Fourthstone LLC Cuts Holdings in Metropolitan Bank Holding Corp. (NYSE:MCB)

Fourthstone LLC decreased its holdings in Metropolitan Bank Holding Corp. (NYSE:MCB - Free Report) by 25.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,702 shares of the company's stock after selling 5,348 shares during the quarter. Fourthstone LLC owned 0.14% of Metropolitan Bank worth $917,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Picton Mahoney Asset Management grew its stake in shares of 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 buying an additional 161 shares during the period. Alliancebernstein L.P. grew its stake in shares of Metropolitan Bank by 1.0% during the 4th quarter. Alliancebernstein L.P. now owns 53,617 shares of the company's stock worth $3,131,000 after acquiring an additional 508 shares during the period. Barclays PLC lifted its stake in shares of Metropolitan Bank by 2.4% during the 4th quarter. Barclays PLC now owns 24,013 shares of the company's stock valued at $1,401,000 after buying an additional 552 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Metropolitan Bank by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 30,348 shares of the company's stock valued at $1,772,000 after purchasing an additional 595 shares in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in Metropolitan Bank by 9.1% in the 4th quarter. SG Americas Securities LLC now owns 9,342 shares of the company's stock valued at $546,000 after purchasing an additional 781 shares during the period. 79.83% of the stock is owned by institutional investors and hedge funds.

Metropolitan Bank Stock Performance

NYSE:MCB traded up $3.11 during trading hours on Tuesday, reaching $58.63. The company had a trading volume of 82,965 shares, compared to its average volume of 91,430. The firm's 50 day moving average price is $55.67 and its 200-day moving average price is $59.06. 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 firm has a market cap of $658.12 million, a price-to-earnings ratio of 9.90 and a beta of 0.95.

Metropolitan Bank (NYSE:MCB - Get Free Report) last announced its quarterly earnings results on Monday, April 21st. The company reported $1.45 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 firm had revenue of $70.59 million for the quarter, compared to the consensus estimate of $67.62 million. During the same period in the previous year, the company posted $1.46 earnings per share. On average, analysts forecast that Metropolitan Bank Holding Corp. will post 7.31 EPS for the current year.

Analysts Set New Price Targets

Separately, Hovde Group lifted their price target on shares of Metropolitan Bank from $75.00 to $83.50 and gave the stock an "outperform" rating in a research note on Monday, January 27th.

Insiders Place Their Bets

In related news, EVP Scott Lublin sold 5,000 shares of the company's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $54.60, for a total transaction of $273,000.00. Following the completion of the transaction, the executive vice president now owns 49,988 shares in the company, valued at $2,729,344.80. This represents a 9.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mark R. Defazio sold 15,088 shares of the business's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $54.78, for a total value of $826,520.64. Following the sale, the chief executive officer now owns 100,628 shares of the company's stock, valued at $5,512,401.84. The trade was a 13.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,088 shares of company stock worth $1,161,791 over the last quarter. Company insiders own 6.50% 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.