Piper Jaffray Companies assumed coverage on shares of Metropolitan Bank (NYSE:MCB) in a report released on Monday, Marketbeat.com reports. The firm issued a neutral rating and a $46.00 price objective on the stock.

MCB has been the subject of several other reports. J P Morgan Chase & Co initiated coverage on Metropolitan Bank in a report on Monday. They set an overweight rating and a $50.00 price target for the company. Keefe, Bruyette & Woods initiated coverage on Metropolitan Bank in a report on Monday. They set an outperform rating and a $50.00 price target for the company.

Metropolitan Bank (NYSE MCB) opened at $44.64 on Monday. Metropolitan Bank has a twelve month low of $36.35 and a twelve month high of $45.64.

In other Metropolitan Bank news, Director Robert C. Patent acquired 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The shares were bought at an average cost of $35.00 per share, with a total value of $105,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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