Insider Selling: Metropolitan Bank Holding Corp. (NYSE:MCB) EVP Sells 1,250 Shares of Stock

Metropolitan Bank Holding Corp. (NYSE:MCB) EVP Nick Rosenberg sold 1,250 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $65.17, for a total value of $81,462.50. Following the completion of the sale, the executive vice president now owns 30,193 shares in the company, valued at approximately $1,967,677.81. This represents a 3.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Nick Rosenberg also recently made the following trade(s):

• On Friday, October 4th, Nick Rosenberg sold 1,250 shares of Metropolitan Bank stock. The stock was sold at an average price of $55.14, for a total value of $68,925.00.

Metropolitan Bank Trading Down 0.7 %

NYSE:MCB opened at $64.71 on Friday. The business’s 50-day moving average is $54.68 and its two-hundred day moving average is $48.49. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.00 and a quick ratio of 0.99. Metropolitan Bank Holding Corp. has a 12 month low of $32.46 and a 12 month high of $66.59. The firm has a market capitalization of $724.75 million, a PE ratio of 12.16 and a beta of 1.12.

Metropolitan Bank (NYSE:MCB) last announced its earnings results on Thursday, October 17th. The company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.31. The company had revenue of $71.52 million during the quarter, compared to the consensus estimate of $66.70 million. Metropolitan Bank had a return on equity of 10.02% and a net margin of 12.47%. Research analysts predict that Metropolitan Bank Holding Corp. will post 6.31 earnings per share for the current fiscal year.

Institutional Trading of Metropolitan Bank

Institutional investors and hedge funds have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD acquired a new position in shares of Metropolitan Bank during the first quarter valued at approximately $1,876,000. Acadian Asset Management LLC grew its position in Metropolitan Bank by 133.4% in the first quarter. Acadian Asset Management LLC now owns 48,548 shares of the company’s stock worth $1,867,000 after acquiring an additional 27,752 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its position in Metropolitan Bank by 21.3% in the first quarter. Jacobs Levy Equity Management Inc. now owns 82,931 shares of the company’s stock worth $3,193,000 after acquiring an additional 14,547 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Metropolitan Bank by 4.6% during the 1st quarter. Vanguard Group Inc. now owns 628,996 shares of the company’s stock worth $24,216,000 after buying an additional 27,499 shares during the period. Finally, SG Americas Securities LLC acquired a new position in Metropolitan Bank during the 2nd quarter valued at $273,000. 79.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on MCB shares. Hovde Group raised their price target on Metropolitan Bank from $65.50 to $68.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $67.50 price objective (up previously from $55.00) on shares of Metropolitan Bank in a report on Tuesday, July 23rd. Finally, JPMorgan Chase & Co. lifted their price objective on Metropolitan Bank from $55.00 to $70.00 and gave the company an “overweight” rating in a report on Tuesday, July 23rd.

Metropolitan Bank Company Profile

Metropolitan Bank Holding Corp. operates as the bank holding company for Metropolitan Commercial Bank that provides a range of business, commercial, and retail banking products and services to small businesses, middle-market enterprises, public entities, and individuals in the New York metropolitan area.