Kings Path Partners LLC Sells 5,450 Shares of Metropolitan Bank Holding Corp. (NYSE:MCB)

Kings Path Partners LLC reduced its position in shares of Metropolitan Bank Holding Corp. (NYSE:MCB - Free Report) by 38.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,660 shares of the company's stock after selling 5,450 shares during the quarter. Kings Path Partners LLC owned 0.08% of Metropolitan Bank worth $485,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Picton Mahoney Asset Management raised its stake in Metropolitan Bank by 46.9% in the 4th quarter. Picton Mahoney Asset Management now owns 504 shares of the company's stock valued at $30,000 after acquiring an additional 161 shares during the period. R Squared Ltd bought a new position in shares of Metropolitan Bank in the fourth quarter valued at about $91,000. KLP Kapitalforvaltning AS bought a new position in shares of Metropolitan Bank in the fourth quarter valued at about $128,000. Virtu Financial LLC bought a new position in shares of Metropolitan Bank in the fourth quarter valued at about $221,000. Finally, PFG Investments LLC bought a new position in shares of Metropolitan Bank in the fourth quarter valued at about $302,000. 79.83% of the stock is owned by institutional investors.

Metropolitan Bank Stock Performance

Metropolitan Bank stock traded down $0.06 during trading hours on Friday, hitting $64.70. The company had a trading volume of 81,642 shares, compared to its average volume of 93,112. The firm has a market cap of $689.70 million, a PE ratio of 10.93 and a beta of 1.11. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.00 and a quick ratio of 1.00. Metropolitan Bank Holding Corp. has a one year low of $37.10 and a one year high of $69.56. The firm has a 50-day moving average of $59.32 and a 200 day moving average of $60.40.

Metropolitan Bank (NYSE:MCB - Get Free Report) last announced its earnings results 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). The firm had revenue of $70.59 million for the quarter, compared to the consensus estimate of $67.62 million. Metropolitan Bank had a return on equity of 10.89% and a net margin of 13.55%. During the same quarter last year, the business posted $1.46 EPS. On average, sell-side analysts expect that Metropolitan Bank Holding Corp. will post 7.31 earnings per share for the current year.

Insiders Place Their Bets

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 transaction of $826,520.64. Following the transaction, the chief executive officer now owns 100,628 shares in the company, valued at $5,512,401.84. This trade represents a 13.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Norman Scott sold 3,293 shares of the firm's stock in a transaction on Friday, April 25th. The stock was sold at an average price of $60.57, for a total value of $199,457.01. Following the transaction, the senior vice president now owns 12,546 shares in the company, valued at approximately $759,911.22. This trade represents a 20.79% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,657 shares of company stock worth $1,700,473 in the last 90 days. Company insiders own 6.09% of the company's stock.

Metropolitan Bank 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.