Man Group plc Has $423,000 Stock Holdings in Metropolitan Bank Holding Corp. (NYSE:MCB)

Man Group plc boosted its stake in shares of Metropolitan Bank Holding Corp. (NYSE:MCB) by 44.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,236 shares of the company’s stock after purchasing an additional 2,226 shares during the period. Man Group plc owned 0.06% of Metropolitan Bank worth $423,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of MCB. Wellington Management Group LLP acquired a new position in Metropolitan Bank during the fourth quarter valued at approximately $12,109,000. JPMorgan Chase & Co. lifted its position in shares of Metropolitan Bank by 1,726.5% in the fourth quarter. JPMorgan Chase & Co. now owns 149,280 shares of the company’s stock valued at $8,718,000 after buying an additional 141,107 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Metropolitan Bank by 16.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 291,235 shares of the company’s stock valued at $17,008,000 after buying an additional 41,449 shares during the last quarter. Royce & Associates LP acquired a new stake in shares of Metropolitan Bank in the fourth quarter valued at approximately $2,174,000. Finally, Boothbay Fund Management LLC acquired a new stake in shares of Metropolitan Bank in the fourth quarter valued at approximately $1,982,000. 79.83% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Hovde Group raised their price objective on Metropolitan Bank from $75.00 to $83.50 and gave the company an “outperform” rating in a research report on Monday, January 27th.

Metropolitan Bank Stock Performance

MCB opened at $63.84 on Tuesday. Metropolitan Bank Holding Corp. has a 12-month low of $37.10 and a 12-month high of $69.56. The stock has a market cap of $680.51 million, a price-to-earnings ratio of 10.78 and a beta of 1.11. The business has a 50 day moving average of $58.61 and a 200-day moving average of $60.37. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.36.

Metropolitan Bank (NYSE:MCB) last released its quarterly earnings results on Monday, April 21st. The company reported $1.45 earnings per share 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 analyst estimates of $67.62 million. Metropolitan Bank had a return on equity of 10.89% and a net margin of 13.55%. During the same period in the previous year, the business posted $1.46 earnings per share. On average, equities research analysts expect that Metropolitan Bank Holding Corp. will post 7.31 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Scott Lublin sold 5,000 shares of Metropolitan Bank stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $54.60, for a total transaction of $273,000.00. Following the completion of the sale, the executive vice president now directly owns 49,988 shares of the company’s stock, valued at approximately $2,729,344.80. This trade represents a 9.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Mark R. Defazio sold 15,088 shares of Metropolitan Bank stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $54.78, for a total value of $826,520.64. Following the sale, the chief executive officer now directly owns 100,628 shares of the company’s stock, valued at approximately $5,512,401.84. The trade was a 13.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,657 shares of company stock valued at $1,700,473. Insiders own 6.09% 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.