6 days Ago By Defense World Staff
Legal & General Group Plc reduced its stake in Metropolitan Bank Holding Corp. ( NYSE:MCB – Free Report ) by 10.5% in the 4th quarter, according to the company in its most recent filing with the SEC.
The fund owned 10,429 shares of the company’s stock after selling 1,226 shares during the quarter. Legal & General Group Plc owned approximately 0.09% of Metropolitan Bank worth $609,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in MCB. Picton Mahoney Asset Management lifted its stake in shares of Metropolitan Bank by 46.9% in the fourth quarter.
Picton Mahoney Asset Management now owns 504 shares of the company’s stock worth $30,000 after buying an additional 161 shares during the last quarter. USA Financial Formulas acquired a new stake in shares of Metropolitan Bank in the fourth quarter valued at about $66,000. R Squared Ltd bought a new position in shares of Metropolitan Bank in the fourth quarter worth about $91,000.
KLP Kapitalforvaltning AS acquired a new position in shares of Metropolitan Bank during the 4th quarter worth about $128,000. Finally, Virtu Financial LLC bought a new stake in Metropolitan Bank during the 4th quarter valued at approximately $221,000. Institutional investors own 79.
83% of the company’s stock. Insider Transactions at Metropolitan Bank In other news, EVP Scott Lublin sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $54.
60, for a total transaction of $273,000.00. Following the completion of the sale, the executive vice president now owns 49,988 shares of the company’s stock, valued at approximately $2,729,344.
80. This trade represents a 9.09 % decrease in their ownership of the stock.
The transaction was disclosed in a filing with the SEC, which is accessible through this link . Also, CEO Mark R. Defazio sold 15,088 shares of the firm’s stock in a transaction on Monday, March 17th.
The shares were sold at an average price of $54.78, for a total value of $826,520.64.
Following the sale, the chief executive officer now directly owns 100,628 shares of the company’s stock, valued at $5,512,401.84. This represents a 13.
04 % decrease in their ownership of the stock. The disclosure for this sale can be found here . In the last three months, insiders sold 21,088 shares of company stock valued at $1,161,791.
Company insiders own 6.50% of the company’s stock. Analyst Upgrades and Downgrades View Our Latest Stock Report on Metropolitan Bank Metropolitan Bank Stock Up 0.
5 % MCB stock opened at $61.17 on Tuesday. The business’s 50-day simple moving average is $55.
48 and its 200 day simple moving average is $59.26. 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 $676.91 million, a PE ratio of 10.33 and a beta of 0.
95. Metropolitan Bank Holding Corp. has a twelve month low of $37.
10 and a twelve month high of $69.56. Metropolitan Bank ( NYSE:MCB – Get Free Report ) last released its quarterly earnings data on Monday, April 21st.
The company reported $1.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.
16). The firm had revenue of $70.59 million for the quarter, compared to the consensus estimate of $67.
62 million. Metropolitan Bank had a net margin of 13.55% and a return on equity of 10.
89%. During the same quarter in the prior year, the firm posted $1.46 earnings per share.
On average, research analysts anticipate that Metropolitan Bank Holding Corp. will post 7.31 earnings per share for the current year.
Metropolitan Bank Company Profile ( Free Report ) 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. Featured Articles Five stocks we like better than Metropolitan Bank What Investors Need to Know to Beat the Market Best Defense Stocks in 2025.
.. So Far Insider Buying Explained: What Investors Need to Know Alphabet Rebounds After Strong Earnings and Buyback Announcement Investing in Construction Stocks Could Selling Taiwan Semiconductor Be Buffett’s Biggest Regret? Want to see what other hedge funds are holding MCB? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Metropolitan Bank Holding Corp. ( NYSE:MCB – Free Report ). Receive News & Ratings for Metropolitan Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Metropolitan Bank and related companies with MarketBeat.
com's FREE daily email newsletter ..
