has Had An Excellent Run (Rating Downgrade)
seekingalpha.com27 September 2024 Sentiment: POSITIVE

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.

Is the Options Market Predicting a Spike in Metropolitan Bank Holding (MCB) Stock?
zacks.com30 August 2024 Sentiment: POSITIVE

Investors need to pay close attention to Metropolitan Bank Holding (MCB) stock based on the movements in the options market lately.

Metropolitan Bank Holding (MCB) Reports Q2 Earnings: What Key Metrics Have to Say
zacks.com18 July 2024 Sentiment: POSITIVE

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.

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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