Numerai GP LLC Invests $540,000 in Metropolitan Bank Holding Corp. (NYSE:MCB)

Numerai GP LLC acquired a new stake in shares of Metropolitan Bank Holding Corp. (NYSE:MCB - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 9,240 shares of the company's stock, valued at approximately $540,000. Numerai GP LLC owned 0.08% of Metropolitan Bank at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Metropolitan Bank by 3.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,020 shares of the company's stock worth $352,000 after purchasing an additional 182 shares in the last quarter. Jacobs Levy Equity Management Inc. increased 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 purchasing an additional 1,624 shares during the last quarter. Deutsche Bank AG lifted its stake in Metropolitan Bank by 53.4% in the fourth quarter. Deutsche Bank AG now owns 8,889 shares of the company's stock worth $519,000 after purchasing an additional 3,093 shares during the last quarter. Bridgeway Capital Management LLC boosted its position in shares of Metropolitan Bank by 3.1% during the fourth quarter. Bridgeway Capital Management LLC now owns 63,442 shares of the company's stock valued at $3,705,000 after buying an additional 1,890 shares during the period. Finally, Jane Street Group LLC grew its holdings in shares of Metropolitan Bank by 13.1% in the fourth quarter. Jane Street Group LLC now owns 19,906 shares of the company's stock worth $1,163,000 after purchasing an additional 2,310 shares during the last quarter. Institutional investors own 79.83% of the company's stock.

Insider Activity

In other Metropolitan Bank news, CEO Mark R. Defazio sold 15,088 shares of the firm's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $54.78, for a total value of $826,520.64. Following the completion of the sale, the chief executive officer now directly owns 100,628 shares of the company's stock, valued at $5,512,401.84. This trade represents a 13.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Dixiana M. Berrios sold 6,250 shares of the firm's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $64.00, for a total value of $400,000.00. Following the sale, the chief operating officer now directly owns 13,606 shares of the company's stock, valued at $870,784. The trade was a 31.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,657 shares of company stock worth $1,700,473 over the last three months. 6.50% of the stock is currently owned by corporate insiders.

Metropolitan Bank Stock Up 0.2%

Shares of Metropolitan Bank stock traded up $0.17 on Tuesday, reaching $66.67. The stock had a trading volume of 11,174 shares, compared to its average volume of 93,356. Metropolitan Bank Holding Corp. has a 1 year low of $37.10 and a 1 year high of $69.56. The stock has a market capitalization of $710.65 million, a P/E ratio of 11.26 and a beta of 1.11. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.36. The company has a 50 day moving average price of $57.61 and a 200 day moving average price of $60.16.

Metropolitan Bank (NYSE:MCB - Get Free Report) last issued its quarterly earnings data on Monday, April 21st. The company reported $1.45 earnings per share for the quarter, missing analysts' consensus estimates of $1.61 by ($0.16). Metropolitan Bank had a return on equity of 10.89% and a net margin of 13.55%. The firm had revenue of $70.59 million during the quarter, compared to analyst estimates of $67.62 million. During the same quarter last year, the company posted $1.46 EPS. As a group, equities research analysts forecast that Metropolitan Bank Holding Corp. will post 7.31 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Hovde Group lifted their price objective on shares of Metropolitan Bank from $75.00 to $83.50 and gave the company an "outperform" rating in a report on Monday, January 27th.

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.