BNP Paribas Financial Markets Has $2.47 Million Position in Metropolitan Bank Holding Corp. (NYSE:MCB)

BNP Paribas Financial Markets decreased its stake in Metropolitan Bank Holding Corp. (NYSE:MCB - Free Report) by 14.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,034 shares of the company's stock after selling 8,260 shares during the period. BNP Paribas Financial Markets owned approximately 0.42% of Metropolitan Bank worth $2,473,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Metropolitan Bank by 4.6% during the first quarter. Vanguard Group Inc. now owns 628,996 shares of the company's stock worth $24,216,000 after acquiring an additional 27,499 shares during the last quarter. Price T Rowe Associates Inc. MD acquired a new stake in Metropolitan Bank during the first quarter worth approximately $1,876,000. CWM LLC raised its holdings in Metropolitan Bank by 70.1% in the 2nd quarter. CWM LLC now owns 784 shares of the company's stock valued at $33,000 after acquiring an additional 323 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Metropolitan Bank during the 2nd quarter worth $273,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of Metropolitan Bank during the second quarter worth $361,000. Hedge funds and other institutional investors own 79.83% of the company's stock.

Insiders Place Their Bets

In other news, EVP Nick Rosenberg sold 1,250 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $65.17, for a total value 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 approximately $1,967,677.81. This represents a 3.98 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert C. Patent sold 1,000 shares of the firm's stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $55.32, for a total transaction of $55,320.00. Following the completion of the sale, the director now owns 79,133 shares in the company, valued at $4,377,637.56. This represents a 1.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,973 shares of company stock worth $291,024. 6.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

MCB has been the topic of a number of research analyst reports. Hovde Group raised their price target on Metropolitan Bank from $65.50 to $68.00 and gave the stock an "outperform" rating in a research note on Monday, October 21st. Keefe, Bruyette & Woods lifted their price objective on shares of Metropolitan Bank from $73.00 to $85.00 and gave the company an "outperform" rating in a research note on Wednesday.

Metropolitan Bank Stock Performance

NYSE MCB traded down $0.10 during trading hours on Friday, hitting $65.45. The company had a trading volume of 41,039 shares, compared to its average volume of 87,159. The business has a fifty day simple moving average of $59.52 and a 200-day simple moving average of $51.13. The firm has a market cap of $733.04 million, a P/E ratio of 12.30 and a beta of 1.16. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.36. Metropolitan Bank Holding Corp. has a fifty-two week low of $32.46 and a fifty-two week high of $69.56.

Metropolitan Bank (NYSE:MCB - Get Free Report) last posted its quarterly earnings results on Thursday, October 17th. The company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.31. The company had revenue of $71.52 million for the quarter, compared to analysts' expectations of $66.70 million. Metropolitan Bank had a return on equity of 10.02% and a net margin of 12.47%. Equities analysts predict that Metropolitan Bank Holding Corp. will post 6.31 EPS for the current year.

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.