With 0.11 million shares changed hands, the volume of the stock remained heavier than its average volume of 84720.0 shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $58.09 whereas the lowest price it dropped to was $56.8. The 52-week range on MCB shows that it touched its highest point at $69.56 and its lowest point at $32.46 during that stretch. It currently has a 1-year price target of $78.00. Beta for the stock currently stands at 1.18.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MCB was down-trending over the past week, with a drop of -2.60%, but this was down by -13.09% over a month. Three-month performance surged to 6.18% while six-month performance rose 29.48%. The stock gained 8.78% in the past year, while it has lost -2.60% so far this year. A look at the trailing 12-month EPS for MCB yields 5.31 with Next year EPS estimates of 7.20. For the next quarter, that number is 1.49. This implies an EPS growth rate of -6.02% for this year and 10.87% for next year.
Float and Shares Shorts:
At present, 11.19 million MCB shares are outstanding with a float of 9.52 million shares on hand for trading. On 2024-12-13, short shares totaled 0.49 million, which was 438.99998 higher than short shares on 1731628800. In addition to Mr. Mark R. DeFazio as the firm’s President, CEO & Director, Mr. Daniel F. Dougherty CFA serves as its Executive VP & CFO.
Institutional Ownership:
Through their ownership of 0.83129996 of MCB’s outstanding shares, institutional investors have minority control over the company.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MCB since 4 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With MCB analysts setting a high price target of 85.0 and a low target of 74.0, the average target price over the next 12 months is 78.0. Based on these targets, MCB could surge 49.44% to reach the target high and rise by 30.1% to reach the target low. Reaching the average price target will result in a growth of 37.13% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $6.50092 being high and $6.48694 being low. For MCB, this leads to a yearly average estimate of $6.49393.
