Metropolitan Bank Holding Corp. (NYSE:MCB - Get Free Report) Director Robert C. Patent sold 1,000 shares of Metropolitan Bank stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $55.32, for a total value of $55,320.00. Following the sale, the director now owns 79,133 shares in the company, valued at $4,377,637.56. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.
Metropolitan Bank Stock Down 3.6 %
Shares of NYSE MCB opened at $53.48 on Friday. The business's fifty day moving average price is $53.16 and its 200-day moving average price is $47.05. Metropolitan Bank Holding Corp. has a one year low of $31.81 and a one year high of $64.10. The stock has a market capitalization of $598.44 million, a PE ratio of 10.05 and a beta of 1.13. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.99 and a quick ratio of 0.99.
Institutional Investors Weigh In On Metropolitan Bank
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC bought a new position in shares of Metropolitan Bank in the first quarter valued at approximately $103,000. Principal Financial Group Inc. bought a new stake in Metropolitan Bank during the 1st quarter worth approximately $467,000. BNP Paribas Financial Markets grew its position in shares of Metropolitan Bank by 17.4% during the 1st quarter. BNP Paribas Financial Markets now owns 45,211 shares of the company's stock valued at $1,741,000 after purchasing an additional 6,698 shares in the last quarter. Harbor Advisors LLC grew its position in Metropolitan Bank by 12.1% during the first quarter. Harbor Advisors LLC now owns 27,783 shares of the company's stock worth $1,070,000 after buying an additional 3,000 shares in the last quarter. Finally, Empowered Funds LLC bought a new position in Metropolitan Bank in the 1st quarter worth about $1,303,000. Institutional investors own 79.83% of the company's stock.
Analyst Upgrades and Downgrades
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MCB has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lifted their target price on Metropolitan Bank from $55.00 to $70.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 23rd. Hovde Group lifted their price objective on shares of Metropolitan Bank from $65.50 to $68.00 and gave the stock an "outperform" rating in a research report on Monday, October 21st. Finally, Keefe, Bruyette & Woods reissued an "outperform" rating and set a $67.50 target price (up from $55.00) on shares of Metropolitan Bank in a research report on Tuesday, July 23rd.
Get Our Latest Stock Report on MCB
Metropolitan Bank Company Profile
(
Get 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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