Metropolitan Bank Holding Corp. (NYSE:MCB) CEO Mark R. Defazio Acquires 20,517 Shares

Metropolitan Bank Holding Corp. (NYSE:MCBGet Rating) CEO Mark R. Defazio acquired 20,517 shares of Metropolitan Bank stock in a transaction that occurred on Monday, March 13th. The shares were bought at an average price of $24.20 per share, with a total value of $496,511.40. Following the transaction, the chief executive officer now directly owns 20,517 shares in the company, valued at $496,511.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Metropolitan Bank Trading Down 43.8 %

Metropolitan Bank stock opened at $24.60 on Tuesday. The firm has a 50-day moving average price of $56.83 and a two-hundred day moving average price of $62.16. Metropolitan Bank Holding Corp. has a 52-week low of $13.98 and a 52-week high of $107.35. The firm has a market capitalization of $269.64 million, a price-to-earnings ratio of 4.66 and a beta of 1.08. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.19.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. reduced their price target on shares of Metropolitan Bank from $66.00 to $63.00 and set an “overweight” rating for the company in a report on Monday, January 23rd.

Hedge Funds Weigh In On Metropolitan Bank

Hedge funds and other institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. raised its stake in Metropolitan Bank by 5,500.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 392 shares of the company’s stock valued at $40,000 after acquiring an additional 385 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in shares of Metropolitan Bank by 1,865.4% during the fourth quarter. Quadrant Capital Group LLC now owns 511 shares of the company’s stock valued at $30,000 after purchasing an additional 485 shares during the period. Ensign Peak Advisors Inc bought a new stake in shares of Metropolitan Bank during the third quarter valued at about $45,000. River Oaks Capital LLC lifted its holdings in Metropolitan Bank by 53.8% in the third quarter. River Oaks Capital LLC now owns 2,000 shares of the company’s stock worth $129,000 after purchasing an additional 700 shares during the period. Finally, Quantbot Technologies LP bought a new position in Metropolitan Bank in the 1st quarter valued at about $219,000. 81.07% of the stock is currently owned by institutional investors and hedge funds.

Metropolitan Bank Company Profile

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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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