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

Metropolitan Bank Holding Corp. (NYSE:MCB) CEO Mark R. Defazio sold 15,088 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 100,628 shares of the company’s stock, valued at $5,512,401.84. This trade represents a 13.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Metropolitan Bank Stock Performance

Shares of NYSE:MCB opened at $55.63 on Thursday. The business has a fifty day moving average of $60.04 and a 200-day moving average of $58.71. The firm 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. Metropolitan Bank Holding Corp. has a twelve month low of $32.46 and a twelve month high of $69.56.

Metropolitan Bank (NYSE:MCB) last posted its quarterly earnings data on Thursday, January 23rd. The company reported $1.88 earnings per share for the quarter, beating 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%. On average, equities research analysts predict that Metropolitan Bank Holding Corp. will post 7.31 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have issued reports on MCB. Piper Sandler lifted their price objective on Metropolitan Bank from $67.00 to $74.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Hovde Group lifted their price target on shares of Metropolitan Bank from $75.00 to $83.50 and gave the company an “outperform” rating in a report on Monday, January 27th. Finally, 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.

Institutional Investors Weigh In On Metropolitan Bank

Several institutional investors have recently modified their holdings of MCB. Picton Mahoney Asset Management lifted 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 valued at $30,000 after purchasing an additional 161 shares during the period. USA Financial Formulas acquired a new position in Metropolitan Bank in the fourth quarter valued at about $66,000. Point72 Asia Singapore Pte. Ltd. boosted its holdings in 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 last quarter. R Squared Ltd acquired a new position in shares of Metropolitan Bank during the 4th quarter worth about $91,000. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Metropolitan Bank in the 4th quarter valued at about $128,000. Institutional investors and hedge funds 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.