Metropolitan Bank Holding Corp. (NYSE:MCB - Get Free Report) CEO Mark R. Defazio sold 23,114 shares of the firm's stock in a transaction 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 in the company, valued at $6,162,524.55. The trade was a 19.71% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Mark R. Defazio also recently made the following trade(s):
- On Tuesday, June 10th, Mark R. Defazio sold 20,517 shares of Metropolitan Bank stock. The shares were sold at an average price of $65.43, for a total transaction of $1,342,427.31.
Metropolitan Bank Price Performance
Shares of Metropolitan Bank stock traded down $1.37 on Friday, hitting $64.62. 51,482 shares of the company were exchanged, compared to its average volume of 92,491. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.36. The company has a 50-day moving average price of $60.93 and a 200 day moving average price of $60.47. The stock has a market capitalization of $688.85 million, a price-to-earnings ratio of 10.91 and a beta of 1.08. Metropolitan Bank Holding Corp. has a 1-year low of $37.10 and a 1-year high of $69.56.
Metropolitan Bank (NYSE:MCB - Get Free Report) last announced its quarterly earnings data on Monday, April 21st. The company reported $1.45 EPS for the quarter, missing analysts' consensus estimates of $1.61 by ($0.16). The company had revenue of $70.59 million for the quarter, compared to analysts' expectations of $67.62 million. Metropolitan Bank had a return on equity of 10.89% and a net margin of 13.55%. During the same quarter in the previous year, the business posted $1.46 EPS. As a group, sell-side analysts predict that Metropolitan Bank Holding Corp. will post 7.31 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Strs Ohio purchased a new stake in shares of Metropolitan Bank in the first quarter valued at about $218,000. Empowered Funds LLC boosted its holdings in Metropolitan Bank by 5.3% in the 1st quarter. Empowered Funds LLC now owns 42,268 shares of the company's stock valued at $2,367,000 after purchasing an additional 2,126 shares during the last quarter. Philadelphia Financial Management of San Francisco LLC purchased a new stake in shares of Metropolitan Bank in the 1st quarter valued at approximately $12,602,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Metropolitan Bank by 3.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,257 shares of the company's stock valued at $350,000 after buying an additional 237 shares during the period. Finally, Bridgeway Capital Management LLC increased its holdings in shares of Metropolitan Bank by 3.4% during the 1st quarter. Bridgeway Capital Management LLC now owns 65,568 shares of the company's stock worth $3,671,000 after buying an additional 2,126 shares during the last quarter. Hedge funds and other institutional investors own 79.83% of the company's stock.
About Metropolitan Bank
(
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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.
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