Metropolitan Bank Holding Corp. (NYSE:MCB) EVP Nick Rosenberg Sells 1,250 Shares

Metropolitan Bank Holding Corp. (NYSE:MCB - Get Free Report) EVP Nick Rosenberg sold 1,250 shares of the firm's stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $75.05, for a total value of $93,812.50. Following the sale, the executive vice president directly owned 29,589 shares in the company, valued at approximately $2,220,654.45. This represents a 4.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Metropolitan Bank Stock Down 0.2%

MCB stock traded down $0.13 during mid-day trading on Wednesday, reaching $73.85. The company had a trading volume of 52,667 shares, compared to its average volume of 93,720. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a 50 day simple moving average of $66.69 and a two-hundred day simple moving average of $61.09. The company has a market capitalization of $787.24 million, a price-to-earnings ratio of 12.50 and a beta of 1.08. Metropolitan Bank Holding Corp. has a 52 week low of $40.21 and a 52 week high of $75.60.

Metropolitan Bank (NYSE:MCB - Get Free Report) last issued 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). Metropolitan Bank had a return on equity of 10.53% and a net margin of 13.49%. The business had revenue of $70.59 million for the quarter, compared to the consensus estimate of $67.62 million. During the same quarter in the prior year, the firm posted $1.46 earnings per share. As a group, equities analysts predict that Metropolitan Bank Holding Corp. will post 7.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Hovde Group raised their price target on Metropolitan Bank from $75.00 to $79.00 and gave the company an "outperform" rating in a research note on Monday, June 16th.

Hedge Funds Weigh In On Metropolitan Bank

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. increased its stake 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 buying an additional 595 shares during the period. Proficio Capital Partners LLC acquired a new stake in Metropolitan Bank in the fourth quarter valued at approximately $1,405,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in Metropolitan Bank by 68.6% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,819 shares of the company's stock valued at $807,000 after acquiring an additional 5,624 shares during the period. Picton Mahoney Asset Management lifted 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 valued at $30,000 after purchasing an additional 161 shares in the last quarter. Finally, Royce & Associates LP purchased a new position in shares of Metropolitan Bank during the fourth quarter valued at approximately $2,174,000. 79.83% of the stock is owned by institutional investors and hedge funds.

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.