Metropolitan Bank Holding Corp. (NYSE:MCB) Shares Acquired by Harbor Advisors LLC

Harbor Advisors LLC lifted its stake in shares of Metropolitan Bank Holding Corp. (NYSE:MCB) by 10.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 24,783 shares of the company’s stock after buying an additional 2,283 shares during the quarter. Harbor Advisors LLC’s holdings in Metropolitan Bank were worth $1,372,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the business. Patriot Financial Partners GP LP increased its position in shares of Metropolitan Bank by 33.3% in the third quarter. Patriot Financial Partners GP LP now owns 668,684 shares of the company’s stock valued at $24,260,000 after buying an additional 167,100 shares in the last quarter. Adage Capital Partners GP L.L.C. boosted its stake in shares of Metropolitan Bank by 44.8% during the third quarter. Adage Capital Partners GP L.L.C. now owns 513,242 shares of the company’s stock valued at $18,620,000 after acquiring an additional 158,745 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Metropolitan Bank by 5.7% during the third quarter. Vanguard Group Inc. now owns 592,253 shares of the company’s stock valued at $21,487,000 after acquiring an additional 32,032 shares during the last quarter. Pacific Ridge Capital Partners LLC boosted its stake in shares of Metropolitan Bank by 6.0% during the third quarter. Pacific Ridge Capital Partners LLC now owns 262,318 shares of the company’s stock valued at $9,517,000 after acquiring an additional 14,800 shares during the last quarter. Finally, WINTON GROUP Ltd acquired a new stake in shares of Metropolitan Bank during the third quarter valued at $245,000. Hedge funds and other institutional investors own 79.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on MCB shares. Keefe, Bruyette & Woods decreased their price target on Metropolitan Bank from $73.00 to $66.00 and set an “outperform” rating on the stock in a research note on Monday, January 22nd. JPMorgan Chase & Co. cut their price objective on Metropolitan Bank from $55.00 to $50.00 and set an “overweight” rating on the stock in a report on Thursday, April 4th.

Metropolitan Bank Stock Performance

Shares of MCB traded up $0.38 during mid-day trading on Tuesday, hitting $42.69. The stock had a trading volume of 128,160 shares, compared to its average volume of 107,802. The company has a market cap of $473.43 million, a PE ratio of 7.10 and a beta of 1.18. The company’s fifty day simple moving average is $38.49 and its two-hundred day simple moving average is $41.32. The company has a quick ratio of 1.02, a current ratio of 1.01 and a debt-to-equity ratio of 0.68. Metropolitan Bank Holding Corp. has a fifty-two week low of $15.75 and a fifty-two week high of $57.15.

Metropolitan Bank Company Profile

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.