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Last $26.14 USD
Change Today -0.19 / -0.72%
Volume 52.0K
METR On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 5:20 PM 06/30/15 All times are local (Market data is delayed by at least 15 minutes).

metro bancorp inc (METR) Snapshot

Open
$26.50
Previous Close
$26.33
Day High
$26.54
Day Low
$26.08
52 Week High
03/23/15 - $27.95
52 Week Low
08/7/14 - $22.05
Market Cap
370.5M
Average Volume 10 Days
83.3K
EPS TTM
$1.50
Shares Outstanding
14.2M
EX-Date
04/23/15
P/E TM
17.4x
Dividend
$0.28
Dividend Yield
0.54%
Current Stock Chart for METRO BANCORP INC (METR)

metro bancorp inc (METR) Related Businessweek News

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metro bancorp inc (METR) Details

Metro Bancorp, Inc. operates as the bank holding company for Metro Bank that offers retail and commercial banking services for consumers, and small and mid-sized companies in Pennsylvania. The company provides various retail banking services and products, such as personal checking, business checking, regular savings, money market, interest checking, and individual retirement, and club accounts; and fixed rate certificates of deposit, as well as debit card services, online and mobile banking services, gift cards, and safe deposit and automated teller facilities. It also offers a range of lending products, including commercial and industrial, owner occupied real estate, commercial construction, land development, and commercial real estate loans; consumer loan programs comprising installment loans for home improvement and the purchase of consumer goods and automobiles, as well as home equity lines of credit; overdraft checking protection; consumer and business credit cards; construction loans and permanent mortgages for homes; and small business administration loans. Metro Bancorp, Inc. offers its services from its main office in Lemoyne, Pennsylvania, and 33 other full-service offices in Cumberland, Dauphin, York, Berks, Lancaster, and Lebanon counties, Pennsylvania. The company was formerly known as Pennsylvania Commerce Bancorp, Inc. and changed its name to Metro Bancorp, Inc. in June 2009. Metro Bancorp, Inc. was founded in 1984 and is headquartered in Harrisburg, Pennsylvania.

878 Employees
Last Reported Date: 03/16/15
Founded in 1984

metro bancorp inc (METR) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $675.5K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $383.0K
Chief Operating Officer, Executive Vice Presi...
Total Annual Compensation: $364.8K
Chief Credit Officer, Senior Vice President, ...
Total Annual Compensation: $266.9K
Chief Lending Officer, Senior Vice President,...
Total Annual Compensation: $261.0K
Compensation as of Fiscal Year 2014.

metro bancorp inc (METR) Key Developments

Metro Bancorp, Inc., Annual General Meeting, Jun 19, 2015

Metro Bancorp, Inc., Annual General Meeting, Jun 19, 2015., at 10:30 US Eastern Standard Time. Location: Red Lion Hotel Harrisburg East 4751 Lindle Road. Agenda: To approve election of Directors; to consider approval of 2016 Employee Stock Option and Restricted Stock Plan. Approval of the Metro Bancorp, Inc. 2016 Employee Stock Option and Restricted Stock Plan; to approve an Amendment to the 2011 Directors Stock Option and Restricted Stock Plan. Approval of an amendment to the 2011 Directors Stock Option and Restricted Stock Plan to increase the number of shares of common stock issuable under the 2011 Director Plan by 300,000 shares; to approve Say-On-Pay Proposal; to approve ratification of the appointment of BDO USA, LLP as independent registered public accounting firm for the fiscal year ending December 31, 2015; and to approve other business.

Metro Bancorp Inc Names Richard J. Lashley as Director

Metro Bancorp Inc. has announced that it has named a new member to its board. The firm has named Richard J Lashley, co-founder and principal of PL Capital Group to its board to stand for election as a director. Lashley will have to face election at the company's 2015 annual meeting of shareholders.

Metro Bancorp, Inc. Declares Cash Dividend for the Second Quarter of 2015, Payable on May 18, 2015; Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Announces Net Loan Charge-Offs for the First Quarter of 2015

The Board of Directors of Metro Bancorp, Inc. declared a second quarter cash dividend of $0.07 per common share, payable on May 18, 2015 to shareholders of record on April 27, 2015. The company reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net income of $5.7 million, or $0.39 per diluted common share compared to net income of $4.9 million, or $0.34 per diluted common share for the first quarter of 2014. Total revenues (net interest income plus noninterest income) were $33.6 million, up $3.2 million, or 11%, over total revenues of $30.4 million for the same quarter a year ago. Return on average stockholders' equity (ROE) was 8.62% for the first quarter of 2015 compared to 8.42% for the same period last year. At March 31, 2015, the company's book value per common share was $19.04. Net interest income for the first quarter of 2015 totaled $26.1 million, up $2.7 million, or 12%, over the first quarter of 2014. The increase in net interest income on a fully tax-equivalent basis for the first quarter of 2015 over the same period of 2014 was primarily due to an increase in the level of interest-earning assets and, to a lesser extent, a lower total cost of funding sources. Return on average assets was 8.62% compared to 8.42% a year ago. Net interest income after provision for loan losses was $24.5 million compared to $22.43 million a year ago. Income before taxes was $8.25 million compared to $6.73 million a year ago. Net loan charge-offs totaled $743,000 for the first quarter of 2015, comprised of $819,000 in gross loan charge-offs offset partially by $76,000 in recoveries.

 

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METR Competitors

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Peoples Bancorp Inc/OH $23.34 USD -0.27
Univest Corp of Pennsylvania $20.36 USD +0.08
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Industry Analysis

METR

Industry Average

Valuation METR Industry Range
Price/Earnings 17.5x
Price/Sales 3.0x
Price/Book 1.4x
Price/Cash Flow 17.1x
TEV/Sales 0.3x
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