Jacobs Levy Equity Management Inc. raised its position in shares of Metropolitan Bank Holding Corp (NYSE:MCB) by 31.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 34,708 shares of the company’s stock after purchasing an additional 8,215 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in Metropolitan Bank were worth $1,674,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Marshall Wace LLP lifted its holdings in shares of Metropolitan Bank by 331.6% in the 1st quarter. Marshall Wace LLP now owns 6,059 shares of the company’s stock worth $211,000 after purchasing an additional 4,655 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Metropolitan Bank by 105.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 3,403 shares of the company’s stock valued at $134,000 after purchasing an additional 1,743 shares during the last quarter. First Trust Advisors LP increased its position in shares of Metropolitan Bank by 39.9% during the 3rd quarter. First Trust Advisors LP now owns 16,232 shares of the company’s stock valued at $638,000 after purchasing an additional 4,631 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Metropolitan Bank during the 3rd quarter valued at $107,000. Finally, State Street Corp increased its holdings in Metropolitan Bank by 4.0% in the 3rd quarter. State Street Corp now owns 111,650 shares of the company’s stock worth $4,391,000 after acquiring an additional 4,332 shares during the last quarter. Hedge funds and other institutional investors own 56.09% of the company’s stock.

Shares of MCB opened at $23.67 on Thursday. The company has a market cap of $200.88 million, a PE ratio of 6.82 and a beta of 1.42. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.71. The stock has a 50-day moving average price of $40.05 and a 200-day moving average price of $43.22. Metropolitan Bank Holding Corp has a 12-month low of $15.52 and a 12-month high of $51.09.

Metropolitan Bank (NYSE:MCB) last released its earnings results on Wednesday, January 22nd. The company reported $0.93 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.06. The company had revenue of $30.90 million during the quarter, compared to the consensus estimate of $29.49 million. Metropolitan Bank had a return on equity of 10.52% and a net margin of 21.46%. As a group, analysts predict that Metropolitan Bank Holding Corp will post 4.4 earnings per share for the current year.

In other Metropolitan Bank news, CEO Mark R. Defazio sold 2,275 shares of Metropolitan Bank stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $50.15, for a total value of $114,091.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Harvey Gutman purchased 1,000 shares of the firm’s stock in a transaction on Friday, March 13th. The stock was bought at an average cost of $29.84 per share, for a total transaction of $29,840.00. The disclosure for this purchase can be found here. Insiders sold a total of 4,252 shares of company stock worth $211,584 over the last ninety days. Insiders own 15.90% of the company’s stock.

Several equities research analysts recently weighed in on the company. Zacks Investment Research raised Metropolitan Bank from a “sell” rating to a “hold” rating and set a $56.00 price objective for the company in a report on Wednesday, January 29th. ValuEngine upgraded Metropolitan Bank from a “strong sell” rating to a “sell” rating in a research note on Friday, March 13th.

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.

Further Reading: Fundamental Analysis

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Institutional Ownership by Quarter for Metropolitan Bank (NYSE:MCB)

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