Scott Lublin Sells 5,000 Shares of Metropolitan Bank Holding Corp. (NYSE:MCB) Stock

Metropolitan Bank Holding Corp. (NYSE:MCB) EVP Scott Lublin sold 5,000 shares of the company’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $54.60, for a total transaction of $273,000.00. Following the transaction, the executive vice president now owns 49,988 shares of the company’s stock, valued at $2,729,344.80. This represents a 9.09 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Scott Lublin also recently made the following trade(s):

• On Thursday, December 19th, Scott Lublin sold 3,000 shares of Metropolitan Bank stock. The stock was sold at an average price of $58.77, for a total transaction of $176,310.00.

Metropolitan Bank Price Performance

NYSE MCB traded up $0.49 on Wednesday, hitting $55.63. 110,259 shares of the company were exchanged, compared to its average volume of 86,527. The firm has a 50 day moving average of $60.07 and a two-hundred day moving average of $58.73. The company has a market cap of $624.47 million, a P/E ratio of 9.40 and a beta of 1.17. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.36. Metropolitan Bank Holding Corp. has a 1-year low of $32.46 and a 1-year high of $69.56.

Metropolitan Bank (NYSE:MCB) last released its earnings results on Thursday, January 23rd. The company reported $1.88 earnings per share (EPS) for the quarter, beating 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, equities analysts predict that Metropolitan Bank Holding Corp. will post 7.31 EPS for the current year.

Analysts Set New Price Targets

MCB has been the subject of several research reports. Hovde Group raised their price objective on shares of Metropolitan Bank from $75.00 to $83.50 and gave the company an “outperform” rating in a research report on Monday, January 27th. Piper Sandler lifted their target price on shares of Metropolitan Bank from $67.00 to $74.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Metropolitan Bank from $73.00 to $85.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th.

Institutional Trading of Metropolitan Bank

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in 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 acquiring an additional 10,545 shares during the last quarter. Basswood Capital Management L.L.C. boosted its holdings in shares of Metropolitan Bank by 176.8% in the 3rd quarter. Basswood Capital Management L.L.C. now owns 607,805 shares of the company’s stock valued at $31,958,000 after buying an additional 388,200 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Metropolitan Bank by 16.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 291,235 shares of the company’s stock valued at $17,008,000 after purchasing an additional 41,449 shares during the last quarter. American Century Companies Inc. lifted its holdings in Metropolitan Bank by 14.2% during the 4th quarter. American Century Companies Inc. now owns 245,591 shares of the company’s stock valued at $14,343,000 after purchasing an additional 30,547 shares during the last quarter. Finally, Banc Funds Co. LLC increased its position in Metropolitan Bank by 1.2% during the 4th quarter. Banc Funds Co. LLC now owns 243,254 shares of the company’s stock worth $14,206,000 after buying an additional 3,000 shares during the period. 79.83% of the stock is owned by institutional investors.

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.