Salzhauer Michael Acquires 5,598 Shares of Metropolitan Bank Holding Corp. (NYSE:MCB)

Salzhauer Michael grew its holdings in Metropolitan Bank Holding Corp. (NYSE:MCB - Free Report) by 15.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 41,703 shares of the company's stock after purchasing an additional 5,598 shares during the quarter. Metropolitan Bank comprises 0.9% of Salzhauer Michael's portfolio, making the stock its 19th biggest holding. Salzhauer Michael owned approximately 0.37% of Metropolitan Bank worth $2,435,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Picton Mahoney Asset Management lifted its position in Metropolitan Bank by 46.9% in the fourth quarter. Picton Mahoney Asset Management now owns 504 shares of the company's stock worth $30,000 after purchasing an additional 161 shares during the period. USA Financial Formulas acquired a new stake in shares of Metropolitan Bank during the fourth quarter worth approximately $66,000. R Squared Ltd bought a new position in Metropolitan Bank in the 4th quarter valued at $91,000. KLP Kapitalforvaltning AS acquired a new position in Metropolitan Bank during the 4th quarter worth about $128,000. Finally, Virtu Financial LLC bought a new stake in shares of Metropolitan Bank during the fourth quarter valued at approximately $221,000. Institutional investors and hedge funds own 79.83% of the company's stock.

Metropolitan Bank Trading Up 1.9 %

Shares of Metropolitan Bank stock traded up $1.03 during trading on Friday, reaching $54.43. 99,060 shares of the company were exchanged, compared to its average volume of 91,250. The firm has a market capitalization of $610.92 million, a price-to-earnings ratio of 9.19 and a beta of 0.95. Metropolitan Bank Holding Corp. has a twelve month low of $37.10 and a twelve month high of $69.56. The business has a 50-day moving average price of $55.80 and a 200-day moving average price of $59.01. 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 released its quarterly earnings data on Thursday, January 23rd. The company reported $1.88 EPS for the quarter, beating analysts' consensus estimates of $1.49 by $0.39. Metropolitan Bank had a net margin of 13.55% and a return on equity of 10.89%. Sell-side analysts anticipate that Metropolitan Bank Holding Corp. will post 7.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Hovde Group upped their price target on Metropolitan Bank from $75.00 to $83.50 and gave the company an "outperform" rating in a research note on Monday, January 27th.

Insider Activity

In other news, EVP Scott Lublin sold 5,000 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $54.60, for a total transaction 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 represents a 9.09 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Dale C. Fredston sold 1,000 shares of the stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $62.27, for a total value of $62,270.00. Following the completion of the sale, the director now directly owns 17,668 shares of the company's stock, valued at approximately $1,100,186.36. The trade was a 5.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,088 shares of company stock worth $1,161,791 over the last quarter. 6.50% of the stock is currently owned by company 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.