Nick Rosenberg Sells 1,250 Shares of Metropolitan Bank Holding Corp. (NYSE:MCB) Stock

Metropolitan Bank Holding Corp. (NYSE:MCB) EVP Nick Rosenberg sold 1,250 shares of the 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 transaction, the executive vice president now directly owns 30,193 shares in the company, valued at approximately $1,967,677.81. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Nick Rosenberg also recently made the following trade(s):

• On Friday, October 4th, Nick Rosenberg sold 1,250 shares of Metropolitan Bank stock. The stock was sold at an average price of $55.14, for a total transaction of $68,925.00.

Metropolitan Bank Trading Up 0.7 %

NYSE MCB traded up $0.46 on Wednesday, reaching $65.16. 104,295 shares of the company were exchanged, compared to its average volume of 94,239. The business’s fifty day moving average price is $54.39 and its 200 day moving average price is $48.37. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $729.79 million, a P/E ratio of 12.25 and a beta of 1.12. Metropolitan Bank Holding Corp. has a fifty-two week low of $32.46 and a fifty-two week high of $66.59.

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

Institutional Trading of Metropolitan Bank

Several institutional investors and hedge funds have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company acquired a new stake in shares of Metropolitan Bank during the third quarter valued at about $207,000. Algert Global LLC boosted its position in shares of Metropolitan Bank by 100.6% during the 3rd quarter. Algert Global LLC now owns 44,030 shares of the company’s stock worth $2,315,000 after purchasing an additional 22,077 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Metropolitan Bank in the 3rd quarter valued at approximately $431,000. Segall Bryant & Hamill LLC purchased a new stake in Metropolitan Bank in the third quarter valued at approximately $1,893,000. Finally, Quest Partners LLC lifted its stake in Metropolitan Bank by 485.7% during the third quarter. Quest Partners LLC now owns 8,458 shares of the company’s stock worth $445,000 after purchasing an additional 7,014 shares in the last quarter. 79.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on MCB shares. Hovde Group increased their target price on Metropolitan Bank from $65.50 to $68.00 and gave the company an “outperform” rating in a report on Monday, October 21st. JPMorgan Chase & Co. increased their price objective on Metropolitan Bank from $55.00 to $70.00 and gave the company an “overweight” rating in a research note on Tuesday, July 23rd. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $67.50 target price (up previously from $55.00) on shares of Metropolitan Bank in a report on Tuesday, July 23rd.

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.