Metropolitan Bank Holding Corp (MCB) Stake Lessened by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. lowered its position in Metropolitan Bank Holding Corp (NYSE:MCB) by 39.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 9,198 shares of the company’s stock after selling 5,926 shares during the period. D. E. Shaw & Co. Inc.’s holdings in Metropolitan Bank were worth $284,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of America Corp DE lifted its position in shares of Metropolitan Bank by 46.0% in the 4th quarter. Bank of America Corp DE now owns 6,103 shares of the company’s stock worth $189,000 after purchasing an additional 1,923 shares during the period. MetLife Investment Advisors LLC acquired a new position in shares of Metropolitan Bank in the 3rd quarter worth approximately $209,000. Jane Street Group LLC acquired a new position in shares of Metropolitan Bank in the 3rd quarter worth approximately $234,000. Rhumbline Advisers lifted its position in shares of Metropolitan Bank by 49.0% in the 4th quarter. Rhumbline Advisers now owns 9,023 shares of the company’s stock worth $278,000 after purchasing an additional 2,966 shares during the period. Finally, First Trust Advisors LP lifted its position in shares of Metropolitan Bank by 18.7% in the 4th quarter. First Trust Advisors LP now owns 11,389 shares of the company’s stock worth $351,000 after purchasing an additional 1,791 shares during the period. Hedge funds and other institutional investors own 52.24% of the company’s stock.

Metropolitan Bank stock opened at $36.78 on Tuesday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.25 and a current ratio of 1.25. Metropolitan Bank Holding Corp has a 12-month low of $29.05 and a 12-month high of $55.00. The firm has a market cap of $305.54 million, a P/E ratio of 12.02 and a beta of 1.32.

Metropolitan Bank (NYSE:MCB) last released its earnings results on Thursday, January 24th. The company reported $0.75 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.01). Metropolitan Bank had a net margin of 26.43% and a return on equity of 10.02%. The company had revenue of $21.15 million for the quarter, compared to analyst estimates of $21.03 million. On average, equities research analysts expect that Metropolitan Bank Holding Corp will post 3.35 EPS for the current fiscal year.

In related news, insider Mark R. Defazio sold 2,000 shares of the business’s stock in a transaction on Monday, January 28th. The shares were sold at an average price of $35.49, for a total transaction of $70,980.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Mark R. Defazio sold 4,000 shares of the business’s stock in a transaction on Friday, February 1st. The shares were sold at an average price of $35.21, for a total transaction of $140,840.00. The disclosure for this sale can be found here. Insiders have sold a total of 10,000 shares of company stock worth $352,820 in the last quarter. 21.18% of the stock is owned by corporate insiders.

A number of brokerages have recently issued reports on MCB. Zacks Investment Research upgraded shares of Metropolitan Bank from a “sell” rating to a “hold” rating in a research report on Tuesday, March 19th. Canaccord Genuity restated a “hold” rating on shares of Metropolitan Bank in a research report on Thursday, January 10th.

COPYRIGHT VIOLATION WARNING: “Metropolitan Bank Holding Corp (MCB) Stake Lessened by D. E. Shaw & Co. Inc.” was first published by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece on another website, it was illegally copied and reposted in violation of US and international trademark and copyright laws. The original version of this piece can be read at https://www.com-unik.info/2019/04/16/metropolitan-bank-holding-corp-mcb-stake-lessened-by-d-e-shaw-co-inc.html.

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.

Further Reading: How to Invest in an Index Fund

Want to see what other hedge funds are holding MCB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Metropolitan Bank Holding Corp (NYSE:MCB).

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

Receive News & Ratings for Metropolitan Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Metropolitan Bank and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit