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 Metropolitan Bank stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $65.17, for a total value of $81,462.50. Following the completion of the sale, the executive vice president now directly owns 30,193 shares in the company, valued at $1,967,677.81. This represents a 3.98 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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 Down 0.7 %

Shares of Metropolitan Bank stock opened at $64.71 on Friday. The firm has a market capitalization of $724.75 million, a price-to-earnings ratio of 12.16 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. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.99 and a current ratio of 1.00. The stock has a 50 day moving average of $54.68 and a 200 day moving average of $48.49.

Metropolitan Bank (NYSE:MCB) last released its quarterly earnings results on Thursday, October 17th. The company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.55 by $0.31. Metropolitan Bank had a return on equity of 10.02% and a net margin of 12.47%. The business had revenue of $71.52 million during the quarter, compared to analyst estimates of $66.70 million. As a group, research analysts predict that Metropolitan Bank Holding Corp. will post 6.31 earnings per share for the current year.

Institutional Trading of Metropolitan Bank

Hedge funds have recently modified their holdings of the stock. Point72 DIFC Ltd acquired a new stake in shares of Metropolitan Bank in the second quarter valued at $27,000. CWM LLC raised its stake in shares of Metropolitan Bank by 70.1% in the second quarter. CWM LLC now owns 784 shares of the company’s stock valued at $33,000 after acquiring an additional 323 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. raised its stake in shares of Metropolitan Bank by 212.7% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,354 shares of the company’s stock valued at $71,000 after acquiring an additional 921 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of Metropolitan Bank in the second quarter valued at $74,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of Metropolitan Bank in the first quarter valued at $103,000. 79.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MCB has been the topic of a number of recent research reports. Keefe, Bruyette & Woods restated an “outperform” rating and set a $67.50 price target (up from $55.00) on shares of Metropolitan Bank in a research report on Tuesday, July 23rd. Hovde Group boosted their price target on shares of Metropolitan Bank from $65.50 to $68.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Finally, JPMorgan Chase & Co. boosted their price target on shares of Metropolitan Bank from $55.00 to $70.00 and gave the stock an “overweight” rating in a research 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.