UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Position in Metropolitan Bank Holding Corp. (NYSE:MCB)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in Metropolitan Bank Holding Corp. (NYSE:MCB - Free Report) by 24.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,123 shares of the company's stock after selling 7,183 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.20% of Metropolitan Bank worth $1,292,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Picton Mahoney Asset Management lifted its stake in Metropolitan Bank by 46.9% in the fourth quarter. Picton Mahoney Asset Management now owns 504 shares of the company's stock valued at $30,000 after purchasing an additional 161 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Metropolitan Bank during the 4th quarter valued at $128,000. Virtu Financial LLC bought a new position in shares of Metropolitan Bank during the 4th quarter worth $221,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Metropolitan Bank by 3.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,020 shares of the company's stock worth $352,000 after acquiring an additional 182 shares during the last quarter. Finally, MetLife Investment Management LLC raised its stake in Metropolitan Bank by 9.8% in the 4th quarter. MetLife Investment Management LLC now owns 6,239 shares of the company's stock valued at $364,000 after acquiring an additional 556 shares during the period. 79.83% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Metropolitan Bank

In related news, CEO Mark R. Defazio sold 23,114 shares of the stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $65.43, for a total transaction of $1,512,349.02. Following the sale, the chief executive officer now owns 94,185 shares of the company's stock, valued at approximately $6,162,524.55. This represents a 19.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Mark R. Defazio sold 20,517 shares of Metropolitan Bank stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $65.43, for a total value of $1,342,427.31. Following the transaction, the chief executive officer now directly owns 94,185 shares of the company's stock, valued at $6,162,524.55. The trade was a 17.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold 73,288 shares of company stock valued at $4,555,250 over the last three months. Company insiders own 6.09% of the company's stock.

Metropolitan Bank Stock Performance

NYSE MCB traded down $1.90 during trading on Friday, hitting $64.09. 11,864 shares of the company's stock traded hands, compared to its average volume of 92,341. The stock has a market capitalization of $683.20 million, a price-to-earnings ratio of 10.78 and a beta of 1.08. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.00 and a current ratio of 1.00. The business has a 50 day moving average of $60.93 and a 200-day moving average of $60.47. Metropolitan Bank Holding Corp. has a 12-month low of $37.10 and a 12-month high of $69.56.

Metropolitan Bank (NYSE:MCB - Get Free Report) last released its quarterly earnings data on Monday, April 21st. The company reported $1.45 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $67.62 million. During the same period last year, the business posted $1.46 earnings per share. As a group, equities research analysts anticipate that Metropolitan Bank Holding Corp. will post 7.31 earnings per share for the current fiscal year.

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.