Metropolitan Bank Holding Corp. (NYSE:MCB) EVP Scott Lublin Sells 5,000 Shares

Metropolitan Bank Holding Corp. (NYSE:MCB) EVP Scott Lublin sold 5,000 shares of the firm’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $54.60, for a total value of $273,000.00. Following the transaction, the executive vice president now owns 49,988 shares of the company’s stock, valued at $2,729,344.80. This trade represents a 9.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Scott Lublin also recently made the following trade(s):

• On Thursday, December 19th, Scott Lublin sold 3,000 shares of Metropolitan Bank stock. The shares were sold at an average price of $58.77, for a total value of $176,310.00.

Metropolitan Bank Stock Performance

Shares of MCB opened at $55.18 on Friday. The stock has a 50-day simple moving average of $59.99 and a 200-day simple moving average of $58.71. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market capitalization of $619.38 million, a PE ratio of 9.32 and a beta of 1.17. Metropolitan Bank Holding Corp. has a 1 year low of $32.46 and a 1 year high of $69.56.

Metropolitan Bank (NYSE:MCB) last issued its earnings results 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 return on equity of 10.89% and a net margin of 13.55%. On average, analysts predict that Metropolitan Bank Holding Corp. will post 7.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Piper Sandler raised their target price on Metropolitan Bank from $67.00 to $74.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Keefe, Bruyette & Woods raised their target price on Metropolitan Bank from $73.00 to $85.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. Finally, Hovde Group lifted their price objective on Metropolitan Bank from $75.00 to $83.50 and gave the company an “outperform” rating in a research note on Monday, January 27th.

Institutional Investors Weigh In On Metropolitan Bank

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Metropolitan Bank by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 645,360 shares of the company’s stock worth $37,689,000 after acquiring an additional 10,545 shares in the last quarter. Basswood Capital Management L.L.C. raised its position in shares of Metropolitan Bank by 176.8% during the 3rd quarter. Basswood Capital Management L.L.C. now owns 607,805 shares of the company’s stock worth $31,958,000 after acquiring an additional 388,200 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Metropolitan Bank by 16.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 291,235 shares of the company’s stock worth $17,008,000 after acquiring an additional 41,449 shares in the last quarter. American Century Companies Inc. raised its position 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 worth $14,343,000 after acquiring an additional 30,547 shares in the last quarter. Finally, Banc Funds Co. LLC increased its position in Metropolitan Bank by 1.2% during the fourth quarter. Banc Funds Co. LLC now owns 243,254 shares of the company’s stock worth $14,206,000 after buying an additional 3,000 shares during the period. Institutional investors and hedge funds own 79.83% of the company’s stock.

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.