16,378 Shares in Metropolitan Bank Holding Corp. (NYSE:MCB) Purchased by LPL Financial LLC

LPL Financial LLC acquired a new stake in Metropolitan Bank Holding Corp. (NYSE:MCB - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 16,378 shares of the company's stock, valued at approximately $956,000. LPL Financial LLC owned 0.15% of Metropolitan Bank at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Picton Mahoney Asset Management increased its holdings in shares of Metropolitan Bank by 46.9% in the fourth quarter. Picton Mahoney Asset Management now owns 504 shares of the company's stock worth $30,000 after purchasing an additional 161 shares during the period. Charles Schwab Investment Management Inc. grew its position in Metropolitan Bank by 2.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 30,348 shares of the company's stock worth $1,772,000 after buying an additional 595 shares in the last quarter. SG Americas Securities LLC increased its stake in Metropolitan Bank by 9.1% in the 4th quarter. SG Americas Securities LLC now owns 9,342 shares of the company's stock worth $546,000 after acquiring an additional 781 shares during the last quarter. USA Financial Formulas purchased a new stake in shares of Metropolitan Bank in the 4th quarter valued at about $66,000. Finally, Kings Path Partners LLC boosted its position in shares of Metropolitan Bank by 11.2% during the 4th quarter. Kings Path Partners LLC now owns 14,110 shares of the company's stock valued at $824,000 after acquiring an additional 1,420 shares during the last quarter. Hedge funds and other institutional investors own 79.83% of the company's stock.

Analyst Ratings Changes

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

Insider Activity at Metropolitan Bank

In other news, CEO Mark R. Defazio sold 15,088 shares of the company's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $54.78, for a total transaction of $826,520.64. Following the completion of the transaction, the chief executive officer now directly owns 100,628 shares of the company's stock, valued at approximately $5,512,401.84. This represents a 13.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Dale C. Fredston sold 1,000 shares of the stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $62.27, for a total transaction of $62,270.00. Following the sale, the director now owns 17,668 shares of the company's stock, valued at approximately $1,100,186.36. This represents a 5.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,088 shares of company stock worth $1,161,791 in the last ninety days. 6.50% of the stock is owned by company insiders.

Metropolitan Bank Price Performance

MCB traded down $0.42 during midday trading on Friday, hitting $60.40. The stock had a trading volume of 21,005 shares, compared to its average volume of 91,299. Metropolitan Bank Holding Corp. has a 1 year low of $37.10 and a 1 year high of $69.56. 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 fifty day moving average of $55.51 and a 200 day moving average of $59.10. The company has a market cap of $668.33 million, a P/E ratio of 10.20 and a beta of 0.95.

Metropolitan Bank (NYSE:MCB - Get Free Report) last released its earnings results on Monday, April 21st. The company reported $1.45 EPS for the quarter, missing the consensus estimate of $1.61 by ($0.16). The business had revenue of $70.59 million for the quarter, compared to the consensus estimate of $67.62 million. Metropolitan Bank had a net margin of 13.55% and a return on equity of 10.89%. During the same period in the prior year, the business posted $1.46 EPS. As a group, equities analysts forecast that Metropolitan Bank Holding Corp. will post 7.31 earnings per share for the current fiscal year.

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.