Earnings Estimates Moving Higher for Metropolitan Bank Holding (MCB): Time to Buy?

Core Viewpoint - Metropolitan Bank Holding Corp. (MCB) is positioned as a strong investment opportunity due to its improving earnings outlook and analysts' increasing earnings estimates [1][2]. Earnings Estimates - Analysts have raised their earnings estimates for Metropolitan Bank Holding, which is expected to positively influence the stock price [2]. - The current-quarter earnings estimate is $2.35 per share, reflecting a +62.1% change from the previous year [6]. - The consensus estimate for the current quarter has increased by 8.29% over the last 30 days, with one estimate going higher and no negative revisions [6]. - For the full year, the earnings estimate stands at $9.99 per share, indicating a +50.9% change from the year-ago figure [7]. Estimate Revisions Trend - The trend for current-year estimate revisions is positive, with one estimate moving higher and no negative revisions, leading to a 6.96% increase in the consensus estimate [8]. - The strong agreement among analysts in raising estimates supports the positive outlook for the company [3]. Zacks Rank - Metropolitan Bank Holding has achieved a Zacks Rank 1 (Strong Buy), indicating favorable estimate revisions and a strong potential for stock performance [9]. - Stocks with Zacks Rank 1 and 2 have historically outperformed the S&P 500 [9]. Stock Performance - The stock has gained 15.8% over the past four weeks, reflecting investor confidence driven by solid estimate revisions [10].