Scott Lublin Sells 5,000 Shares of Metropolitan Bank Holding Corp. (NYSE:MCB) Stock

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 value of $273,000.00. Following the sale, the executive vice president now owns 49,988 shares in the company, valued at approximately $2,729,344.80. This represents a 9.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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 value of $176,310.00.

Metropolitan Bank Trading Down 0.5 %

MCB opened at $55.29 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 firm has a market cap of $620.60 million, a P/E ratio of 9.34 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 stock has a 50-day moving average of $60.01 and a 200 day moving average of $58.69.

Metropolitan Bank (NYSE:MCB) last announced its quarterly earnings data on Thursday, January 23rd. The company reported $1.88 earnings per share (EPS) for the quarter, topping 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%. As a group, research analysts forecast that Metropolitan Bank Holding Corp. will post 7.31 EPS for the current year.

Institutional Trading of Metropolitan Bank

Institutional investors have recently added to or reduced their stakes in the company. Picton Mahoney Asset Management grew its stake in Metropolitan Bank by 46.9% in the fourth quarter. Picton Mahoney Asset Management now owns 504 shares of the company’s stock worth $30,000 after purchasing an additional 161 shares in the last quarter. USA Financial Formulas purchased a new stake in shares of Metropolitan Bank in the 4th quarter worth $66,000. Point72 Asia Singapore Pte. Ltd. grew its position in shares of Metropolitan Bank by 212.7% during the 3rd 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 in the last quarter. R Squared Ltd purchased a new position in shares of Metropolitan Bank during the fourth quarter valued at $91,000. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Metropolitan Bank in the fourth quarter valued at about $128,000. Institutional investors own 79.83% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.