SPFI - Metropolitan Bank Holding Corp: Still Bullish Despite Recent Underperformance
2024-06-27 17:38:53 ET
Summary
- Metropolitan Bank Holding faced some challenges in the first quarter of 2024, but overall the business looks positive.
- Shares are attractively priced compared to similar firms, though asset quality could be better.
- Lower interest rates in the future could bring down the cost of deposits and lead to overall growth in the firm's balance sheet.
As much as we like to pretend that humans are rational, the fact of the matter is that emotion plays a large role in our decision-making process. When it comes to stocks, the stakes are sometimes so high that, even when you are confident that you are right, the pain of being wrong in the short term can be unbearable. A good example of this can be seen by looking at Metropolitan Bank Holding ( MCB ), a publicly traded bank with a market capitalization as of this writing of $438.9 million....
Metropolitan Bank Holding Corp: Still Bullish Despite Recent Underperformance