1 day Ago By ABMN Staff
American Century Companies Inc. increased its holdings in Metropolitan Bank Holding Corp. ( NYSE:MCB – Free Report ) by 14.
2% in the fourth quarter, Holdings Channel reports. The fund owned 245,591 shares of the company’s stock after purchasing an additional 30,547 shares during the quarter. American Century Companies Inc.
’s holdings in Metropolitan Bank were worth $14,343,000 as of its most recent SEC filing. Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Picton Mahoney Asset Management lifted its position in shares of Metropolitan Bank by 46.
9% in the 4th quarter. Picton Mahoney Asset Management now owns 504 shares of the company’s stock worth $30,000 after purchasing an additional 161 shares during the period. USA Financial Formulas bought a new position in Metropolitan Bank in the fourth quarter worth approximately $66,000.
Point72 Asia Singapore Pte. Ltd. lifted its holdings in Metropolitan Bank by 212.
7% during the third quarter. Point72 Asia Singapore Pte. Ltd.
now owns 1,354 shares of the company’s stock worth $71,000 after buying an additional 921 shares during the period. R Squared Ltd bought a new stake in Metropolitan Bank during the 4th quarter valued at $91,000. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of Metropolitan Bank in the 3rd quarter valued at $207,000.
79.83% of the stock is currently owned by institutional investors. Analysts Set New Price Targets A number of brokerages recently weighed in on MCB.
Keefe, Bruyette & Woods raised their price objective on Metropolitan Bank from $73.00 to $85.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th.
Hovde Group raised their price target on shares of Metropolitan Bank from $75.00 to $83.50 and gave the company an “outperform” rating in a report on Monday, January 27th.
Finally, Piper Sandler boosted their price objective on shares of Metropolitan Bank from $67.00 to $74.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th.
Metropolitan Bank Trading Down 1.0 % Metropolitan Bank stock opened at $55.43 on Wednesday.
Metropolitan Bank Holding Corp. has a one year low of $32.46 and a one year high of $69.
56. The stock has a market cap of $622.15 million, a PE ratio of 9.
36 and a beta of 1.17. The company has a debt-to-equity ratio of 0.
36, a quick ratio of 1.00 and a current ratio of 1.00.
The stock has a 50-day moving average of $59.45 and a two-hundred day moving average of $59.14.
Metropolitan Bank ( NYSE:MCB – Get Free Report ) last released its earnings results on Thursday, January 23rd. The company reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.
49 by $0.39. Metropolitan Bank had a net margin of 13.
55% and a return on equity of 10.89%. On average, research analysts anticipate that Metropolitan Bank Holding Corp.
will post 7.31 EPS for the current fiscal year. Insider Activity In related news, Director Dale C.
Fredston sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $62.27, for a total value of $62,270.
00. Following the sale, the director now owns 17,668 shares in the company, valued at $1,100,186.36.
This represents a 5.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink .
Also, CEO Mark R. Defazio sold 15,088 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $54.
78, for a total transaction of $826,520.64. Following the transaction, the chief executive officer now directly owns 100,628 shares of the company’s stock, valued at $5,512,401.
84. This represents a 13.04 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . Insiders have sold 21,088 shares of company stock valued at $1,161,791 over the last ninety days. 6.
50% of the stock is currently owned by insiders. Metropolitan Bank Company Profile ( Free Report ) 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.
Featured Articles Want to see what other hedge funds are holding MCB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Metropolitan Bank Holding Corp. ( NYSE:MCB – Free Report ).
Receive News & Ratings for Metropolitan Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Metropolitan Bank and related companies with MarketBeat.com's FREE daily email newsletter ..
_8.jpg?itok=wp-xhXRB)
