Metropolitan Bank Holding Corp. (NYSE:MCB) Director Dale C. Fredston Sells 1,000 Shares

Metropolitan Bank Holding Corp. (NYSE:MCB) Director Dale C. Fredston sold 1,000 shares of the stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $62.27, for a total value of $62,270.00. Following the completion of the transaction, the director now directly owns 17,668 shares in the company, valued at approximately $1,100,186.36. This represents a 5.36 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Metropolitan Bank Trading Down 0.2 %

MCB stock traded down $0.15 during trading on Tuesday, hitting $61.74. 48,828 shares of the company traded hands, compared to its average volume of 80,553. The company has a 50-day moving average of $61.39 and a 200-day moving average of $57.24. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.00 and a current ratio of 1.00. Metropolitan Bank Holding Corp. has a 1 year low of $32.46 and a 1 year high of $69.56. The firm has a market capitalization of $691.49 million, a PE ratio of 10.43 and a beta of 1.18.

Metropolitan Bank (NYSE:MCB) last issued its earnings results on Thursday, January 23rd. The company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.39. Metropolitan Bank had a net margin of 13.55% and a return on equity of 10.89%. Analysts predict that Metropolitan Bank Holding Corp. will post 7.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Keefe, Bruyette & Woods raised their price objective on Metropolitan Bank from $73.00 to $85.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. Hovde Group lifted their price target on shares of Metropolitan Bank from $75.00 to $83.50 and gave the stock an “outperform” rating in a research note on Monday, January 27th. Finally, Piper Sandler upped their price objective on shares of Metropolitan Bank from $67.00 to $74.00 and gave the company an “overweight” rating in a research note on Friday, December 13th.

Hedge Funds Weigh In On Metropolitan Bank

Hedge funds have recently modified their holdings of the company. Picton Mahoney Asset Management boosted its holdings in shares of Metropolitan Bank by 46.9% during the fourth quarter. Picton Mahoney Asset Management now owns 504 shares of the company’s stock worth $30,000 after purchasing an additional 161 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Metropolitan Bank by 3.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,020 shares of the company’s stock worth $352,000 after buying an additional 182 shares during the period. Alliancebernstein L.P. grew its position in shares of Metropolitan Bank by 1.0% in the 4th quarter. Alliancebernstein L.P. now owns 53,617 shares of the company’s stock worth $3,131,000 after buying an additional 508 shares during the last quarter. Barclays PLC increased its stake in shares of Metropolitan Bank by 2.4% during the fourth quarter. Barclays PLC now owns 24,013 shares of the company’s stock valued at $1,401,000 after buying an additional 552 shares during the period. Finally, MetLife Investment Management LLC raised its holdings in shares of Metropolitan Bank by 9.8% during the fourth quarter. MetLife Investment Management LLC now owns 6,239 shares of the company’s stock valued at $364,000 after acquiring an additional 556 shares in the last quarter. Hedge funds and other institutional investors 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.