Salzhauer Michael Buys 5,598 Shares of Metropolitan Bank Holding Corp. (NYSE:MCB)

Salzhauer Michael increased its stake in shares of Metropolitan Bank Holding Corp. (NYSE:MCB) by 15.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 41,703 shares of the company’s stock after purchasing an additional 5,598 shares during the quarter. Metropolitan Bank accounts for 0.8% of Salzhauer Michael’s holdings, making the stock its 18th biggest holding. Salzhauer Michael’s holdings in Metropolitan Bank were worth $2,435,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of MCB. Basswood Capital Management L.L.C. increased its position in Metropolitan Bank by 176.8% during the third quarter. Basswood Capital Management L.L.C. now owns 607,805 shares of the company’s stock valued at $31,958,000 after acquiring an additional 388,200 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Metropolitan Bank by 112.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 89,193 shares of the company’s stock worth $4,690,000 after purchasing an additional 47,193 shares during the period. Franklin Resources Inc. grew its holdings in 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 purchasing an additional 25,654 shares during the last quarter. Algert Global LLC raised its position in Metropolitan Bank by 100.6% in the 3rd quarter. Algert Global LLC now owns 44,030 shares of the company’s stock worth $2,315,000 after purchasing an additional 22,077 shares during the period. Finally, Empowered Funds LLC lifted its stake in Metropolitan Bank by 4.9% in the fourth quarter. Empowered Funds LLC now owns 40,142 shares of the company’s stock worth $2,344,000 after purchasing an additional 1,890 shares during the last quarter. Hedge funds and other institutional investors own 79.83% of the company’s stock.

Insider Buying and Selling

In other Metropolitan Bank news, EVP Scott Lublin sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $58.77, for a total value of $176,310.00. Following the completion of the sale, the executive vice president now directly owns 52,253 shares in the company, valued at $3,070,908.81. This trade represents a 5.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 6.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on MCB shares. Hovde Group increased their price target on Metropolitan Bank from $75.00 to $83.50 and gave the stock an “outperform” rating in a report on Monday, January 27th. Piper Sandler upped their price objective on Metropolitan Bank from $67.00 to $74.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Finally, Keefe, Bruyette & Woods lifted their target price on Metropolitan Bank from $73.00 to $85.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th.

Metropolitan Bank Trading Down 2.4 %

Shares of NYSE MCB opened at $63.87 on Monday. Metropolitan Bank Holding Corp. has a twelve month low of $32.46 and a twelve month 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. The business has a fifty day simple moving average of $61.75 and a two-hundred day simple moving average of $56.80. The firm has a market cap of $715.30 million, a PE ratio of 10.79 and a beta of 1.18.

Metropolitan Bank (NYSE:MCB) last posted its quarterly earnings results on Thursday, January 23rd. The company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.49 by $0.39. Metropolitan Bank had a net margin of 13.55% and a return on equity of 10.89%. Analysts expect that Metropolitan Bank Holding Corp. will post 7.31 earnings per share for the current fiscal year.

Metropolitan Bank Company Profile

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.