Tudor Investment Corp ET AL Sells 424 Shares of Metropolitan Bank Holding Corp. (NYSE:MCB)

Tudor Investment Corp ET AL decreased its position in shares of Metropolitan Bank Holding Corp. (NYSE:MCB) by 6.2% during the 4th quarter, Holdings Channel reports. The fund owned 6,362 shares of the company’s stock after selling 424 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Metropolitan Bank were worth $372,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of MCB. Picton Mahoney Asset Management grew its holdings in shares of Metropolitan Bank by 46.9% in the 4th quarter. Picton Mahoney Asset Management now owns 504 shares of the company’s stock valued at $30,000 after buying an additional 161 shares during the period. USA Financial Formulas acquired a new position in Metropolitan Bank in the fourth quarter valued at about $66,000. R Squared Ltd bought a new stake in shares of Metropolitan Bank in the fourth quarter worth about $91,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Metropolitan Bank during the fourth quarter worth about $128,000. Finally, Virtu Financial LLC bought a new position in shares of Metropolitan Bank during the 4th quarter valued at about $221,000. Institutional investors and hedge funds own 79.83% of the company’s stock.

Insider Buying and Selling at Metropolitan Bank

In other news, CEO Mark R. Defazio sold 15,088 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $54.78, for a total transaction of $826,520.64. Following the sale, the chief executive officer now owns 100,628 shares in the company, valued at $5,512,401.84. This represents a 13.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Dale C. Fredston sold 1,000 shares of the firm’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $62.27, for a total transaction of $62,270.00. Following the completion of the transaction, the director now directly owns 17,668 shares of the company’s stock, valued at $1,100,186.36. This represents a 5.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 30,657 shares of company stock worth $1,762,743. Insiders own 6.50% of the company’s stock.

Analyst Ratings Changes

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

Metropolitan Bank Stock Down 0.6 %

MCB stock opened at $65.24 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market capitalization of $695.46 million, a P/E ratio of 11.02 and a beta of 1.11. Metropolitan Bank Holding Corp. has a fifty-two week low of $37.10 and a fifty-two week high of $69.56. The business has a 50-day moving average of $56.18 and a 200-day moving average of $59.56.

Metropolitan Bank (NYSE:MCB) last issued 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 business had revenue of $70.59 million for the quarter, compared to the consensus estimate 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 prior year, the business earned $1.46 earnings per share. On average, sell-side analysts anticipate that Metropolitan Bank Holding Corp. will post 7.31 earnings per share for the current fiscal year.

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.