Metropolitan Bank Holding (MCB) Soars 5.3%: Is Further Upside Left in the Stock?

Company Overview - Metropolitan Bank Holding Corp. (MCB) shares increased by 5.3% to close at $66.52, with notable trading volume compared to typical sessions, and a total gain of 16.7% over the past four weeks [1][2] - MCB stock reached a new 52-week high of$ 67.35, driven by investor optimism regarding bank stocks following the U.S. presidential election results, with expectations of deregulation and favorable macroeconomic conditions [2] Earnings Expectations - The company is projected to report quarterly earnings of $1.49 per share, reflecting a year-over-year increase of 16.4%, with revenues expected to be$ 64.6 million, up 1.6% from the previous year [3] - The consensus EPS estimate for MCB has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [4] Industry Context - MCB is part of the Zacks Banks - Northeast industry, where Unity Bancorp (UNTY) also operates, having seen a 1.6% increase in its last trading session and a total return of 17.8% over the past month [4] - Unity Bancorp's consensus EPS estimate has remained unchanged at $1.08, representing a year-over-year change of 12.5%, and it holds a Zacks Rank of 1 (Strong Buy) [5]