D. E. Shaw & Co. Inc. decreased its holdings in Metropolitan Bank Holding Corp (NYSE:MCB) by 39.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,198 shares of the company’s stock after selling 5,926 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.11% of Metropolitan Bank worth $284,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the business. Teachers Advisors LLC raised its stake in Metropolitan Bank by 10.4% in the 3rd quarter. Teachers Advisors LLC now owns 15,270 shares of the company’s stock worth $628,000 after purchasing an additional 1,434 shares in the last quarter. First Trust Advisors LP raised its stake in Metropolitan Bank by 18.7% in the 4th quarter. First Trust Advisors LP now owns 11,389 shares of the company’s stock worth $351,000 after purchasing an additional 1,791 shares in the last quarter. Northern Trust Corp raised its stake in Metropolitan Bank by 2.5% in the 4th quarter. Northern Trust Corp now owns 75,091 shares of the company’s stock worth $2,317,000 after purchasing an additional 1,842 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Metropolitan Bank by 16.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,536 shares of the company’s stock worth $556,000 after purchasing an additional 1,912 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in Metropolitan Bank by 46.0% in the 4th quarter. Bank of America Corp DE now owns 6,103 shares of the company’s stock worth $189,000 after purchasing an additional 1,923 shares in the last quarter. Institutional investors and hedge funds own 52.24% of the company’s stock.
Several analysts have weighed in on MCB shares. Zacks Investment Research upgraded shares of Metropolitan Bank from a “sell” rating to a “hold” rating in a research note on Thursday, March 28th. Canaccord Genuity reissued a “hold” rating on shares of Metropolitan Bank in a report on Thursday, January 10th.
MCB stock opened at $36.78 on Tuesday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.25 and a current ratio of 1.25. Metropolitan Bank Holding Corp has a 12 month low of $29.05 and a 12 month high of $55.00. The stock has a market capitalization of $305.54 million, a price-to-earnings ratio of 12.02 and a beta of 1.32.
Metropolitan Bank (NYSE:MCB) last released its earnings results on Thursday, January 24th. The company reported $0.75 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.01). Metropolitan Bank had a net margin of 26.43% and a return on equity of 10.02%. The firm had revenue of $21.15 million during the quarter, compared to the consensus estimate of $21.03 million. Equities research analysts forecast that Metropolitan Bank Holding Corp will post 3.35 earnings per share for the current fiscal year.
In other Metropolitan Bank news, insider Mark R. Defazio sold 4,000 shares of the firm’s stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $35.21, for a total value of $140,840.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Mark R. Defazio sold 2,000 shares of the firm’s stock in a transaction dated Monday, January 28th. The shares were sold at an average price of $35.49, for a total transaction of $70,980.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,000 shares of company stock worth $352,820. Insiders own 21.18% of the company’s stock.
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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.
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