Aviva PLC Acquires Shares of 6,075 Metropolitan Bank Holding Corp. (NYSE:MCB)

Aviva PLC acquired a new stake in Metropolitan Bank Holding Corp. (NYSE:MCB – Get Rating) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,075 shares of the company’s stock, valued at approximately $356,000. Aviva PLC owned 0.06% of Metropolitan Bank at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Nuveen Asset Management LLC increased its position in shares of Metropolitan Bank by 69.1% during the third quarter. Nuveen Asset Management LLC now owns 116,608 shares of the company’s stock worth $7,505,000 after acquiring an additional 47,653 shares during the last quarter. Cox Capital Mgt LLC increased its position in shares of Metropolitan Bank by 65.9% during the fourth quarter. Cox Capital Mgt LLC now owns 7,557 shares of the company’s stock worth $443,000 after acquiring an additional 3,001 shares during the last quarter. Coombe Bender & Co LLC purchased a new stake in shares of Metropolitan Bank during the fourth quarter worth about $382,000. M3F Inc. increased its position in shares of Metropolitan Bank by 183.7% during the third quarter. M3F Inc. now owns 74,786 shares of the company’s stock worth $4,813,000 after acquiring an additional 48,423 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its position in shares of Metropolitan Bank by 844.7% during the third quarter. Tower Research Capital LLC TRC now owns 3,675 shares of the company’s stock worth $236,000 after acquiring an additional 3,286 shares during the last quarter. 81.07% of the stock is owned by hedge funds and other institutional investors.

Metropolitan Bank Stock Down 1.6 %

Shares of Metropolitan Bank stock opened at $24.99 on Monday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.34. The firm has a market cap of $280.14 million, a P/E ratio of 4.28 and a beta of 1.01. Metropolitan Bank Holding Corp. has a fifty-two week low of $13.98 and a fifty-two week high of $80.37. The business has a 50-day moving average price of $29.67 and a 200 day moving average price of $49.17.

Analyst Ratings Changes

MCB has been the topic of a number of analyst reports. JPMorgan Chase & Co. dropped their target price on Metropolitan Bank from $63.00 to $37.00 in a research report on Thursday, April 6th. TheStreet lowered Metropolitan Bank from a “b-” rating to a “c+” rating in a report on Wednesday, March 15th. Finally, Keefe, Bruyette & Woods lowered their price objective on Metropolitan Bank from $80.00 to $69.00 and set an “outperform” rating for the company in a report on Thursday, April 6th.

Insider Activity at Metropolitan Bank

In related news, CFO Greg Sigrist bought 1,000 shares of the stock in a transaction dated Friday, March 17th. The stock was bought at an average cost of $35.97 per share, with a total value of $35,970.00. Following the completion of the acquisition, the chief financial officer now owns 13,842 shares of the company’s stock, valued at $497,896.74. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CFO Greg Sigrist bought 1,000 shares of the stock in a transaction dated Friday, March 17th. The stock was bought at an average cost of $35.97 per share, with a total value of $35,970.00. Following the completion of the acquisition, the chief financial officer now owns 13,842 shares of the company’s stock, valued at $497,896.74. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Mark R. Defazio bought 20,517 shares of the stock in a transaction dated Monday, March 13th. The shares were bought at an average cost of $24.20 per share, with a total value of $496,511.40. Following the completion of the acquisition, the chief executive officer now directly owns 20,517 shares of the company’s stock, valued at approximately $496,511.40. The disclosure for this purchase can be found here. Insiders bought a total of 22,517 shares of company stock valued at $553,701 over the last three months. 6.32% of the stock is owned by insiders.

About Metropolitan Bank

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Metropolitan Bank Holding Corp. engages in the provision of banking solutions. It provides a range of business, commercial and retail banking products and services to small businesses, middle-market enterprises, public entities, and affluent individuals. The company was founded by Mark R. DeFazio in 1999 and is headquartered in New York, NY.