Sippican Capital Advisors Boosts Holdings in Metropolitan Bank Holding Corp. (NYSE:MCB)

Sippican Capital Advisors lifted its position in Metropolitan Bank Holding Corp. (NYSE:MCB - Free Report) by 41.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,296 shares of the company's stock after purchasing an additional 5,342 shares during the quarter. Sippican Capital Advisors owned about 0.16% of Metropolitan Bank worth $1,068,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of MCB. R Squared Ltd acquired a new stake in Metropolitan Bank during the 4th quarter worth about $91,000. PFG Investments LLC acquired a new position in Metropolitan Bank in the fourth quarter valued at approximately $302,000. SG Americas Securities LLC boosted its position in Metropolitan Bank by 9.1% in the 4th quarter. SG Americas Securities LLC now owns 9,342 shares of the company's stock worth $546,000 after purchasing an additional 781 shares in the last quarter. USA Financial Formulas acquired a new stake in shares of Metropolitan Bank during the 4th quarter worth approximately $66,000. Finally, Kings Path Partners LLC increased its holdings in shares of Metropolitan Bank by 11.2% during the 4th quarter. Kings Path Partners LLC now owns 14,110 shares of the company's stock valued at $824,000 after purchasing an additional 1,420 shares in the last quarter. Institutional investors and hedge funds own 79.83% of the company's stock.

Insider Buying and Selling at Metropolitan Bank

In other Metropolitan Bank news, EVP Nick Rosenberg sold 1,250 shares of Metropolitan Bank stock in a transaction on Monday, November 11th. The shares were sold at an average price of $65.17, for a total transaction of $81,462.50. Following 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Scott Lublin sold 3,000 shares of the company's stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $58.77, for a total transaction of $176,310.00. Following the sale, the executive vice president now directly owns 52,253 shares of the company's stock, valued at $3,070,908.81. The trade was a 5.43 % decrease in their position. The disclosure for this sale can be found here. Insiders own 6.50% of the company's stock.

Wall Street Analyst Weigh In

MCB has been the topic of a number of recent analyst reports. Piper Sandler increased their price target on shares of Metropolitan Bank from $67.00 to $74.00 and gave the stock an "overweight" rating in a report on Friday, December 13th. 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 research note on Monday, January 27th. Finally, Keefe, Bruyette & Woods lifted their price target on Metropolitan Bank from $73.00 to $85.00 and gave the company an "outperform" rating in a research note on Wednesday, December 4th.

Metropolitan Bank Price Performance

NYSE MCB traded down $0.44 on Friday, hitting $63.70. The company had a trading volume of 59,148 shares, compared to its average volume of 85,719. 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 capitalization of $713.46 million, a PE ratio of 10.76 and a beta of 1.17. Metropolitan Bank Holding Corp. has a 12-month low of $32.46 and a 12-month high of $69.56. The company's fifty day moving average price is $62.02 and its 200-day moving average price is $56.49.

Metropolitan Bank (NYSE:MCB - Get Free Report) last released its 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 net margin of 13.55% and a return on equity of 10.89%. As a group, analysts predict that Metropolitan Bank Holding Corp. will post 7.31 earnings per share for the current year.

Metropolitan Bank 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.