Metropolitan Bank Holding Corp. (NYSE:MCB) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in Metropolitan Bank Holding Corp. (NYSE:MCB - Free Report) by 24.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. 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 about 0.20% of Metropolitan Bank worth $1,292,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Wellington Management Group LLP purchased a new position in Metropolitan Bank in the fourth quarter valued at about $12,109,000. JPMorgan Chase & Co. raised its position in Metropolitan Bank by 1,726.5% in the fourth quarter. JPMorgan Chase & Co. now owns 149,280 shares of the company's stock valued at $8,718,000 after purchasing an additional 141,107 shares during the period. Dimensional Fund Advisors LP raised its position in Metropolitan Bank by 16.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 291,235 shares of the company's stock valued at $17,008,000 after purchasing an additional 41,449 shares during the period. Royce & Associates LP purchased a new position in Metropolitan Bank in the fourth quarter valued at about $2,174,000. Finally, Boothbay Fund Management LLC purchased a new position in Metropolitan Bank in the fourth quarter valued at about $1,982,000. 79.83% of the stock is owned by hedge funds and other institutional investors.

Metropolitan Bank Stock Down 2.8%

NYSE:MCB traded down $1.82 during mid-day trading on Friday, hitting $64.17. The company had a trading volume of 87,775 shares, compared to its average volume of 92,529. The business has a fifty day simple moving average of $61.27 and a 200-day simple moving average of $60.46. 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 Holding Corp. has a 1 year low of $37.10 and a 1 year high of $69.56. The firm has a market capitalization of $684.05 million, a price-to-earnings ratio of 10.84 and a beta of 1.08.

Metropolitan Bank (NYSE:MCB - Get Free Report) last announced 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 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 in the previous year, the firm posted $1.46 earnings per share. Equities analysts forecast that Metropolitan Bank Holding Corp. will post 7.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Metropolitan Bank news, CEO Mark R. Defazio sold 20,517 shares of Metropolitan Bank stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $65.43, for a total value of $1,342,427.31. Following the completion of the transaction, the chief executive officer now directly owns 94,185 shares in the company, valued at $6,162,524.55. The trade was a 17.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Mark R. Defazio sold 23,114 shares of Metropolitan Bank stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $65.43, for a total value of $1,512,349.02. Following the completion of the transaction, the chief executive officer now owns 94,185 shares of the company's stock, valued at approximately $6,162,524.55. The trade was a 19.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 73,288 shares of company stock worth $4,555,250. Corporate insiders own 6.09% of the company's stock.

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.