Metropolitan Bank Holding Corp. (MCB) To Go Ex-Dividend on January 27th

Metropolitan Bank Holding Corp. (NYSE:MCB) declared a quarterly dividend on Friday, January 16th. Stockholders of record on Tuesday, January 27th will be given a dividend of 0.20 per share on Friday, February 6th. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Tuesday, January 27th. This is a 33.3% increase from Metropolitan Bank’s previous quarterly dividend of $0.15.

Metropolitan Bank Trading Down 5.6%

NYSE MCB opened at $89.60 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.98 and a current ratio of 0.98. Metropolitan Bank has a one year low of $47.08 and a one year high of $96.75. The company has a 50-day simple moving average of $78.33 and a 200-day simple moving average of $75.51. The firm has a market capitalization of $922.90 million, a PE ratio of 13.47 and a beta of 1.13.

Metropolitan Bank (NYSE:MCB) last issued its earnings results on Tuesday, January 20th. The company reported $2.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.07 by $0.70. Metropolitan Bank had a net margin of 13.49% and a return on equity of 9.73%. The firm had revenue of $88.41 million for the quarter, compared to analysts’ expectations of $83.15 million. On average, equities analysts forecast that Metropolitan Bank will post 7.31 earnings per share for the current year.

Insider Buying and Selling at Metropolitan Bank

In related news, CFO Daniel F. Dougherty acquired 1,000 shares of Metropolitan Bank stock in a transaction that occurred on Monday, October 27th. The stock was acquired at an average price of $71.66 per share, with a total value of $71,660.00. Following the completion of the acquisition, the chief financial officer directly owned 27,341 shares of the company’s stock, valued at $1,959,256.06. This trade represents a 3.80% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Nick Rosenberg sold 1,250 shares of the stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $90.21, for a total transaction of $112,762.50. Following the completion of the transaction, the executive vice president owned 25,839 shares of the company’s stock, valued at $2,330,936.19. This represents a 4.61% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders bought 1,167 shares of company stock valued at $83,010. Company insiders own 6.09% of the company’s stock.

Institutional Trading of Metropolitan Bank

A number of hedge funds and other institutional investors have recently made changes to their positions in MCB. State of Alaska Department of Revenue grew its position in Metropolitan Bank by 644.2% in the fourth quarter. State of Alaska Department of Revenue now owns 3,163 shares of the company’s stock worth $241,000 after buying an additional 2,738 shares during the last quarter. Sippican Capital Advisors lifted its position in shares of Metropolitan Bank by 3.7% during the 4th quarter. Sippican Capital Advisors now owns 28,097 shares of the company’s stock valued at $2,145,000 after acquiring an additional 1,014 shares during the last quarter. Daytona Street Capital LLC bought a new stake in shares of Metropolitan Bank during the 4th quarter worth $199,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Metropolitan Bank by 9.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,502 shares of the company’s stock worth $344,000 after acquiring an additional 393 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of Metropolitan Bank by 26.0% in the 4th quarter. SG Americas Securities LLC now owns 8,055 shares of the company’s stock worth $615,000 after acquiring an additional 1,660 shares during the last quarter. 79.83% of the stock is currently owned by institutional investors.

About Metropolitan Bank

Metropolitan Bank (NYSE:MCB), through its principal subsidiary Metropolitan Commercial Bank, operates as a New York–based regional financial institution providing a range of commercial and consumer banking services. The company offers deposit products including checking, savings and money market accounts, as well as business and personal certificates of deposit. On the lending side, Metropolitan Bank extends commercial real estate financing, equipment loans, working capital lines of credit and consumer installment loans tailored to the needs of small- and medium-sized enterprises and individual customers.

In addition to traditional deposit and lending services, Metropolitan Bank provides specialized treasury and cash-management solutions, foreign exchange services and letters of credit for both domestic businesses and multinational clients.