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 stock in a transaction on Monday, March 17th. The shares were sold at an average price of $54.60, for a total transaction of $273,000.00. Following the sale, the executive vice president now directly owns 49,988 shares of the company’s stock, valued at $2,729,344.80. The trade was a 9.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 shares were sold at an average price of $58.77, for a total transaction of $176,310.00.

Metropolitan Bank Stock Up 0.9 %

Shares of NYSE:MCB opened at $55.63 on Thursday. 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 52-week low of $32.46 and a 52-week high of $69.56. The firm has a market capitalization of $624.47 million, a P/E ratio of 9.40 and a beta of 1.17. The stock has a 50 day moving average price of $60.04 and a 200-day moving average price of $58.71.

Metropolitan Bank (NYSE:MCB) last announced its earnings results on Thursday, January 23rd. The company reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.39. Metropolitan Bank had a net margin of 13.55% and a return on equity of 10.89%. As a group, equities research analysts anticipate that Metropolitan Bank Holding Corp. will post 7.31 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Metropolitan Bank

A number of institutional investors and hedge funds have recently made changes to their positions in MCB. Picton Mahoney Asset Management grew its stake in shares of Metropolitan Bank by 46.9% in the 4th quarter. Picton Mahoney Asset Management now owns 504 shares of the company’s stock worth $30,000 after buying an additional 161 shares during the last quarter. USA Financial Formulas bought a new stake in Metropolitan Bank in the fourth quarter worth $66,000. Point72 Asia Singapore Pte. Ltd. grew its stake in shares of Metropolitan Bank by 212.7% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,354 shares of the company’s stock worth $71,000 after acquiring an additional 921 shares during the last quarter. R Squared Ltd bought a new position in shares of Metropolitan Bank during the fourth quarter valued at $91,000. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Metropolitan Bank in the 4th quarter worth about $128,000. 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.