Assenagon Asset Management S.A. Has $3.25 Million Stock Position in Metropolitan Bank Holding Corp. (NYSE:MCB)

Assenagon Asset Management S.A. reduced its position in shares of Metropolitan Bank Holding Corp. (NYSE:MCB) by 19.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 58,031 shares of the company’s stock after selling 13,615 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Metropolitan Bank were worth $3,249,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in MCB. Proficio Capital Partners LLC acquired a new position in Metropolitan Bank during the 4th quarter worth approximately $1,405,000. Charles Schwab Investment Management Inc. raised its stake in Metropolitan Bank by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 30,348 shares of the company’s stock worth $1,772,000 after buying an additional 595 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in Metropolitan Bank by 68.6% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,819 shares of the company’s stock worth $807,000 after buying an additional 5,624 shares during the period. Picton Mahoney Asset Management raised its stake in Metropolitan Bank by 46.9% during the 4th 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 period. Finally, Royce & Associates LP purchased a new stake in shares of Metropolitan Bank in the fourth quarter worth approximately $2,174,000. 79.83% of the stock is owned by institutional investors and hedge funds.

Metropolitan Bank Stock Performance

Shares of Metropolitan Bank stock opened at $64.17 on Monday. The company has a market cap of $684.05 million, a PE ratio of 10.84 and a beta of 1.08. Metropolitan Bank Holding Corp. has a 52 week low of $37.10 and a 52 week high of $69.56. The business has a 50 day moving average price of $61.57 and a 200-day moving average price of $60.35. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.36.

Metropolitan Bank (NYSE:MCB) last issued its quarterly earnings data on Monday, April 21st. The company reported $1.45 EPS for the quarter, missing the consensus estimate of $1.61 by ($0.16). The company had revenue of $70.59 million during the quarter, compared to analysts’ expectations of $67.62 million. Metropolitan Bank had a return on equity of 10.89% and a net margin of 13.55%. During the same period last year, the company earned $1.46 earnings per share. Equities analysts anticipate that Metropolitan Bank Holding Corp. will post 7.31 earnings per share for the current fiscal year.

Insider Transactions at Metropolitan Bank

In other news, SVP Norman Scott sold 3,293 shares of the stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $60.57, for a total value of $199,457.01. Following the completion of the sale, the senior vice president now directly owns 12,546 shares of the company’s stock, valued at $759,911.22. This represents a 20.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Dixiana M. Berrios sold 6,250 shares of the stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $64.00, for a total value of $400,000.00. Following the completion of the sale, the chief operating officer now directly owns 13,606 shares of the company’s stock, valued at approximately $870,784. This trade represents a 31.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 53,200 shares of company stock valued at $3,455,729 over the last ninety days. 6.09% of the stock is currently owned by insiders.

Metropolitan Bank Profile

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.