4 days Ago By ABMN Staff
JPMorgan Chase & Co. boosted its holdings in shares of Metropolitan Bank Holding Corp. ( NYSE:MCB – Free Report ) by 1,726.
5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 149,280 shares of the company’s stock after buying an additional 141,107 shares during the quarter.
JPMorgan Chase & Co.’s holdings in Metropolitan Bank were worth $8,718,000 at the end of the most recent reporting period. Several other institutional investors and hedge funds also recently modified their holdings of MCB.
Vanguard Group Inc. raised its position in shares of Metropolitan Bank by 1.7% during the 4th quarter.
Vanguard Group Inc. now owns 645,360 shares of the company’s stock worth $37,689,000 after purchasing an additional 10,545 shares during the last quarter. American Century Companies Inc.
increased its position in Metropolitan Bank by 14.2% during the fourth quarter. American Century Companies Inc.
now owns 245,591 shares of the company’s stock worth $14,343,000 after buying an additional 30,547 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Metropolitan Bank by 44.
8% in the third quarter. Franklin Resources Inc. now owns 82,922 shares of the company’s stock worth $4,751,000 after acquiring an additional 25,654 shares during the last quarter.
Salzhauer Michael lifted its position in shares of Metropolitan Bank by 15.5% in the fourth quarter. Salzhauer Michael now owns 41,703 shares of the company’s stock valued at $2,435,000 after acquiring an additional 5,598 shares in the last quarter.
Finally, Empowered Funds LLC boosted its stake in shares of Metropolitan Bank by 4.9% during the fourth quarter. Empowered Funds LLC now owns 40,142 shares of the company’s stock valued at $2,344,000 after acquiring an additional 1,890 shares during the last quarter.
Hedge funds and other institutional investors own 79.83% of the company’s stock. Analyst Upgrades and Downgrades Separately, Hovde Group boosted their target price on shares of Metropolitan Bank from $75.
00 to $83.50 and gave the company an “outperform” rating in a research note on Monday, January 27th. Insider Buying and Selling at Metropolitan Bank In related news, CEO Mark R.
Defazio sold 15,088 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $54.78, for a total value of $826,520.
64. Following the transaction, the chief executive officer now directly owns 100,628 shares of the company’s stock, valued at approximately $5,512,401.84.
This trade represents a 13.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website .
Also, EVP Scott Lublin sold 5,000 shares of the business’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $54.60, for a total value of $273,000.
00. Following the sale, the executive vice president now directly owns 49,988 shares of the company’s stock, valued at approximately $2,729,344.80.
This trade represents a 9.09 % decrease in their position. The disclosure for this sale can be found here .
Insiders sold 21,088 shares of company stock worth $1,161,791 in the last 90 days. 6.50% of the stock is owned by company insiders.
Metropolitan Bank Stock Up 2.5 % MCB stock opened at $52.02 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 capitalization of $583.94 million, a P/E ratio of 8.
79 and a beta of 0.95. The company has a 50 day moving average price of $56.
35 and a two-hundred day moving average price of $58.96. The company has a debt-to-equity ratio of 0.
36, a quick ratio of 1.00 and a current ratio of 1.00.
Metropolitan Bank ( NYSE:MCB – Get Free Report ) last announced its quarterly earnings data on Thursday, January 23rd. The company reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.
49 by $0.39. Metropolitan Bank had a return on equity of 10.
89% and a net margin of 13.55%. As a group, sell-side analysts expect that Metropolitan Bank Holding Corp.
will post 7.31 EPS for the current year. About Metropolitan Bank ( 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. See Also 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.
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