Metropolitan Bank Holding Corp. (NYSE:MCB – Get Free Report) CEO Mark R. Defazio sold 34,986 shares of Metropolitan Bank stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $55.34, for a total transaction of $1,936,125.24. Following the transaction, the chief executive officer now directly owns 181,208 shares of the company’s stock, valued at $10,028,050.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Metropolitan Bank Stock Up 1.4 %
Shares of MCB opened at $54.88 on Friday. The firm has a market capitalization of $614.11 million, a P/E ratio of 9.03 and a beta of 1.16. Metropolitan Bank Holding Corp. has a 12-month low of $30.20 and a 12-month high of $57.69. The firm has a fifty day moving average price of $44.14 and a 200-day moving average price of $42.54. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.61.
Metropolitan Bank (NYSE:MCB – Get Free Report) last issued its earnings results on Thursday, July 18th. The company reported $1.50 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.07). Metropolitan Bank had a return on equity of 10.62% and a net margin of 15.22%. The company had revenue of $121.90 million during the quarter, compared to the consensus estimate of $68.02 million. During the same quarter in the prior year, the company earned $1.37 earnings per share. Equities research analysts expect that Metropolitan Bank Holding Corp. will post 6.08 earnings per share for the current year.
Analysts Set New Price Targets
Read Our Latest Analysis on MCB
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. CWM LLC lifted its holdings in shares of Metropolitan Bank by 70.1% in the 2nd quarter. CWM LLC now owns 784 shares of the company’s stock worth $33,000 after buying an additional 323 shares during the period. SummerHaven Investment Management LLC raised its holdings in shares of Metropolitan Bank by 2.0% in the second quarter. SummerHaven Investment Management LLC now owns 18,270 shares of the company’s stock valued at $769,000 after acquiring an additional 367 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in Metropolitan Bank by 0.8% in the fourth quarter. Russell Investments Group Ltd. now owns 120,952 shares of the company’s stock worth $6,698,000 after acquiring an additional 914 shares during the period. Cox Capital Mgt LLC lifted its stake in Metropolitan Bank by 11.9% in the first quarter. Cox Capital Mgt LLC now owns 11,395 shares of the company’s stock worth $439,000 after acquiring an additional 1,214 shares during the period. Finally, Harbor Advisors LLC grew its holdings in Metropolitan Bank by 10.1% during the 4th quarter. Harbor Advisors LLC now owns 24,783 shares of the company’s stock worth $1,372,000 after acquiring an additional 2,283 shares in the last quarter. Institutional investors 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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