Aviva PLC bought a new stake in Metropolitan Bank Holding Corp. (NYSE:MCB – Get Rating) during the fourth quarter, HoldingsChannel.com reports. The fund bought 6,075 shares of the company’s stock, valued at approximately $22,217,000.
A number of other institutional investors and hedge funds also recently modified their holdings of MCB. PNC Financial Services Group Inc. raised its holdings in shares of Metropolitan Bank by 5,500.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 392 shares of the company’s stock valued at $40,000 after purchasing an additional 385 shares during the period. Ensign Peak Advisors Inc bought a new stake in shares of Metropolitan Bank in the 3rd quarter valued at about $45,000. Quantbot Technologies LP acquired a new position in shares of Metropolitan Bank during the 1st quarter worth approximately $219,000. Walleye Trading LLC acquired a new position in shares of Metropolitan Bank during the 1st quarter worth approximately $222,000. Finally, Thrivent Financial for Lutherans acquired a new position in shares of Metropolitan Bank during the 4th quarter worth approximately $227,000. 81.07% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of analysts have recently weighed in on MCB shares. TheStreet downgraded shares of Metropolitan Bank from a “b-” rating to a “c+” rating in a report on Wednesday, March 15th. JPMorgan Chase & Co. cut their price target on shares of Metropolitan Bank from $63.00 to $37.00 in a report on Thursday, April 6th. Finally, Keefe, Bruyette & Woods cut their price target on shares of Metropolitan Bank from $80.00 to $69.00 and set an “outperform” rating for the company in a report on Thursday, April 6th.
Insider Activity at Metropolitan Bank
Metropolitan Bank Price Performance
Shares of NYSE:MCB opened at $29.26 on Friday. The company has a market cap of $328.00 million, a price-to-earnings ratio of 5.01 and a beta of 1.01. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a 50 day simple moving average of $29.38 and a 200 day simple moving average of $48.46. Metropolitan Bank Holding Corp. has a one year low of $13.98 and a one year high of $80.37.
About Metropolitan Bank
Metropolitan Bank Holding Corp. engages in the provision of banking solutions. It provides a range of business, commercial and retail banking products and services to small businesses, middle-market enterprises, public entities, and affluent individuals. The company was founded by Mark R. DeFazio in 1999 and is headquartered in New York, NY.
- Get a free copy of the StockNews.com research report on Metropolitan Bank (MCB)
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