Scott Lublin Sells 5,000 Shares of Metropolitan Bank Holding Corp. (NYSE:MCB) Stock

Metropolitan Bank Holding Corp. (NYSE:MCB - Get Free Report) EVP Scott Lublin sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $65.03, for a total transaction of $325,150.00. Following the transaction, the executive vice president now directly owns 51,179 shares of the company's stock, valued at $3,328,170.37. This represents a 8.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Metropolitan Bank Stock Performance

Metropolitan Bank stock traded up $1.38 during midday trading on Tuesday, hitting $68.42. 76,675 shares of the company were exchanged, compared to its average volume of 92,210. The business has a fifty day simple moving average of $63.33 and a two-hundred day simple moving average of $60.34. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market capitalization of $729.35 million, a PE ratio of 11.58 and a beta of 1.08. Metropolitan Bank Holding Corp. has a fifty-two week low of $38.56 and a fifty-two week high of $69.56.

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 10.53% and a net margin of 13.49%. The firm had revenue of $70.59 million for the quarter, compared to analyst estimates of $67.62 million. During the same period in the previous year, the business earned $1.46 EPS. On average, sell-side analysts forecast that Metropolitan Bank Holding Corp. will post 7.31 earnings per share for the current year.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Metropolitan Bank

A number of large investors have recently bought and sold shares of MCB. Proficio Capital Partners LLC purchased a new stake in shares of Metropolitan Bank during the fourth quarter worth approximately $1,405,000. Charles Schwab Investment Management Inc. grew its holdings in Metropolitan Bank by 2.0% in the 4th 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 in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of 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 purchasing an additional 5,624 shares during the period. 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. Finally, Royce & Associates LP acquired a new stake in Metropolitan Bank during the fourth quarter worth $2,174,000. 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.

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