1 week Ago By Defense World Staff
Corebridge Financial Inc. decreased its stake in Metropolitan Bank Holding Corp. ( NYSE:MCB – Free Report ) by 7.
0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,255 shares of the company’s stock after selling 397 shares during the period. Corebridge Financial Inc.
’s holdings in Metropolitan Bank were worth $307,000 as of its most recent SEC filing. A number of other institutional investors have also recently added to or reduced their stakes in the stock. Franklin Resources Inc.
lifted its position in shares of Metropolitan Bank by 44.8% during the 3rd quarter. Franklin Resources Inc.
now owns 82,922 shares of the company’s stock valued at $4,751,000 after acquiring an additional 25,654 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Metropolitan Bank by 68.
6% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,819 shares of the company’s stock worth $807,000 after purchasing an additional 5,624 shares during the last quarter.
Barclays PLC boosted its position in Metropolitan Bank by 54.1% during the third quarter. Barclays PLC now owns 23,461 shares of the company’s stock worth $1,233,000 after purchasing an additional 8,233 shares in the last quarter.
Proficio Capital Partners LLC acquired a new stake in Metropolitan Bank in the fourth quarter valued at $1,405,000. Finally, JPMorgan Chase & Co. increased its position in shares of Metropolitan Bank by 74.
8% in the third quarter. JPMorgan Chase & Co. now owns 8,173 shares of the company’s stock valued at $430,000 after buying an additional 3,497 shares in the last quarter.
Hedge funds and other institutional investors own 79.83% of the company’s stock. Wall Street Analyst Weigh In Several equities research analysts recently commented on the stock.
Hovde Group increased their price objective 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.
Piper Sandler increased their price target on shares of Metropolitan Bank from $67.00 to $74.00 and gave the company an “overweight” rating in a research report on Friday, December 13th.
Metropolitan Bank Stock Down 5.6 % MCB opened at $49.38 on Friday.
The firm has a market cap of $554.34 million, a P/E ratio of 8.34 and a beta of 0.
95. The business’s fifty day simple moving average is $57.19 and its 200 day simple moving average is $58.
96. Metropolitan Bank Holding Corp. has a 52 week low of $32.
46 and a 52 week high of $69.56. The company has a quick ratio of 1.
00, a current ratio of 1.00 and a debt-to-equity ratio of 0.36.
Metropolitan Bank ( NYSE:MCB – Get Free Report ) last issued its quarterly 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%. As a group, equities research analysts anticipate that Metropolitan Bank Holding Corp.
will post 7.31 EPS for the current fiscal year. Insider Buying and Selling at Metropolitan Bank In related news, Director Dale C.
Fredston sold 1,000 shares of the stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $62.27, for a total transaction of $62,270.
00. Following the transaction, the director now directly owns 17,668 shares in the company, valued at approximately $1,100,186.36.
This represents a 5.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink .
Also, CEO Mark R. Defazio sold 15,088 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were 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 approximately $5,512,401.
84. This represents a 13.04 % decrease in their position.
The disclosure for this sale can be found here . In the last three months, insiders sold 21,088 shares of company stock worth $1,161,791. Insiders own 6.
50% of the company’s stock. 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.
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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.
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