Metropolitan Bank Holding Corp. (NYSE:MCB) Director Sells $62,270.00 in Stock

Metropolitan Bank Holding Corp. (NYSE:MCB) 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 value of $62,270.00. Following the transaction, the director now owns 17,668 shares of the company’s stock, valued at $1,100,186.36. The trade was a 5.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Metropolitan Bank Trading Down 0.9 %

Shares of NYSE:MCB opened at $61.50 on Friday. Metropolitan Bank Holding Corp. has a 12-month low of $32.46 and a 12-month high of $69.56. The stock has a market cap of $688.62 million, a PE ratio of 10.39 and a beta of 1.18. The business has a 50 day moving average of $61.14 and a 200-day moving average of $57.41. 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 (NYSE:MCB) last issued its quarterly earnings data on Thursday, January 23rd. The company reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.39. Metropolitan Bank had a return on equity of 10.89% and a net margin of 13.55%. As a group, equities research analysts forecast that Metropolitan Bank Holding Corp. will post 7.31 earnings per share for the current year.

Institutional Investors Weigh In On Metropolitan Bank

A number of institutional investors have recently made changes to their positions in the company. Franklin Resources Inc. raised its position in shares of Metropolitan Bank by 44.8% in the third quarter. Franklin Resources Inc. now owns 82,922 shares of the company’s stock valued at $4,751,000 after buying an additional 25,654 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Metropolitan Bank in the third quarter valued at approximately $431,000. Algert Global LLC raised its position in shares of Metropolitan Bank by 100.6% in the third quarter. Algert Global LLC now owns 44,030 shares of the company’s stock valued at $2,315,000 after buying an additional 22,077 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new stake in shares of Metropolitan Bank in the third quarter valued at approximately $1,893,000. Finally, Barclays PLC raised its position in shares of Metropolitan Bank by 54.1% in the third quarter. Barclays PLC now owns 23,461 shares of the company’s stock valued at $1,233,000 after buying an additional 8,233 shares in the last quarter. Institutional investors own 79.83% of the company’s stock.

Analyst Ratings Changes

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

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.