Metropolitan Bank (MCB) Coverage Initiated at Piper Jaffray Companies

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.

COPYRIGHT VIOLATION NOTICE: “Metropolitan Bank (MCB) Coverage Initiated at Piper Jaffray Companies” was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece on another website, it was stolen and reposted in violation of U.S. & international copyright and trademark law. The correct version of this piece can be read at https://ledgergazette.com/2017/12/06/metropolitan-bank-mcb-coverage-initiated-at-piper-jaffray-companies.html.

Receive News & Ratings for Metropolitan Bank Holding Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Metropolitan Bank Holding Corp. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply