Metropolitan Bank Holding Corp. (NYSE:MCB) EVP Sells $273,000.00 in Stock

Metropolitan Bank Holding Corp. (NYSE:MCB) EVP Scott Lublin sold 5,000 shares of Metropolitan Bank stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $54.60, for a total value of $273,000.00. Following the completion of the transaction, the executive vice president now owns 49,988 shares in the company, valued at approximately $2,729,344.80. This represents a 9.09 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Scott Lublin also recently made the following trade(s):

• On Thursday, December 19th, Scott Lublin sold 3,000 shares of Metropolitan Bank stock. The shares were sold at an average price of $58.77, for a total value of $176,310.00.

Metropolitan Bank Stock Up 0.9 %

Shares of NYSE MCB traded up $0.49 during midday trading on Wednesday, hitting $55.63. 110,259 shares of the stock traded hands, compared to its average volume of 86,527. The business has a 50 day moving average price of $60.07 and a two-hundred day moving average price of $58.73. Metropolitan Bank Holding Corp. has a one year low of $32.46 and a one year high of $69.56. The company has a market cap of $624.47 million, a PE ratio of 9.40 and a beta of 1.17. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.00 and a current ratio of 1.00.

Metropolitan Bank (NYSE:MCB) last announced its quarterly earnings results on Thursday, January 23rd. The company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.39. Metropolitan Bank had a return on equity of 10.89% and a net margin of 13.55%. On average, equities analysts predict that Metropolitan Bank Holding Corp. will post 7.31 EPS for the current year.

Wall Street Analysts Forecast Growth

MCB has been the topic of a number of recent analyst reports. Piper Sandler lifted their price objective on Metropolitan Bank from $67.00 to $74.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Hovde Group lifted their target price on Metropolitan Bank from $75.00 to $83.50 and gave the stock an “outperform” rating in a report on Monday, January 27th. Finally, Keefe, Bruyette & Woods lifted their target price on Metropolitan Bank from $73.00 to $85.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Man Group plc lifted its position in shares of Metropolitan Bank by 44.4% during the 4th quarter. Man Group plc now owns 7,236 shares of the company’s stock valued at $423,000 after buying an additional 2,226 shares during the last quarter. Numerai GP LLC purchased a new position in shares of Metropolitan Bank during the 4th quarter valued at $540,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Metropolitan Bank by 3.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,020 shares of the company’s stock valued at $352,000 after buying an additional 182 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its position in shares of Metropolitan Bank by 2.9% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 57,902 shares of the company’s stock valued at $3,381,000 after buying an additional 1,624 shares during the last quarter. Finally, Deutsche Bank AG lifted its position in shares of Metropolitan Bank by 53.4% during the 4th quarter. Deutsche Bank AG now owns 8,889 shares of the company’s stock valued at $519,000 after buying an additional 3,093 shares during the last quarter. Hedge funds and other institutional investors own 79.83% of the company’s stock.

About Metropolitan Bank

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.