Metropolitan Bank Holding Corp (NYSE:MCB) Short Interest Update

Metropolitan Bank Holding Corp (NYSE:MCB) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totalling 58,000 shares, a growth of 70.6% from the May 30th total of 34,000 shares. Approximately 1.0% of the company’s shares are short sold. Based on an average daily volume of 18,900 shares, the short-interest ratio is currently 3.1 days.

In related news, COO Gerard A. Perri sold 2,625 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $41.15, for a total value of $108,018.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 16.40% of the company’s stock.

Large investors have recently modified their holdings of the business. BNP Paribas Arbitrage SA boosted its stake in shares of Metropolitan Bank by 528.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,358 shares of the company’s stock valued at $47,000 after buying an additional 1,142 shares during the period. Metropolitan Life Insurance Co. NY boosted its stake in shares of Metropolitan Bank by 356.4% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 2,314 shares of the company’s stock valued at $71,000 after buying an additional 1,807 shares during the period. Marshall Wace North America L.P. acquired a new stake in shares of Metropolitan Bank during the 1st quarter valued at $99,000. Joel Isaacson & Co. LLC acquired a new stake in shares of Metropolitan Bank during the 2nd quarter valued at $214,000. Finally, Marshall Wace LLP boosted its stake in shares of Metropolitan Bank by 331.6% during the 1st quarter. Marshall Wace LLP now owns 6,059 shares of the company’s stock valued at $211,000 after buying an additional 4,655 shares during the period. 51.02% of the stock is owned by institutional investors.

MCB has been the subject of a number of recent analyst reports. Zacks Investment Research lowered shares of ExlService from a “hold” rating to a “sell” rating in a research note on Wednesday. TheStreet lowered shares of Tesla from a “c-” rating to a “d+” rating in a research note on Monday, April 29th.

Shares of NYSE:MCB traded down $0.16 during trading on Friday, reaching $43.96. 10,399 shares of the company traded hands, compared to its average volume of 21,116. The company has a fifty day simple moving average of $41.79. The firm has a market cap of $367.11 million, a price-to-earnings ratio of 14.37 and a beta of 1.29. Metropolitan Bank has a 1-year low of $29.05 and a 1-year high of $53.05. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.87.

Metropolitan Bank (NYSE:MCB) last issued its earnings results on Wednesday, April 24th. The company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.26. The company had revenue of $23.29 million during the quarter, compared to analyst estimates of $22.76 million. Metropolitan Bank had a net margin of 27.33% and a return on equity of 10.62%. As a group, research analysts anticipate that Metropolitan Bank will post 3.76 EPS for the current fiscal year.

Metropolitan Bank Company 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.

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