Metropolitan Bank Holding Corp. (NYSE:MCB – Get 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
Metropolitan Bank Company Profile
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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