Research analysts at Piper Jaffray Companies began coverage on shares of Metropolitan Bank (NYSE:MCB) in a report released on Monday. The brokerage set a “neutral” rating and a $46.00 price target on the stock. Piper Jaffray Companies’ price objective suggests a potential upside of 3.19% from the stock’s current price.
Other equities analysts have also recently issued reports about the stock. Keefe, Bruyette & Woods initiated coverage on shares of Metropolitan Bank in a report on Monday. They set an “outperform” rating and a $50.00 price target on the stock. J P Morgan Chase & Co initiated coverage on shares of Metropolitan Bank in a report on Monday. They set an “overweight” rating and a $50.00 price target on the stock.
Metropolitan Bank (NYSE MCB) opened at $44.58 on Monday. Metropolitan Bank has a fifty-two week low of $36.35 and a fifty-two week high of $45.14.
In related news, Director Robert C. Patent purchased 3,000 shares of the stock in a transaction dated Wednesday, November 8th. The shares were acquired at an average cost of $35.00 per share, for a total transaction of $105,000.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.
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