Metropolitan Bank Holding Corp. (NYSE:MCB) CEO Mark R. Defazio Sells 15,088 Shares

Metropolitan Bank Holding Corp. (NYSE:MCB) CEO Mark R. Defazio sold 15,088 shares of Metropolitan Bank stock in a transaction on Monday, March 17th. The stock was sold at an average price of $54.78, for a total value of $826,520.64. Following the sale, the chief executive officer now directly owns 100,628 shares of the company’s stock, valued at $5,512,401.84. This represents a 13.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Metropolitan Bank Trading Down 0.5 %

MCB opened at $55.29 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.36. Metropolitan Bank Holding Corp. has a twelve month low of $32.46 and a twelve month high of $69.56. The stock has a market capitalization of $620.60 million, a price-to-earnings ratio of 9.34 and a beta of 1.17. The company has a 50-day simple moving average of $60.01 and a 200 day simple moving average of $58.69.

Metropolitan Bank (NYSE:MCB) last posted its quarterly 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 EPS for the current fiscal year.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Metropolitan Bank

Several hedge funds and other institutional investors have recently modified their holdings of MCB. Man Group plc boosted its stake in Metropolitan Bank by 44.4% in the fourth quarter. Man Group plc now owns 7,236 shares of the company’s stock valued at $423,000 after buying an additional 2,226 shares in the last quarter. Numerai GP LLC bought a new position in shares of Metropolitan Bank in the fourth quarter worth about $540,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Metropolitan Bank by 3.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,020 shares of the company’s stock worth $352,000 after acquiring an additional 182 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in shares of Metropolitan Bank by 2.9% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 57,902 shares of the company’s stock valued at $3,381,000 after purchasing an additional 1,624 shares during the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of Metropolitan Bank by 53.4% during the 4th quarter. Deutsche Bank AG now owns 8,889 shares of the company’s stock valued at $519,000 after purchasing an additional 3,093 shares during the last quarter. 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.