Barclays PLC Raises Position in Metropolitan Bank Holding Corp. (NYSE:MCB)

Barclays PLC grew its position in shares of Metropolitan Bank Holding Corp. (NYSE:MCB) by 2.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,013 shares of the company’s stock after buying an additional 552 shares during the quarter. Barclays PLC owned 0.21% of Metropolitan Bank worth $1,401,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in MCB. Picton Mahoney Asset Management raised its stake in shares of Metropolitan Bank by 46.9% in the fourth quarter. Picton Mahoney Asset Management now owns 504 shares of the company’s stock worth $30,000 after purchasing an additional 161 shares during the last quarter. USA Financial Formulas purchased a new stake in Metropolitan Bank during the 4th quarter valued at $66,000. R Squared Ltd bought a new stake in shares of Metropolitan Bank in the fourth quarter worth $91,000. KLP Kapitalforvaltning AS purchased a new stake in Metropolitan Bank during the fourth quarter valued at $128,000. Finally, Virtu Financial LLC purchased a new position in Metropolitan Bank in the fourth quarter worth about $221,000. Institutional investors own 79.83% of the company’s stock.

Metropolitan Bank Trading Up 2.5 %

Metropolitan Bank stock opened at $63.52 on Friday. 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 12-month low of $37.10 and a 12-month high of $69.56. The firm has a market capitalization of $702.91 million, a price-to-earnings ratio of 10.73 and a beta of 1.11. The firm has a 50 day moving average of $55.74 and a 200 day moving average of $59.35.

Metropolitan Bank (NYSE:MCB) last announced its quarterly earnings data on Monday, April 21st. The company reported $1.45 EPS for the quarter, missing the consensus estimate of $1.61 by ($0.16). The firm had revenue of $70.59 million for the quarter, compared to the consensus estimate of $67.62 million. Metropolitan Bank had a net margin of 13.55% and a return on equity of 10.89%. During the same quarter in the previous year, the business earned $1.46 earnings per share. As a group, research analysts predict that Metropolitan Bank Holding Corp. will post 7.31 earnings per share for the current year.

Analyst Ratings Changes

Separately, Hovde Group increased their price objective on shares of Metropolitan Bank from $75.00 to $83.50 and gave the stock an “outperform” rating in a research note on Monday, January 27th.

Insider Activity

In related news, CEO Mark R. Defazio sold 15,088 shares of the firm’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $54.78, for a total transaction of $826,520.64. Following the completion of 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 trade represents a 13.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Dale C. Fredston sold 1,000 shares of the business’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $62.27, for a total transaction of $62,270.00. Following the completion of the sale, the director now owns 17,668 shares in the company, valued at approximately $1,100,186.36. The trade was a 5.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 24,381 shares of company stock worth $1,361,248 over the last ninety days. Corporate insiders own 6.50% of the company’s stock.

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.