Metropolitan Bank Holding Corp (NYSE:MCB) insider Mark R. Defazio sold 4,000 shares of the company’s stock in a transaction on Friday, February 1st. The stock was sold at an average price of $35.21, for a total transaction of $140,840.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shares of MCB stock opened at $35.62 on Wednesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.18 and a current ratio of 1.18. The stock has a market cap of $296.04 million, a PE ratio of 11.64 and a beta of 1.30. Metropolitan Bank Holding Corp has a twelve month low of $29.05 and a twelve month high of $55.00.
Metropolitan Bank (NYSE:MCB) last announced its quarterly earnings results on Thursday, January 24th. The company reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.01). The firm had revenue of $21.15 million for the quarter, compared to analyst estimates of $21.03 million. Metropolitan Bank had a net margin of 26.43% and a return on equity of 10.16%. As a group, analysts forecast that Metropolitan Bank Holding Corp will post 3.38 earnings per share for the current year.
Hedge funds have recently made changes to their positions in the company. Bank of America Corp DE lifted its position in Metropolitan Bank by 728.0% in the second quarter. Bank of America Corp DE now owns 2,691 shares of the company’s stock valued at $141,000 after buying an additional 2,366 shares during the last quarter. MetLife Investment Advisors LLC acquired a new position in Metropolitan Bank in the third quarter valued at about $209,000. Russell Investments Group Ltd. acquired a new position in Metropolitan Bank in the second quarter valued at about $215,000. Jane Street Group LLC acquired a new position in Metropolitan Bank in the third quarter valued at about $234,000. Finally, Rhumbline Advisers lifted its position in Metropolitan Bank by 49.0% in the fourth quarter. Rhumbline Advisers now owns 9,023 shares of the company’s stock valued at $278,000 after buying an additional 2,966 shares during the last quarter. 52.43% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have recently issued reports on MCB shares. Zacks Investment Research raised shares of Metropolitan Bank from a “sell” rating to a “hold” rating in a report on Tuesday, October 9th. Canaccord Genuity reaffirmed a “hold” rating on shares of Metropolitan Bank in a report on Thursday, January 10th. Finally, ValuEngine lowered shares of Metropolitan Bank from a “hold” rating to a “sell” rating in a report on Thursday, November 1st.
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.
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