Metropolitan Bank (NYSE:MCB) EVP Nick Rosenberg Sells 1,250 Shares

Metropolitan Bank Holding Corp. (NYSE:MCBGet Free Report) EVP Nick Rosenberg sold 1,250 shares of the business’s stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $90.21, for a total transaction of $112,762.50. Following the completion of the sale, the executive vice president directly owned 25,839 shares of the company’s stock, valued at approximately $2,330,936.19. This trade represents a 4.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Nick Rosenberg also recently made the following trade(s):

  • On Wednesday, December 10th, Nick Rosenberg sold 625 shares of Metropolitan Bank stock. The stock was sold at an average price of $80.41, for a total value of $50,256.25.

Metropolitan Bank Trading Up 4.5%

MCB opened at $94.80 on Friday. Metropolitan Bank Holding Corp. has a 52 week low of $47.08 and a 52 week high of $96.75. The company has a market capitalization of $976.44 million, a P/E ratio of 14.26 and a beta of 1.13. The stock’s fifty day moving average is $77.93 and its two-hundred day moving average is $75.39. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.23.

Metropolitan Bank (NYSE:MCBGet Free Report) last announced its quarterly earnings results on Tuesday, January 20th. The company reported $2.77 EPS for the quarter, beating the consensus estimate of $2.07 by $0.70. The firm had revenue of $88.41 million for the quarter, compared to analyst estimates of $83.15 million. Metropolitan Bank had a return on equity of 9.73% and a net margin of 13.49%. Analysts forecast that Metropolitan Bank Holding Corp. will post 7.31 earnings per share for the current year.

Metropolitan Bank Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 6th. Stockholders of record on Tuesday, January 27th will be issued a $0.20 dividend. The ex-dividend date is Tuesday, January 27th. This represents a $0.80 annualized dividend and a dividend yield of 0.8%. This is an increase from Metropolitan Bank’s previous quarterly dividend of $0.15. Metropolitan Bank’s dividend payout ratio (DPR) is presently 9.02%.

Key Headlines Impacting Metropolitan Bank

Here are the key news stories impacting Metropolitan Bank this week:

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on MCB shares. Weiss Ratings restated a “hold (c+)” rating on shares of Metropolitan Bank in a report on Wednesday, October 8th. Zacks Research upgraded shares of Metropolitan Bank from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Finally, Keefe, Bruyette & Woods increased their price objective on Metropolitan Bank from $90.00 to $105.00 and gave the company an “outperform” rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $92.00.

Check Out Our Latest Research Report on Metropolitan Bank

Institutional Trading of Metropolitan Bank

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its holdings in Metropolitan Bank by 9.5% in the second quarter. American Century Companies Inc. now owns 298,469 shares of the company’s stock valued at $20,893,000 after purchasing an additional 25,864 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Metropolitan Bank by 107.3% in the second quarter. Bank of New York Mellon Corp now owns 148,257 shares of the company’s stock valued at $10,378,000 after acquiring an additional 76,745 shares during the period. Strs Ohio purchased a new stake in Metropolitan Bank in the 1st quarter worth approximately $218,000. Sheets Smith Wealth Management acquired a new stake in shares of Metropolitan Bank during the 2nd quarter worth approximately $533,000. Finally, Creative Planning increased its holdings in shares of Metropolitan Bank by 128.1% during the 2nd quarter. Creative Planning now owns 14,730 shares of the company’s stock valued at $1,031,000 after purchasing an additional 8,271 shares in the last quarter. Institutional investors and hedge funds own 79.83% of the company’s stock.

About Metropolitan Bank

(Get Free Report)

Metropolitan Bank (NYSE:MCB), through its principal subsidiary Metropolitan Commercial Bank, operates as a New York–based regional financial institution providing a range of commercial and consumer banking services. The company offers deposit products including checking, savings and money market accounts, as well as business and personal certificates of deposit. On the lending side, Metropolitan Bank extends commercial real estate financing, equipment loans, working capital lines of credit and consumer installment loans tailored to the needs of small- and medium-sized enterprises and individual customers.

In addition to traditional deposit and lending services, Metropolitan Bank provides specialized treasury and cash-management solutions, foreign exchange services and letters of credit for both domestic businesses and multinational clients.

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Insider Buying and Selling by Quarter for Metropolitan Bank (NYSE:MCB)

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