SG Americas Securities LLC Grows Holdings in Metropolitan Bank Holding Corp. (NYSE:MCB)

SG Americas Securities LLC lifted its stake in shares of Metropolitan Bank Holding Corp. (NYSE:MCBGet Rating) by 4.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 9,421 shares of the company’s stock after acquiring an additional 392 shares during the period. SG Americas Securities LLC’s holdings in Metropolitan Bank were worth $606,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. PNC Financial Services Group Inc. lifted its holdings in shares of Metropolitan Bank by 5,500.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 392 shares of the company’s stock worth $40,000 after acquiring an additional 385 shares during the period. Private Capital Group LLC lifted its holdings in shares of Metropolitan Bank by 127.5% during the 2nd quarter. Private Capital Group LLC now owns 414 shares of the company’s stock worth $29,000 after acquiring an additional 232 shares during the period. Amalgamated Bank purchased a new position in shares of Metropolitan Bank during the 1st quarter worth about $123,000. Quantbot Technologies LP purchased a new position in shares of Metropolitan Bank during the 1st quarter worth about $219,000. Finally, Walleye Trading LLC purchased a new position in shares of Metropolitan Bank during the 1st quarter worth about $222,000. 81.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. dropped their target price on shares of Metropolitan Bank from $67.00 to $66.00 and set an “overweight” rating for the company in a research report on Wednesday, January 11th.

Metropolitan Bank Stock Down 3.3 %

MCB opened at $57.14 on Monday. The firm has a 50 day moving average price of $60.45 and a 200 day moving average price of $66.18. The company has a market cap of $624.65 million, a PE ratio of 10.82 and a beta of 1.12. Metropolitan Bank Holding Corp. has a 1 year low of $53.67 and a 1 year high of $109.42. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.93 and a current ratio of 0.93.

Metropolitan Bank (NYSE:MCBGet Rating) last posted its earnings results on Thursday, October 20th. The company reported $2.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.34 by ($0.11). The business had revenue of $69.14 million for the quarter, compared to analyst estimates of $67.31 million. Metropolitan Bank had a return on equity of 15.14% and a net margin of 33.54%. Sell-side analysts expect that Metropolitan Bank Holding Corp. will post 8.46 earnings per share for the current year.

About Metropolitan Bank

(Get Rating)

Metropolitan Bank Holding Corp. engages in the provision of banking solutions through its subsidiary, the Metropolitan Commercial Bank. It provides a range of business, commercial and retail banking products and services to small businesses, middle-market enterprises, public entities, and affluent individuals.

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Institutional Ownership by Quarter for Metropolitan Bank (NYSE:MCB)

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