Metropolitan Bank initiated with bullish view at Piper Sandler, here’s why

Piper Sandler analyst Mark Fitzgibbon initiated coverage of Metropolitan Bank with an Overweight rating and $60 price target. The analyst says the company has more of a cutting edge focus on utilizing technology to deliver banking products and services to clients. Metropolitan is one of only a handful of growth-oriented stories within the space, the analyst tells investors in a research note.