Virtu Financial LLC Invests $221,000 in Metropolitan Bank Holding Corp. (NYSE:MCB)

Virtu Financial LLC purchased a new position in shares of Metropolitan Bank Holding Corp. (NYSE:MCB) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,780 shares of the company’s stock, valued at approximately $221,000.

A number of other large investors also recently bought and sold shares of MCB. Quantbot Technologies LP lifted its position in shares of Metropolitan Bank by 128.9% during the fourth quarter. Quantbot Technologies LP now owns 6,422 shares of the company’s stock worth $375,000 after purchasing an additional 3,617 shares during the last quarter. Royce & Associates LP purchased a new position in Metropolitan Bank in the 4th quarter worth about $2,174,000. Picton Mahoney Asset Management lifted its holdings in Metropolitan Bank by 46.9% during 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. Connor Clark & Lunn Investment Management Ltd. boosted its position in Metropolitan Bank by 68.6% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,819 shares of the company’s stock valued at $807,000 after buying an additional 5,624 shares during the period. Finally, Proficio Capital Partners LLC bought a new position in Metropolitan Bank in the 4th quarter worth about $1,405,000. Hedge funds and other institutional investors own 79.83% of the company’s stock.

Metropolitan Bank Trading Down 2.4 %

Shares of NYSE:MCB opened at $55.68 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $625.02 million, a PE ratio of 9.41 and a beta of 1.17. Metropolitan Bank Holding Corp. has a 12-month low of $32.46 and a 12-month high of $69.56. The business’s fifty day simple moving average is $59.66 and its 200-day simple moving average is $58.93.

Metropolitan Bank (NYSE:MCB) last announced its earnings results on Thursday, January 23rd. The company reported $1.88 EPS for the quarter, topping 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 predict that Metropolitan Bank Holding Corp. will post 7.31 earnings per share for the current fiscal year.

Insider Activity at Metropolitan Bank

In other Metropolitan Bank news, Director Dale C. Fredston sold 1,000 shares of Metropolitan Bank stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $62.27, for a total transaction of $62,270.00. Following the completion of the sale, the director now owns 17,668 shares of the company’s stock, valued at approximately $1,100,186.36. The trade was a 5.36 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Mark R. Defazio sold 15,088 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $54.78, for a total value of $826,520.64. Following the completion of the sale, the chief executive officer now owns 100,628 shares in the company, valued at approximately $5,512,401.84. This represents a 13.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,088 shares of company stock valued at $1,161,791 over the last 90 days. Insiders own 6.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MCB. 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 note on Friday, December 13th. Keefe, Bruyette & Woods upped their price objective 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 raised their target price on shares of Metropolitan Bank from $75.00 to $83.50 and gave the company an “outperform” rating in a research report on Monday, January 27th.

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.