9,240 Shares in Metropolitan Bank Holding Corp. (NYSE:MCB) Acquired by Numerai GP LLC

Numerai GP LLC acquired a new position in Metropolitan Bank Holding Corp. (NYSE:MCB) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 9,240 shares of the company’s stock, valued at approximately $540,000. Numerai GP LLC owned 0.08% of Metropolitan Bank as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in MCB. Franklin Resources Inc. grew its position in Metropolitan Bank by 44.8% in the third quarter. Franklin Resources Inc. now owns 82,922 shares of the company’s stock worth $4,751,000 after acquiring an additional 25,654 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Metropolitan Bank by 74.8% during the third quarter. JPMorgan Chase & Co. now owns 8,173 shares of the company’s stock worth $430,000 after buying an additional 3,497 shares during the period. USA Financial Formulas purchased a new position in shares of Metropolitan Bank during the fourth quarter worth $66,000. SG Americas Securities LLC boosted its position in shares of Metropolitan Bank by 9.1% during the fourth quarter. SG Americas Securities LLC now owns 9,342 shares of the company’s stock worth $546,000 after buying an additional 781 shares during the period. Finally, PFG Investments LLC purchased a new position in shares of Metropolitan Bank during the fourth quarter worth $302,000. 79.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Metropolitan Bank

In other Metropolitan Bank news, EVP Scott Lublin sold 5,000 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $54.60, for a total value of $273,000.00. Following the sale, the executive vice president now directly owns 49,988 shares in the company, valued at $2,729,344.80. This trade represents a 9.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Norman Scott sold 3,293 shares of the firm’s stock in a transaction on Friday, April 25th. The shares were sold at an average price of $60.57, for a total value of $199,457.01. Following the completion of the sale, the senior vice president now owns 12,546 shares in the company, valued at approximately $759,911.22. This represents a 20.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,657 shares of company stock worth $1,700,473 over the last ninety days. Corporate insiders own 6.50% of the company’s stock.

Metropolitan Bank Stock Down 2.3%

Shares of NYSE MCB opened at $66.47 on Thursday. The stock has a market cap of $708.57 million, a P/E ratio of 11.23 and a beta of 1.11. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.36. Metropolitan Bank Holding Corp. has a 12-month low of $37.10 and a 12-month high of $69.56. The business’s fifty day simple moving average is $56.58 and its 200-day simple moving average is $59.79.

Metropolitan Bank (NYSE:MCB) last announced its quarterly earnings data on Monday, April 21st. The company reported $1.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.61 by ($0.16). The company had revenue of $70.59 million during the quarter, compared to analyst estimates of $67.62 million. Metropolitan Bank had a net margin of 13.55% and a return on equity of 10.89%. During the same quarter in the previous year, the business posted $1.46 earnings per share. As a group, equities analysts predict that Metropolitan Bank Holding Corp. will post 7.31 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Hovde Group raised their price target on Metropolitan Bank from $75.00 to $83.50 and gave the stock an “outperform” rating in a research report on Monday, January 27th.

Metropolitan Bank 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.