Fourthstone LLC Has $917,000 Stake in Metropolitan Bank Holding Corp. (NYSE:MCB)

Fourthstone LLC lowered its holdings in Metropolitan Bank Holding Corp. (NYSE:MCB) by 25.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,702 shares of the company’s stock after selling 5,348 shares during the period. Fourthstone LLC’s holdings in Metropolitan Bank were worth $917,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Picton Mahoney Asset Management lifted its position in Metropolitan Bank by 46.9% in 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 in the last quarter. USA Financial Formulas acquired a new stake in Metropolitan Bank during the fourth quarter valued at $66,000. R Squared Ltd acquired a new position in Metropolitan Bank in the 4th quarter worth about $91,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Metropolitan Bank during the 4th quarter worth about $128,000. Finally, Virtu Financial LLC acquired a new stake in shares of Metropolitan Bank during the 4th quarter valued at about $221,000. Hedge funds and other institutional investors own 79.83% of the company’s stock.

Insider Activity

In other Metropolitan Bank news, Director Dale C. Fredston sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $62.27, for a total value of $62,270.00. Following the sale, the director now owns 17,668 shares of the company’s stock, valued at $1,100,186.36. This trade represents a 5.36 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Mark R. Defazio sold 15,088 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $54.78, for a total value of $826,520.64. Following the transaction, the chief executive officer now owns 100,628 shares of the company’s stock, valued at approximately $5,512,401.84. This trade represents a 13.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,088 shares of company stock valued at $1,161,791. 6.50% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, Hovde Group increased their price objective on Metropolitan Bank from $75.00 to $83.50 and gave the stock an “outperform” rating in a report on Monday, January 27th.

Metropolitan Bank Stock Performance

MCB opened at $53.52 on Thursday. The stock has a 50-day moving average of $56.15 and a 200-day moving average of $58.92. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.00 and a current ratio of 1.00. Metropolitan Bank Holding Corp. has a 52-week low of $32.46 and a 52-week high of $69.56. The company has a market cap of $600.76 million, a PE ratio of 9.04 and a beta of 0.95.

Metropolitan Bank (NYSE:MCB) last issued its quarterly earnings data on Thursday, January 23rd. The company reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.39. Metropolitan Bank had a net margin of 13.55% and a return on equity of 10.89%. As a group, equities research analysts forecast that Metropolitan Bank Holding Corp. will post 7.31 earnings per share for the current fiscal year.

About Metropolitan Bank

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.