Metropolitan Bank Holding Corp. (NYSE:MCB) Director Dale C. Fredston Sells 1,000 Shares

Metropolitan Bank Holding Corp. (NYSE:MCB) Director Dale C. Fredston sold 1,000 shares of the stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $62.27, for a total value of $62,270.00. Following the sale, the director now directly owns 17,668 shares in the company, valued at $1,100,186.36. This represents a 5.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Metropolitan Bank Stock Down 0.2 %

Shares of MCB opened at $61.74 on Wednesday. Metropolitan Bank Holding Corp. has a 52 week low of $32.46 and a 52 week high of $69.56. The stock has a market capitalization of $691.49 million, a price-to-earnings ratio of 10.43 and a beta of 1.18. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a fifty day moving average of $61.39 and a 200-day moving average of $57.24.

Metropolitan Bank (NYSE:MCB) last announced its quarterly 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 return on equity of 10.89% and a net margin of 13.55%. As a group, sell-side analysts anticipate that Metropolitan Bank Holding Corp. will post 7.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Hovde Group raised their target price 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 raised their target price on Metropolitan Bank from $67.00 to $74.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Finally, Keefe, Bruyette & Woods raised their target price on Metropolitan Bank from $73.00 to $85.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Man Group plc lifted its stake in shares of Metropolitan Bank by 44.4% in the 4th quarter. Man Group plc now owns 7,236 shares of the company’s stock valued at $423,000 after acquiring an additional 2,226 shares during the last quarter. Numerai GP LLC bought a new position in Metropolitan Bank during the 4th quarter worth $540,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Metropolitan Bank by 3.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,020 shares of the company’s stock worth $352,000 after purchasing an additional 182 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its position in Metropolitan Bank by 2.9% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 57,902 shares of the company’s stock worth $3,381,000 after purchasing an additional 1,624 shares during the last quarter. Finally, Deutsche Bank AG raised its position in Metropolitan Bank by 53.4% during the 4th quarter. Deutsche Bank AG now owns 8,889 shares of the company’s stock worth $519,000 after purchasing an additional 3,093 shares during the last quarter. 79.83% of the stock is currently owned by institutional investors.

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.