Insider Selling: Metropolitan Bank Holding Corp. (NYSE:MCB) EVP Sells 5,000 Shares of 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 on Friday, June 20th. The shares were sold at an average price of $65.03, for a total value of $325,150.00. Following the completion of the sale, the executive vice president now directly owns 51,179 shares of the company's stock, valued at approximately $3,328,170.37. This trade represents a 8.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Metropolitan Bank Stock Up 1.1%

MCB opened at $70.09 on Friday. Metropolitan Bank Holding Corp. has a 12 month low of $39.40 and a 12 month high of $70.18. The business has a 50-day moving average of $64.25 and a two-hundred day moving average of $60.48. The stock has a market capitalization of $747.17 million, a price-to-earnings ratio of 11.86 and a beta of 1.08. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.98 and a quick ratio of 0.98.

Metropolitan Bank (NYSE:MCB - Get Free Report) last released 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 during the quarter, compared to analysts' expectations of $67.62 million. During the same quarter last year, the business earned $1.46 earnings per share. On average, research analysts expect that Metropolitan Bank Holding Corp. will post 7.31 earnings per share for the current year.

Analysts Set New Price Targets

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

Institutional Trading of Metropolitan Bank

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Metropolitan Bank by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 669,219 shares of the company's stock valued at $37,470,000 after buying an additional 23,859 shares during the last quarter. Adage Capital Partners GP L.L.C. increased its holdings in shares of Metropolitan Bank by 8.2% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 328,774 shares of the company's stock worth $18,408,000 after acquiring an additional 24,982 shares during the period. Royce & Associates LP raised its holdings in shares of Metropolitan Bank by 749.4% during the first quarter. Royce & Associates LP now owns 316,191 shares of the company's stock valued at $17,704,000 after buying an additional 278,966 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Metropolitan Bank by 16.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 291,235 shares of the company's stock worth $17,008,000 after acquiring an additional 41,449 shares during the period. Finally, American Century Companies Inc. raised its stake in shares of Metropolitan Bank by 11.0% during the first quarter. American Century Companies Inc. now owns 272,605 shares of the company's stock valued at $15,263,000 after purchasing an additional 27,014 shares in the last quarter. Institutional investors and hedge funds own 79.83% of the company's stock.

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.