36,003 Shares in Metropolitan Bank Holding Corp. (NYSE:MCB) Acquired by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC acquired a new stake in shares of Metropolitan Bank Holding Corp. (NYSE:MCB - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 36,003 shares of the company's stock, valued at approximately $1,893,000. Segall Bryant & Hamill LLC owned 0.32% of Metropolitan Bank as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Millennium Management LLC bought a new stake in shares of Metropolitan Bank during the second quarter worth $4,991,000. Price T Rowe Associates Inc. MD bought a new position in Metropolitan Bank during the 1st quarter worth about $1,876,000. Assenagon Asset Management S.A. raised its stake in shares of Metropolitan Bank by 112.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 89,193 shares of the company's stock valued at $4,690,000 after purchasing an additional 47,193 shares during the period. Marshall Wace LLP lifted its holdings in shares of Metropolitan Bank by 193.1% in the second quarter. Marshall Wace LLP now owns 50,350 shares of the company's stock valued at $2,119,000 after purchasing an additional 33,171 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Metropolitan Bank by 21.1% during the second quarter. American Century Companies Inc. now owns 186,440 shares of the company's stock worth $7,847,000 after buying an additional 32,491 shares during the period. 79.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Hovde Group upped their price target on Metropolitan Bank from $65.50 to $68.00 and gave the stock an "outperform" rating in a research report on Monday, October 21st.

Metropolitan Bank Stock Performance

Shares of MCB traded up $3.37 during midday trading on Friday, reaching $66.52. The stock had a trading volume of 165,500 shares, compared to its average volume of 84,625. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.36. The firm has a 50 day simple moving average of $56.65 and a 200-day simple moving average of $49.58. The firm has a market cap of $745.02 million, a PE ratio of 12.50 and a beta of 1.12. Metropolitan Bank Holding Corp. has a one year low of $32.46 and a one year high of $67.35.

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

Insider Buying and Selling at Metropolitan Bank

In other Metropolitan Bank news, EVP Nick Rosenberg sold 1,250 shares of the business's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $65.17, for a total value of $81,462.50. Following the completion of the sale, the executive vice president now owns 30,193 shares of the company's stock, valued at $1,967,677.81. The trade was a 3.98 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Robert C. Patent sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $55.32, for a total transaction of $55,320.00. Following the transaction, the director now directly owns 79,133 shares in the company, valued at $4,377,637.56. This represents a 1.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,973 shares of company stock valued at $291,024 in the last three months. 6.50% of the stock is currently owned by company insiders.

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.