Ranger Investment Management L.P. Raises Stock Position in Metropolitan Bank Holding Corp. (NYSE:MCB)

Ranger Investment Management L.P. lifted its stake in shares of Metropolitan Bank Holding Corp. (NYSE:MCB - Free Report) by 8.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 140,465 shares of the company's stock after buying an additional 11,265 shares during the quarter. Ranger Investment Management L.P. owned about 1.25% of Metropolitan Bank worth $8,203,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of MCB. Franklin Resources Inc. raised its stake in Metropolitan Bank by 44.8% during the third quarter. Franklin Resources Inc. now owns 82,922 shares of the company's stock valued at $4,751,000 after buying an additional 25,654 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Metropolitan Bank by 68.6% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,819 shares of the company's stock worth $807,000 after acquiring an additional 5,624 shares during the period. Barclays PLC increased its position in shares of Metropolitan Bank by 54.1% during the 3rd quarter. Barclays PLC now owns 23,461 shares of the company's stock valued at $1,233,000 after purchasing an additional 8,233 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in Metropolitan Bank during the fourth quarter valued at approximately $1,405,000. Finally, JPMorgan Chase & Co. raised its holdings in Metropolitan Bank by 74.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,173 shares of the company's stock worth $430,000 after purchasing an additional 3,497 shares during the period. 79.83% of the stock is owned by institutional investors.

Metropolitan Bank Price Performance

NYSE:MCB traded up $0.09 on Monday, reaching $49.60. 30,858 shares of the company's stock traded hands, compared to its average volume of 91,553. The stock has a 50-day simple moving average of $56.90 and a 200-day simple moving average of $59.01. Metropolitan Bank Holding Corp. has a 12 month low of $32.46 and a 12 month high of $69.56. The firm has a market cap of $556.76 million, a PE ratio of 8.38 and a beta of 0.95. 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 (NYSE:MCB - Get Free Report) last posted its quarterly earnings results on Thursday, January 23rd. The company reported $1.88 EPS for the quarter, topping analysts' consensus estimates of $1.49 by $0.39. Metropolitan Bank had a return on equity of 10.89% and a net margin of 13.55%. Equities research analysts forecast that Metropolitan Bank Holding Corp. will post 7.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Hovde Group increased their target price on shares of Metropolitan Bank from $75.00 to $83.50 and gave the stock an "outperform" rating in a report on Monday, January 27th.

Insider Activity at Metropolitan Bank

In related news, CEO Mark R. Defazio sold 15,088 shares of the business's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $54.78, for a total transaction of $826,520.64. Following the completion of the transaction, the chief executive officer now owns 100,628 shares in the company, valued at $5,512,401.84. The trade was a 13.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Scott Lublin sold 5,000 shares of the company's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $54.60, for a total value of $273,000.00. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 21,088 shares of company stock valued at $1,161,791 over the last 90 days. 6.50% of the stock is owned by corporate insiders.

About Metropolitan Bank

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.