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

Metropolitan Bank Holding Corp (NYSE:MCB) was the target of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totalling 46,000 shares, a decrease of 20.7% from the June 15th total of 58,000 shares. Approximately 0.8% of the company’s shares are sold short. Based on an average daily volume of 18,100 shares, the short-interest ratio is currently 2.5 days.

Metropolitan Bank stock traded down $0.48 during trading hours on Monday, reaching $43.52. 6,586 shares of the company’s stock were exchanged, compared to its average volume of 19,042. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.23 and a quick ratio of 1.23. The stock’s 50 day moving average price is $42.69. Metropolitan Bank has a twelve month low of $29.05 and a twelve month high of $50.96. The firm has a market cap of $369.91 million, a price-to-earnings ratio of 14.37 and a beta of 1.29.

Metropolitan Bank (NYSE:MCB) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $0.71 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($0.18). Metropolitan Bank had a return on equity of 10.53% and a net margin of 24.86%. The business had revenue of $25.61 million for the quarter, compared to analyst estimates of $26.00 million. On average, research analysts expect that Metropolitan Bank will post 3.76 EPS for the current fiscal year.

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

Institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. grew its stake in shares of Metropolitan Bank by 2.2% in the 4th quarter. BlackRock Inc. now owns 335,899 shares of the company’s stock valued at $10,363,000 after buying an additional 7,206 shares during the period. Pacific Ridge Capital Partners LLC grew its stake in shares of Metropolitan Bank by 34.5% in the 1st quarter. Pacific Ridge Capital Partners LLC now owns 142,168 shares of the company’s stock valued at $4,946,000 after buying an additional 36,434 shares during the period. M3F Inc. acquired a new stake in shares of Metropolitan Bank in the 1st quarter valued at about $357,000. First Trust Advisors LP grew its stake 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 valued at $351,000 after buying an additional 1,791 shares during the period. Finally, Northern Trust Corp grew its stake in shares of Metropolitan Bank by 2.5% in the 4th quarter. Northern Trust Corp now owns 75,091 shares of the company’s stock valued at $2,317,000 after buying an additional 1,842 shares during the period. Institutional investors own 51.07% of the company’s stock.

A number of analysts recently weighed in on MCB shares. TheStreet downgraded Tesla from a “c-” rating to a “d+” rating in a report on Monday, April 29th. Zacks Investment Research downgraded Eisai from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 24th.

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.

Featured Article: Stock Symbols and CUSIP Explained

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.