Metropolitan Bank Holding Corp. (NYSE:MCB) CEO Sells $1,512,349.02 in Stock

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 stock was sold at an average price of $65.43, for a total value of $1,512,349.02. Following the sale, the chief executive officer now owns 94,185 shares in the company, valued at $6,162,524.55. This trade represents a 19.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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 stock was sold at an average price of $65.43, for a total value of $1,342,427.31.

Metropolitan Bank Stock Down 2.8%

Shares of MCB traded down $1.82 during midday trading on Friday, reaching $64.17. 87,775 shares of the company were exchanged, compared to its average volume of 92,643. The stock has a 50-day moving average price of $61.57 and a 200-day moving average price of $60.35. The company has a market cap of $684.05 million, a price-to-earnings ratio of 10.84 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. 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 (NYSE:MCB - Get Free Report) last issued 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). Metropolitan Bank had a return on equity of 10.89% and a net margin of 13.55%. The company had revenue of $70.59 million for the quarter, compared to analyst estimates of $67.62 million. During the same quarter in the prior year, the firm earned $1.46 EPS. Research analysts expect that Metropolitan Bank Holding Corp. will post 7.31 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Picton Mahoney Asset Management lifted its stake 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 acquiring an additional 161 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Metropolitan Bank by 3.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,020 shares of the company's stock valued at $352,000 after buying an additional 182 shares during the last quarter. SummerHaven Investment Management LLC increased its holdings in Metropolitan Bank by 1.3% in the first quarter. SummerHaven Investment Management LLC now owns 17,998 shares of the company's stock valued at $1,008,000 after buying an additional 224 shares during the last quarter. GAMMA Investing LLC increased its holdings in Metropolitan Bank by 289.5% in the first quarter. GAMMA Investing LLC now owns 596 shares of the company's stock valued at $33,000 after buying an additional 443 shares during the last quarter. Finally, Alliancebernstein L.P. increased its holdings in Metropolitan Bank by 1.0% in the fourth quarter. Alliancebernstein L.P. now owns 53,617 shares of the company's stock valued at $3,131,000 after buying an additional 508 shares during the last quarter. Institutional investors and hedge funds own 79.83% of the company's stock.

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.