Metropolitan Bank Holding Corp (NYSE:MCB) Shares Bought by Morgan Stanley

Morgan Stanley raised its holdings in Metropolitan Bank Holding Corp (NYSE:MCB) by 271.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 3,912 shares of the company’s stock after acquiring an additional 2,860 shares during the period. Morgan Stanley’s holdings in Metropolitan Bank were worth $172,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of MCB. Bank of Montreal Can purchased a new stake in shares of Metropolitan Bank during the 2nd quarter valued at $26,000. Russell Investments Group Ltd. grew its stake in shares of Metropolitan Bank by 196.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,660 shares of the company’s stock valued at $73,000 after buying an additional 1,100 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of Metropolitan Bank by 198.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,514 shares of the company’s stock valued at $111,000 after buying an additional 1,673 shares during the period. Marshall Wace LLP grew 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. Finally, Joel Isaacson & Co. LLC purchased a new stake in shares of Metropolitan Bank during the 2nd quarter valued at $214,000. Institutional investors own 52.21% of the company’s stock.

Shares of Metropolitan Bank stock opened at $45.86 on Friday. The company has a fifty day moving average price of $41.68 and a 200 day moving average price of $40.91. The company has a current ratio of 1.07, a quick ratio of 1.14 and a debt-to-equity ratio of 0.58. Metropolitan Bank Holding Corp has a twelve month low of $29.05 and a twelve month high of $46.78. The stock has a market cap of $379.88 million, a price-to-earnings ratio of 13.55 and a beta of 1.39.

Metropolitan Bank (NYSE:MCB) last announced its quarterly earnings results on Friday, November 8th. The company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.12. Metropolitan Bank had a net margin of 22.55% and a return on equity of 10.28%. Analysts forecast that Metropolitan Bank Holding Corp will post 3.56 earnings per share for the current year.

In related news, CEO Mark R. Defazio sold 3,243 shares of the company’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $42.94, for a total transaction of $139,254.42. 16.40% of the stock is currently owned by corporate insiders.

Several analysts have recently issued reports on MCB shares. Zacks Investment Research raised shares of Metropolitan Bank from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 8th. ValuEngine cut shares of Metropolitan Bank from a “sell” rating to a “strong sell” rating in a research note on Thursday. Finally, Peel Hunt reissued a “hold” rating on shares of Metropolitan Bank in a research note on Tuesday, October 22nd. One analyst has rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $46.00.

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.

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

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