Metropolitan Bank Holding Corp. (NYSE:MCB) EVP Nick Rosenberg Sells 1,250 Shares

Metropolitan Bank Holding Corp. (NYSE:MCB) EVP Nick Rosenberg sold 1,250 shares of Metropolitan Bank stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $65.17, for a total transaction of $81,462.50. Following the completion of the sale, the executive vice president now directly owns 30,193 shares of the company’s stock, valued at $1,967,677.81. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Nick Rosenberg also recently made the following trade(s):

• On Friday, October 4th, Nick Rosenberg sold 1,250 shares of Metropolitan Bank stock. The stock was sold at an average price of $55.14, for a total transaction of $68,925.00.

Metropolitan Bank Stock Up 0.7 %

Shares of MCB opened at $65.16 on Thursday. The firm has a market cap of $729.66 million, a PE ratio of 12.25 and a beta of 1.12. The company’s fifty day moving average is $54.39 and its two-hundred day moving average is $48.37. Metropolitan Bank Holding Corp. has a fifty-two week low of $32.46 and a fifty-two week high of $66.59. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.36.

Metropolitan Bank (NYSE:MCB) last announced its quarterly earnings results on Thursday, October 17th. The company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.31. The company had revenue of $71.52 million for the quarter, compared to analyst estimates of $66.70 million. Metropolitan Bank had a net margin of 12.47% and a return on equity of 10.02%. Analysts forecast that Metropolitan Bank Holding Corp. will post 6.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on MCB shares. JPMorgan Chase & Co. lifted their target price on shares of Metropolitan Bank from $55.00 to $70.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 23rd. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $67.50 target price (up from $55.00) on shares of Metropolitan Bank in a research note on Tuesday, July 23rd. Finally, Hovde Group lifted their price target on shares of Metropolitan Bank from $65.50 to $68.00 and gave the company an “outperform” rating in a report on Monday, October 21st.

Hedge Funds Weigh In On Metropolitan Bank

Several hedge funds and other institutional investors have recently made changes to their positions in the business. CWM LLC lifted its holdings in shares of Metropolitan Bank by 70.1% during the 2nd quarter. CWM LLC now owns 784 shares of the company’s stock valued at $33,000 after acquiring an additional 323 shares in the last quarter. SummerHaven Investment Management LLC lifted its holdings in shares of Metropolitan Bank by 2.0% during the 2nd quarter. SummerHaven Investment Management LLC now owns 18,270 shares of the company’s stock valued at $769,000 after acquiring an additional 367 shares in the last quarter. Point72 DIFC Ltd acquired a new position in shares of Metropolitan Bank during the 2nd quarter valued at $27,000. Salzhauer Michael lifted its holdings in shares of Metropolitan Bank by 2.3% during the 2nd quarter. Salzhauer Michael now owns 38,100 shares of the company’s stock valued at $1,604,000 after acquiring an additional 842 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Metropolitan Bank by 12.0% during the 2nd quarter. Principal Financial Group Inc. now owns 13,591 shares of the company’s stock valued at $572,000 after acquiring an additional 1,456 shares in the last quarter. Institutional investors and hedge funds own 79.83% of the company’s stock.

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.