Metropolitan Bank (MCB) Coverage Initiated by Analysts at Piper Jaffray Companies

Research analysts at Piper Jaffray Companies began coverage on shares of Metropolitan Bank (NYSE:MCB) in a research report issued to clients and investors on Monday. The firm set a “neutral” rating and a $46.00 price target on the stock. Piper Jaffray Companies’ price target would indicate a potential upside of 4.66% from the company’s current price.

A number of other brokerages have also recently issued reports on MCB. Keefe, Bruyette & Woods began coverage on Metropolitan Bank in a report on Monday. They issued an “outperform” rating for the company. J P Morgan Chase & Co began coverage on Metropolitan Bank in a report on Monday. They issued an “overweight” rating and a $50.00 target price for the company.

Metropolitan Bank (MCB) opened at $43.95 on Monday. Metropolitan Bank has a twelve month low of $36.35 and a twelve month high of $44.53.

In related news, Director Robert C. Patent bought 3,000 shares of the company’s stock in a transaction dated Wednesday, November 8th. The stock was acquired at an average cost of $35.00 per share, with a total value of $105,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link.

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