Insider Selling: Metropolitan Bank Holding Corp. (NYSE:MCB) EVP Sells 5,000 Shares of Stock

Metropolitan Bank Holding Corp. (NYSE:MCB - Get Free Report) EVP Scott Lublin sold 5,000 shares of Metropolitan Bank stock in a transaction dated 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 sale, 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 document filed with the Securities & Exchange Commission, which is available at the SEC website.

Scott Lublin also recently made the following trade(s):

• On Thursday, December 19th, Scott Lublin sold 3,000 shares of Metropolitan Bank stock. The stock was sold at an average price of $58.77, for a total value of $176,310.00.

Metropolitan Bank Stock Performance

MCB traded up $0.04 on Friday, reaching $55.18. The company had a trading volume of 149,135 shares, compared to its average volume of 86,532. The company's fifty day moving average is $59.99 and its 200 day moving average is $58.77. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market cap of $619.38 million, a P/E ratio of 9.32 and a beta of 1.17. 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 earnings results on Thursday, January 23rd. The company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.49 by $0.39. Metropolitan Bank had a return on equity of 10.89% and a net margin of 13.55%. As a group, analysts predict that Metropolitan Bank Holding Corp. will post 7.31 earnings per share for the current fiscal year.

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Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Picton Mahoney Asset Management boosted its position in shares of Metropolitan Bank by 46.9% in the fourth quarter. Picton Mahoney Asset Management now owns 504 shares of the company's stock valued at $30,000 after acquiring an additional 161 shares during the period. USA Financial Formulas acquired a new stake in Metropolitan Bank in the 4th quarter worth about $66,000. Point72 Asia Singapore Pte. Ltd. boosted its holdings in Metropolitan Bank by 212.7% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,354 shares of the company's stock valued at $71,000 after purchasing an additional 921 shares during the period. R Squared Ltd acquired a new position in shares of Metropolitan Bank during the 4th quarter worth approximately $91,000. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Metropolitan Bank during the fourth quarter worth approximately $128,000. Institutional investors own 79.83% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on MCB. Hovde Group boosted their price objective on shares of Metropolitan Bank from $75.00 to $83.50 and gave the stock an "outperform" rating in a research report on Monday, January 27th. Keefe, Bruyette & Woods boosted their price target on shares of Metropolitan Bank from $73.00 to $85.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 4th. Finally, Piper Sandler raised their price objective on Metropolitan Bank from $67.00 to $74.00 and gave the company an "overweight" rating in a report 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.