Vanguard Group Inc. grew its position in shares of Metropolitan Bank Holding Corp. (NYSE:MCB - Free Report) by 1.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 645,360 shares of the company's stock after acquiring an additional 10,545 shares during the quarter. Vanguard Group Inc. owned about 5.76% of Metropolitan Bank worth $37,689,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Royce & Associates LP acquired a new stake in Metropolitan Bank in the 4th quarter valued at $2,174,000. American Century Companies Inc. raised its holdings in shares of Metropolitan Bank by 14.2% during the 4th quarter. American Century Companies Inc. now owns 245,591 shares of the company's stock valued at $14,343,000 after buying an additional 30,547 shares during the period. Franklin Resources Inc. lifted its position in Metropolitan Bank by 44.8% during the 3rd quarter. Franklin Resources Inc. now owns 82,922 shares of the company's stock worth $4,751,000 after acquiring an additional 25,654 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in Metropolitan Bank in the 4th quarter worth approximately $1,405,000. Finally, LPL Financial LLC acquired a new stake in Metropolitan Bank in the fourth quarter valued at approximately $956,000. 79.83% of the stock is currently owned by institutional investors and hedge funds.
Metropolitan Bank Stock Up 1.9 %
Shares of MCB traded up $1.03 during trading on Friday, reaching $54.43. The company's stock had a trading volume of 99,060 shares, compared to its average volume of 92,099. Metropolitan Bank Holding Corp. has a twelve month low of $35.17 and a twelve month high of $69.56. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.36. The company has a market cap of $610.92 million, a price-to-earnings ratio of 9.19 and a beta of 0.95. The company has a fifty day moving average of $55.80 and a two-hundred day moving average of $58.96.
Metropolitan Bank (NYSE:MCB - Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The company reported $1.88 earnings per share 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%. On average, sell-side analysts predict that Metropolitan Bank Holding Corp. will post 7.31 EPS for the current fiscal year.
Analyst Ratings Changes
Separately, Hovde Group upped their target price 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.
Check Out Our Latest Stock Report on MCB
Insider Activity
In other Metropolitan Bank news, Director Dale C. Fredston sold 1,000 shares of the firm's stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $62.27, for a total value of $62,270.00. Following the sale, the director now directly owns 17,668 shares in the company, valued at approximately $1,100,186.36. This trade represents a 5.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Scott Lublin sold 5,000 shares of the business's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $54.60, for a total transaction of $273,000.00. Following the completion of the sale, the executive vice president now owns 49,988 shares in the company, valued at approximately $2,729,344.80. This trade represents a 9.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,088 shares of company stock valued at $1,161,791. 6.50% of the stock is currently owned by insiders.
Metropolitan Bank Profile
(
Free Report)
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.
Further Reading
Before you consider Metropolitan Bank, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Metropolitan Bank wasn't on the list.
While Metropolitan Bank currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
