Baird raised the firm’s price target on Metropolitan Bank (MCB) to $380 from $305 and keeps an Outperform rating on the shares. The firm previewed its quarterly results and expects solid FQ3 results, including modest upside to revenue and margins; likely in the neighborhood of FQ1/FQ2’s 300bps beat range, and a likely modest full-year increase.
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Read More on MCB:
- Metropolitan Bank Holding Reports Strong Q3 2024 Results
- Metropolitan Bank reports Q3 EPS $1.08, two estimates $1.55
- MCB Upcoming Earnings Report: What to Expect?
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
