Two Sigma Investments LP Trims Holdings in Metropolitan Bank Holding Corp. (NYSE:MCB)

Two Sigma Investments LP lowered its stake in shares of Metropolitan Bank Holding Corp. (NYSE:MCB - Free Report) by 12.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,539 shares of the company's stock after selling 5,171 shares during the quarter. Two Sigma Investments LP owned about 0.33% of Metropolitan Bank worth $2,134,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. JPMorgan Chase & Co. raised its holdings in shares of Metropolitan Bank by 1,726.5% in the 4th quarter. JPMorgan Chase & Co. now owns 149,280 shares of the company's stock worth $8,718,000 after purchasing an additional 141,107 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position in Metropolitan Bank by 68.6% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,819 shares of the company's stock worth $807,000 after purchasing an additional 5,624 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in Metropolitan Bank in the fourth quarter valued at approximately $1,405,000. Wells Fargo & Company MN raised its holdings in Metropolitan Bank by 25.4% in the fourth quarter. Wells Fargo & Company MN now owns 6,511 shares of the company's stock valued at $380,000 after buying an additional 1,320 shares during the period. Finally, Alliancebernstein L.P. lifted its position in Metropolitan Bank by 1.0% during the fourth quarter. Alliancebernstein L.P. now owns 53,617 shares of the company's stock valued at $3,131,000 after buying an additional 508 shares in the last quarter. 79.83% of the stock is currently owned by hedge funds and other institutional investors.

Metropolitan Bank Trading Down 0.6%

MCB traded down $0.36 during trading on Thursday, hitting $63.58. 47,532 shares of the company's stock were exchanged, compared to its average volume of 92,766. Metropolitan Bank Holding Corp. has a 1 year low of $37.10 and a 1 year high of $69.56. The stock has a 50 day moving average price of $59.91 and a 200 day moving average price of $60.42. The firm has a market cap of $677.81 million, a P/E ratio of 10.74 and a beta of 1.11. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.36.

Metropolitan Bank (NYSE:MCB - Get Free Report) last announced its quarterly 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). Metropolitan Bank had a return on equity of 10.89% and a net margin of 13.55%. The business had revenue of $70.59 million for the quarter, compared to analysts' expectations of $67.62 million. During the same period last year, the company posted $1.46 earnings per share. As a group, analysts expect that Metropolitan Bank Holding Corp. will post 7.31 EPS for the current fiscal year.

Insider Transactions at Metropolitan Bank

In other news, EVP Scott Lublin sold 5,000 shares of the business's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $54.60, for a total transaction of $273,000.00. Following the transaction, the executive vice president now directly owns 49,988 shares of the company's stock, valued at approximately $2,729,344.80. The trade was a 9.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Norman Scott sold 3,293 shares of Metropolitan Bank stock in a transaction 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 directly owns 12,546 shares in the company, valued at $759,911.22. This trade represents a 20.79% decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,657 shares of company stock valued at $1,700,473 over the last quarter. Company insiders own 6.09% 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.