Metropolitan Bank Holding Corp. (NYSE:MCB) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. lowered its holdings in shares of Metropolitan Bank Holding Corp. (NYSE:MCB - Free Report) by 16.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 120,184 shares of the company's stock after selling 23,982 shares during the period. Ameriprise Financial Inc. owned about 1.07% of Metropolitan Bank worth $7,019,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Picton Mahoney Asset Management raised its position in Metropolitan Bank by 46.9% during the fourth quarter. Picton Mahoney Asset Management now owns 504 shares of the company's stock worth $30,000 after acquiring an additional 161 shares during the last quarter. R Squared Ltd acquired a new position in Metropolitan Bank during the fourth quarter worth about $91,000. KLP Kapitalforvaltning AS acquired a new position in Metropolitan Bank during the fourth quarter worth about $128,000. Virtu Financial LLC purchased a new stake in shares of Metropolitan Bank during the fourth quarter worth about $221,000. Finally, PFG Investments LLC purchased a new stake in shares of Metropolitan Bank during the fourth quarter worth about $302,000. Institutional investors and hedge funds own 79.83% of the company's stock.

Metropolitan Bank Trading Down 1.0%

Shares of NYSE MCB traded down $0.67 during midday trading on Wednesday, reaching $64.87. 2,251 shares of the stock were exchanged, compared to its average volume of 92,571. The company has a market capitalization of $691.46 million, a P/E ratio of 10.96 and a beta of 1.11. Metropolitan Bank Holding Corp. has a 52-week low of $37.10 and a 52-week high of $69.56. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.36. The stock has a 50 day moving average price of $58.82 and a 200-day moving average price of $60.41.

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

Insider Activity at Metropolitan Bank

In other Metropolitan Bank news, COO Dixiana M. Berrios sold 6,250 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $64.00, for a total transaction of $400,000.00. Following the completion of the sale, the chief operating officer now directly owns 13,606 shares in the company, valued at $870,784. The trade was a 31.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Norman Scott sold 3,293 shares of the business's stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $60.57, for a total transaction of $199,457.01. Following the sale, the senior vice president now owns 12,546 shares of the company's stock, valued at approximately $759,911.22. This represents a 20.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 29,657 shares of company stock worth $1,700,473. 6.09% of the stock is owned by company insiders.

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.