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

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

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 value of $176,310.00.

Metropolitan Bank Stock Performance

MCB opened at $55.29 on Friday. Metropolitan Bank Holding Corp. has a 52-week low of $32.46 and a 52-week 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 company has a market cap of $620.60 million, a P/E ratio of 9.34 and a beta of 1.17. The firm’s 50-day moving average price is $60.01 and its 200-day moving average price is $58.69.

Metropolitan Bank (NYSE:MCB) last posted its quarterly earnings data on Thursday, January 23rd. The company reported $1.88 earnings per share (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%. As a group, equities analysts anticipate that Metropolitan Bank Holding Corp. will post 7.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Metropolitan Bank

Several hedge funds have recently modified their holdings of the stock. Man Group plc increased its holdings in shares of Metropolitan Bank by 44.4% during the fourth quarter. Man Group plc now owns 7,236 shares of the company’s stock valued at $423,000 after acquiring an additional 2,226 shares in the last quarter. Numerai GP LLC acquired a new position in Metropolitan Bank in the 4th quarter worth approximately $540,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Metropolitan Bank by 3.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,020 shares of the company’s stock worth $352,000 after buying an additional 182 shares during the period. Jacobs Levy Equity Management Inc. increased its holdings in Metropolitan Bank by 2.9% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 57,902 shares of the company’s stock worth $3,381,000 after buying an additional 1,624 shares during the period. Finally, Deutsche Bank AG increased its holdings in Metropolitan Bank by 53.4% in the 4th quarter. Deutsche Bank AG now owns 8,889 shares of the company’s stock worth $519,000 after buying an additional 3,093 shares during the period. Institutional investors and hedge funds own 79.83% of the company’s stock.

Analysts Set New Price Targets

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

About Metropolitan Bank

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.