Insider Selling: Metropolitan Bank Holding Corp (MCB) Insider Sells $141,000.00 in Stock
Metropolitan Bank Holding Corp (NYSE:MCB) insider Mark R. Defazio sold 4,000 shares of the business’s stock in a transaction on Wednesday, January 30th. The stock was sold at an average price of $35.25, for a total transaction of $141,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
NYSE MCB opened at $35.38 on Friday. The firm has a market cap of $290.37 million, a price-to-earnings ratio of 11.60 and a beta of 1.31. Metropolitan Bank Holding Corp has a fifty-two week low of $29.05 and a fifty-two week high of $55.00. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.33.
Metropolitan Bank (NYSE:MCB) last posted its earnings results on Thursday, January 24th. The company reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.01). The company had revenue of $21.15 million for the quarter, compared to the consensus estimate of $21.03 million. Metropolitan Bank had a return on equity of 10.16% and a net margin of 26.43%. As a group, sell-side analysts predict that Metropolitan Bank Holding Corp will post 3.38 earnings per share for the current year.
MCB has been the topic of a number of research reports. Canaccord Genuity reaffirmed a “hold” rating on shares of Metropolitan Bank in a research note on Thursday, January 10th. Zacks Investment Research raised shares of Metropolitan Bank from a “sell” rating to a “hold” rating in a research note on Friday, November 2nd. Finally, ValuEngine cut shares of Metropolitan Bank from a “hold” rating to a “sell” rating in a research note on Thursday, November 1st.
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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.
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