NYSE:MCB

Stock Analysis Report

Metropolitan Bank Holding

Executive Summary

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.


Snowflake Analysis

Very undervalued with flawless balance sheet.


Similar Companies

Share Price & News

How has Metropolitan Bank Holding's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MCB's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-9.1%

MCB

-9.6%

US Banks

-2.8%

US Market


1 Year Return

-33.2%

MCB

-34.8%

US Banks

-15.9%

US Market

Return vs Industry: MCB exceeded the US Banks industry which returned -34.8% over the past year.

Return vs Market: MCB underperformed the US Market which returned -15.9% over the past year.


Shareholder returns

MCBIndustryMarket
7 Day-9.1%-9.6%-2.8%
30 Day-38.9%-28.8%-18.8%
90 Day-48.3%-44.1%-24.0%
1 Year-33.2%-33.2%-32.8%-34.8%-14.2%-15.9%
3 Yearn/a-23.9%-29.5%9.9%2.8%
5 Yearn/a0.7%-11.0%27.2%13.3%

Price Volatility Vs. Market

How volatile is Metropolitan Bank Holding's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Metropolitan Bank Holding undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MCB ($24.3) is trading below our estimate of fair value ($49.39)

Significantly Below Fair Value: MCB is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: MCB is good value based on its PE Ratio (6.7x) compared to the Banks industry average (8.5x).

PE vs Market: MCB is good value based on its PE Ratio (6.7x) compared to the US market (12.2x).


Price to Earnings Growth Ratio

PEG Ratio: MCB is good value based on its PEG Ratio (0.4x)


Price to Book Ratio

PB vs Industry: MCB is good value based on its PB Ratio (0.7x) compared to the US Banks industry average (0.8x).


Next Steps

Future Growth

How is Metropolitan Bank Holding forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

17.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MCB's forecast earnings growth (17.5% per year) is above the savings rate (1.7%).

Earnings vs Market: MCB's earnings (17.5% per year) are forecast to grow faster than the US market (13.4% per year).

High Growth Earnings: MCB's earnings are forecast to grow, but not significantly.

Revenue vs Market: MCB's revenue (17.5% per year) is forecast to grow faster than the US market (7% per year).

High Growth Revenue: MCB's revenue (17.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MCB's Return on Equity is forecast to be low in 3 years time (11.9%).


Next Steps

Past Performance

How has Metropolitan Bank Holding performed over the past 5 years?

54.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MCB has high quality earnings.

Growing Profit Margin: MCB's current net profit margins (28.5%) are lower than last year (31.6%).


Past Earnings Growth Analysis

Earnings Trend: MCB's earnings have grown significantly by 54.1% per year over the past 5 years.

Accelerating Growth: MCB's earnings growth over the past year (16.9%) is below its 5-year average (54.1% per year).

Earnings vs Industry: MCB earnings growth over the past year (16.9%) exceeded the Banks industry 10.9%.


Return on Equity

High ROE: MCB's Return on Equity (10.1%) is considered low.


Next Steps

Financial Health

How is Metropolitan Bank Holding's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: MCB has a low level of unsold assets or inventory.

Debt Coverage by Assets: MCB's debt is covered by short term assets (assets are 1.8x debt).


Financial Institutions Analysis

Asset Level: MCB's level of assets compared to its equity is moderate.

Allowance for Bad Loans: MCB has a sufficient allowance for bad loans.

Low Risk Liabilities: MCB's liabilities are made up of primarily low risk sources of funding.

Loan Level: MCB has an acceptable proportion of non-loan assets held.

Low Risk Deposits: MCB's loans are broadly funded by customer deposits.

Level of Bad Loans: MCB has an appropriate level of bad loans (0.17%)


Next Steps

Dividend

What is Metropolitan Bank Holding's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate MCB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate MCB's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if MCB's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MCB's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MCB's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.8yrs

Average management tenure


CEO

Mark DeFazio (56yo)

no data

Tenure

US$1,695,331

Compensation

Mr. Mark R. DeFazio is President, CEO and Director(since 1999) at Metropolitan Bank Holding Corp. Mr. DeFazio is a founding member of Metropolitan Commercial Bank (the “Bank”). Since its inception, he has  ...


CEO Compensation Analysis

Compensation vs Market: Mark's total compensation ($USD1.70M) is about average for companies of similar size in the US market ($USD1.51M).

Compensation vs Earnings: Mark's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Mark DeFazio
Presidentno dataUS$1.70m1.45% $2.9m
Nick Rosenberg
Executive VP & Head of Global Paymentsno dataUS$815.71k0.23% $463.6k
Anthony Fabiano
Executive VP & CFO1.83yrsno data0.052% $104.7k
Gerard Perri
Executive VP & COO2.33yrsno data0.052% $105.7k
Daniel Wong
VP, Controller & Principal Accounting Officer2.08yrsno datano data
Michael Giorgio
Senior VP & CTO1.5yrsno datano data
Edward Nebb
Investor Relations Contactno datano datano data
Michael Guarino
Executive VP & Legal Counselno datano data0.10% $201.9k
Laura Capra
Executive VP & Head of Retail Bankingno datano data0.20% $396.3k
Imran Riaz
Senior VP & Chief Credit Risk Officer0.58yrno datano data

1.8yrs

Average Tenure

57yo

Average Age

Experienced Management: MCB's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Mark DeFazio
Presidentno dataUS$1.70m1.45% $2.9m
Terence Mitchell
Independent Director3.25yrsUS$167.16k0.10% $209.1k
David Gavrin
Independent Director21.25yrsUS$222.16k0.72% $1.4m
Harvey Gutman
Independent Director12.25yrsUS$211.16k0.15% $308.4k
Maria Ramirez
Independent Director6.25yrsUS$201.66k0.28% $572.4k
Robert Patent
Independent Director21.25yrsUS$266.16k1.93% $3.9m
George Wolf
Independent Director19.25yrsUS$185.16k0.22% $441.4k
Dale Fredston
Independent Director4.25yrsUS$214.66k0.098% $198.5k
David Gold
Independent Director4.25yrsUS$253.66k0.21% $418.7k
William Reinhardt
Independent Chairman of the Board1.92yrsUS$402.66k0.14% $274.4k

9.3yrs

Average Tenure

68yo

Average Age

Experienced Board: MCB's board of directors are considered experienced (9.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: MCB insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Metropolitan Bank Holding Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Metropolitan Bank Holding Corp.
  • Ticker: MCB
  • Exchange: NYSE
  • Founded: 1999
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$201.707m
  • Shares outstanding: 8.30m
  • Website: https://www.metropolitanbankny.com

Number of Employees


Location

  • Metropolitan Bank Holding Corp.
  • 99 Park Avenue
  • New York
  • New York
  • 10016
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MCBNYSE (New York Stock Exchange)YesCommon StockUSUSDNov 2017

Biography

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. It offers checking, savings, term deposit, and money market accounts, as well as certificates of deposit. The company also provides lending products, including commercial, construction, multifamily, and one-to four-family real estate loans; commercial and industrial loans; trade finance and letters of credit, term loans, and working capital lines of credit; commercial mortgages; and consumer loans. In addition, it offers cash management solutions, such as wire transfers, ACH, and foreign exchange conversion, as well as online and mobile banking, ACH, remote deposit capture, and debit card services. The company was founded in 1999 and is headquartered in New York, New York. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/05 08:13
End of Day Share Price2020/04/03 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.