Insider Selling: Metropolitan Bank Holding Corp. (NYSE:MCB) EVP Sells $176,310.00 in Stock

Metropolitan Bank Holding Corp. (NYSE:MCB - Get Free Report) EVP Scott Lublin sold 3,000 shares of the stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $58.77, for a total value of $176,310.00. Following the completion of the transaction, the executive vice president now directly owns 52,253 shares in the company, valued at approximately $3,070,908.81. This trade represents a 5.43 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Metropolitan Bank Stock Up 0.3 %

MCB traded up $0.16 on Monday, hitting $59.33. The company had a trading volume of 54,606 shares, compared to its average volume of 92,932. The stock has a market capitalization of $664.50 million, a price-to-earnings ratio of 11.15 and a beta of 1.16. The stock has a fifty day moving average price of $61.53 and a 200-day moving average price of $52.85. Metropolitan Bank Holding Corp. has a 12-month low of $32.46 and a 12-month high of $69.56. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.00 and a current ratio of 1.00.

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

Institutional Trading of Metropolitan Bank

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Point72 DIFC Ltd purchased a new stake in Metropolitan Bank in the second quarter valued at about $27,000. Point72 Asia Singapore Pte. Ltd. increased its holdings in shares of Metropolitan Bank by 212.7% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,354 shares of the company's stock valued at $71,000 after acquiring an additional 921 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new position in shares of Metropolitan Bank in the 2nd quarter valued at approximately $74,000. CWM LLC boosted its stake in Metropolitan Bank by 127.0% in the 3rd quarter. CWM LLC now owns 1,780 shares of the company's stock worth $94,000 after purchasing an additional 996 shares in the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new stake in Metropolitan Bank during the 3rd quarter worth approximately $207,000. Hedge funds and other institutional investors own 79.83% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on MCB shares. Hovde Group lifted their price objective on Metropolitan Bank from $65.50 to $68.00 and gave the company an "outperform" rating in a report on Monday, October 21st. Keefe, Bruyette & Woods boosted their price target on shares of Metropolitan Bank from $73.00 to $85.00 and gave the company an "outperform" rating in a report on Wednesday, December 4th. Finally, Piper Sandler increased their price objective on shares of Metropolitan Bank from $67.00 to $74.00 and gave the company an "overweight" rating in a research note on Friday, December 13th.

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.