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

Metropolitan Bank Holding Corp. (NYSE:MCB) EVP Scott Lublin sold 5,000 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $54.60, for a total value of $273,000.00. Following the completion of the transaction, the executive vice president now directly owns 49,988 shares in the company, valued at $2,729,344.80. The trade was a 9.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Scott Lublin also recently made the following trade(s):

• On Thursday, December 19th, Scott Lublin sold 3,000 shares of Metropolitan Bank stock. The stock was sold at an average price of $58.77, for a total value of $176,310.00.

Metropolitan Bank Stock Up 0.9 %

Metropolitan Bank stock opened at $55.63 on Thursday. Metropolitan Bank Holding Corp. has a fifty-two week low of $32.46 and a fifty-two week high of $69.56. The company has a market cap of $624.47 million, a PE ratio of 9.40 and a beta of 1.17. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.00 and a current ratio of 1.00. The business’s 50-day simple moving average is $60.04 and its two-hundred day simple moving average is $58.71.

Metropolitan Bank (NYSE:MCB) last released its quarterly earnings data on Thursday, January 23rd. The company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.49 by $0.39. Metropolitan Bank had a return on equity of 10.89% and a net margin of 13.55%. Equities analysts anticipate that Metropolitan Bank Holding Corp. will post 7.31 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Picton Mahoney Asset Management grew its holdings in 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 in the last quarter. USA Financial Formulas purchased a new position in shares of Metropolitan Bank during the 4th quarter worth approximately $66,000. Point72 Asia Singapore Pte. Ltd. boosted its position in shares of Metropolitan Bank by 212.7% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,354 shares of the company’s stock worth $71,000 after buying an additional 921 shares during the period. R Squared Ltd acquired a new position in Metropolitan Bank in the 4th quarter valued at about $91,000. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Metropolitan Bank in the fourth quarter valued at approximately $128,000. 79.83% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

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.