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.

Institutional investors have recently modified their holdings of the stock. Bank of America Corp DE grew its stake in shares of Metropolitan Bank by 728.0% in the second quarter. Bank of America Corp DE now owns 2,691 shares of the company’s stock worth $141,000 after purchasing an additional 2,366 shares during the last quarter. MetLife Investment Advisors LLC bought a new stake in shares of Metropolitan Bank in the third quarter worth $209,000. Russell Investments Group Ltd. bought a new stake in shares of Metropolitan Bank in the second quarter worth $215,000. Jane Street Group LLC bought a new stake in shares of Metropolitan Bank in the third quarter worth $234,000. Finally, Rhumbline Advisers grew its stake in shares of Metropolitan Bank by 49.0% in the fourth quarter. Rhumbline Advisers now owns 9,023 shares of the company’s stock worth $278,000 after purchasing an additional 2,966 shares during the last quarter. 52.47% of the stock is currently owned by institutional investors.

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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