Salzhauer Michael Has $2.44 Million Holdings in Metropolitan Bank Holding Corp. (NYSE:MCB)

Salzhauer Michael boosted its holdings in Metropolitan Bank Holding Corp. (NYSE:MCB - Free Report) by 15.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,703 shares of the company's stock after purchasing an additional 5,598 shares during the quarter. Metropolitan Bank makes up about 0.8% of Salzhauer Michael's investment portfolio, making the stock its 18th largest holding. Salzhauer Michael owned about 0.37% of Metropolitan Bank worth $2,435,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in MCB. Verition Fund Management LLC boosted its holdings in shares of Metropolitan Bank by 12.0% during the third quarter. Verition Fund Management LLC now owns 6,553 shares of the company's stock valued at $345,000 after acquiring an additional 700 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Metropolitan Bank by 9.1% during the fourth quarter. SG Americas Securities LLC now owns 9,342 shares of the company's stock valued at $546,000 after acquiring an additional 781 shares during the period. Point72 Asia Singapore Pte. Ltd. boosted 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 during the period. CWM LLC boosted its holdings in shares of Metropolitan Bank by 127.0% during the third quarter. CWM LLC now owns 1,780 shares of the company's stock valued at $94,000 after acquiring an additional 996 shares during the period. Finally, USA Financial Formulas acquired a new position in shares of Metropolitan Bank during the fourth quarter valued at $66,000. Institutional investors and hedge funds own 79.83% of the company's stock.

Metropolitan Bank Stock Performance

Shares of NYSE MCB traded up $0.22 during midday trading on Thursday, reaching $62.59. 34,652 shares of the company traded hands, compared to its average volume of 83,278. Metropolitan Bank Holding Corp. has a 52 week low of $32.46 and a 52 week high of $69.56. The stock has a 50-day moving average price of $61.59 and a 200 day moving average price of $56.98. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market cap of $701.01 million, a price-to-earnings ratio of 10.57 and a beta of 1.18.

Metropolitan Bank (NYSE:MCB - Get Free Report) last issued its quarterly earnings results on Thursday, January 23rd. The company reported $1.88 EPS for the quarter, topping the consensus estimate 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 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Piper Sandler boosted their price target on shares of Metropolitan Bank from $67.00 to $74.00 and gave the company an "overweight" rating in a report on Friday, December 13th. Hovde Group lifted their price objective on shares of Metropolitan Bank from $75.00 to $83.50 and gave the company an "outperform" rating in a research note on Monday, January 27th. Finally, 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, December 4th.

Insiders Place Their Bets

In other Metropolitan Bank news, EVP Scott Lublin sold 3,000 shares of the business's stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $58.77, for a total value of $176,310.00. Following the sale, the executive vice president now directly owns 52,253 shares in the company, valued at approximately $3,070,908.81. The trade was a 5.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.50% of the stock is 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.