UBS Group AG Acquires 50,844 Shares of Metropolitan Bank Holding Corp. $MCB

UBS Group AG raised its holdings in shares of Metropolitan Bank Holding Corp. (NYSE:MCB) by 363.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,832 shares of the company’s stock after purchasing an additional 50,844 shares during the period. UBS Group AG owned 0.63% of Metropolitan Bank worth $4,951,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of MCB. State of Alaska Department of Revenue bought a new position in Metropolitan Bank during the 3rd quarter valued at approximately $31,000. Quarry LP bought a new position in Metropolitan Bank during the 3rd quarter valued at approximately $48,000. Tower Research Capital LLC TRC raised its position in Metropolitan Bank by 41.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,670 shares of the company’s stock valued at $117,000 after purchasing an additional 490 shares during the last quarter. Daytona Street Capital LLC bought a new position in Metropolitan Bank during the 4th quarter valued at approximately $199,000. Finally, Arizona State Retirement System bought a new position in Metropolitan Bank during the 3rd quarter valued at approximately $201,000. Institutional investors own 79.83% of the company’s stock.

Metropolitan Bank Stock Up 0.8%

MCB stock opened at $91.62 on Friday. Metropolitan Bank Holding Corp. has a fifty-two week low of $62.58 and a fifty-two week high of $97.84. The business’s 50 day moving average price is $86.05 and its two-hundred day moving average price is $82.97. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 11.28 and a beta of 1.02.

Metropolitan Bank (NYSE:MCB) last posted its earnings results on Tuesday, April 21st. The company reported $2.92 earnings per share for the quarter, topping analysts’ consensus estimates of $2.19 by $0.73. The firm had revenue of $88.49 million for the quarter, compared to the consensus estimate of $87.33 million. Metropolitan Bank had a return on equity of 10.95% and a net margin of 15.89%.

Metropolitan Bank Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 12th. Investors of record on Friday, May 1st were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, May 1st. This is an increase from Metropolitan Bank’s previous quarterly dividend of $0.20. Metropolitan Bank’s dividend payout ratio (DPR) is currently 12.32%.

Wall Street Analyst Weigh In

MCB has been the subject of a number of recent analyst reports. Wall Street Zen raised Metropolitan Bank from a “hold” rating to a “buy” rating in a research report on Saturday, April 4th. Keefe, Bruyette & Woods upped their target price on Metropolitan Bank from $105.00 to $109.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Weiss Ratings upgraded Metropolitan Bank from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 11th. Finally, UBS Group started coverage on Metropolitan Bank in a report on Thursday, April 16th. They set a “neutral” rating and a $97.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $95.00.

About Metropolitan Bank

Metropolitan Bank (NYSE:MCB), through its principal subsidiary Metropolitan Commercial Bank, operates as a New York–based regional financial institution providing a range of commercial and consumer banking services. The company offers deposit products including checking, savings and money market accounts, as well as business and personal certificates of deposit. On the lending side, Metropolitan Bank extends commercial real estate financing, equipment loans, working capital lines of credit and consumer installment loans tailored to the needs of small- and medium-sized enterprises and individual customers.

In addition to traditional deposit and lending services, Metropolitan Bank provides specialized treasury and cash-management solutions, foreign exchange services and letters of credit for both domestic businesses and multinational clients.