Metropolitan Bank Holding Corp (NYSE:MCB) CFO Anthony J. Fabiano purchased 750 shares of Metropolitan Bank stock in a transaction on Friday, August 10th. The stock was bought at an average price of $46.38 per share, for a total transaction of $34,785.00. The purchase was disclosed in a document filed with the SEC, which is available through this link.

Shares of Metropolitan Bank traded up $0.64, reaching $46.42, during midday trading on Friday, MarketBeat.com reports. The company’s stock had a trading volume of 32,014 shares, compared to its average volume of 29,885. The company has a market capitalization of $375.23 million and a price-to-earnings ratio of 13.83. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.15 and a quick ratio of 1.15. Metropolitan Bank Holding Corp has a fifty-two week low of $36.35 and a fifty-two week high of $55.00.

Metropolitan Bank (NYSE:MCB) last announced its quarterly earnings data on Wednesday, July 25th. The company reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.11). The business had revenue of $20.04 million during the quarter, compared to analyst estimates of $22.29 million. Metropolitan Bank had a net margin of 21.51% and a return on equity of 11.52%. analysts anticipate that Metropolitan Bank Holding Corp will post 3.01 EPS for the current year.

MCB has been the topic of a number of analyst reports. ValuEngine lowered Metropolitan Bank from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Zacks Investment Research lowered Metropolitan Bank from a “buy” rating to a “strong sell” rating in a research report on Tuesday, July 31st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Metropolitan Bank has an average rating of “Hold” and a consensus price target of $49.00.

Several large investors have recently made changes to their positions in MCB. BlackRock Inc. acquired a new position in shares of Metropolitan Bank in the 4th quarter valued at about $6,568,000. Millennium Management LLC acquired a new position in shares of Metropolitan Bank in the 1st quarter valued at about $4,337,000. Franklin Resources Inc. lifted its stake in shares of Metropolitan Bank by 26.4% in the 1st quarter. Franklin Resources Inc. now owns 339,525 shares of the company’s stock valued at $14,297,000 after purchasing an additional 70,991 shares during the period. Cadence Capital Management LLC acquired a new position in shares of Metropolitan Bank in the 2nd quarter valued at about $2,066,000. Finally, Prudential Financial Inc. acquired a new position in shares of Metropolitan Bank in the 1st quarter valued at about $1,615,000. 50.63% of the stock is currently owned by institutional investors.

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.

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