Strs Ohio Takes $250,000 Position in Metropolitan Bank Holding Corp (MCB)

Strs Ohio bought a new position in shares of Metropolitan Bank Holding Corp (NYSE:MCB) during the first quarter, HoldingsChannel.com reports. The firm bought 7,200 shares of the company’s stock, valued at approximately $250,000.

A number of other hedge funds have also recently added to or reduced their stakes in MCB. Metropolitan Life Insurance Co. NY raised its position in Metropolitan Bank by 356.4% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 2,314 shares of the company’s stock worth $71,000 after purchasing an additional 1,807 shares during the last quarter. MetLife Investment Advisors LLC acquired a new stake in Metropolitan Bank during the 3rd quarter worth $209,000. Jane Street Group LLC acquired a new stake in Metropolitan Bank during the 3rd quarter worth $234,000. Bank of America Corp DE grew its holdings in Metropolitan Bank by 46.0% during the 4th quarter. Bank of America Corp DE now owns 6,103 shares of the company’s stock worth $189,000 after acquiring an additional 1,923 shares during the period. Finally, Renaissance Technologies LLC acquired a new stake in Metropolitan Bank during the 3rd quarter worth $366,000. 52.23% of the stock is currently owned by institutional investors and hedge funds.

NYSE MCB traded up $0.67 on Monday, reaching $42.33. The company had a trading volume of 16,927 shares, compared to its average volume of 17,732. The firm has a market cap of $352.19 million, a PE ratio of 13.83 and a beta of 1.44. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.79. Metropolitan Bank Holding Corp has a 1-year low of $29.05 and a 1-year high of $55.00.

Metropolitan Bank (NYSE:MCB) last announced its earnings results on Wednesday, April 24th. The company reported $1.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.26. Metropolitan Bank had a net margin of 27.33% and a return on equity of 10.79%. The firm had revenue of $23.29 million during the quarter, compared to analyst estimates of $22.76 million. Equities research analysts forecast that Metropolitan Bank Holding Corp will post 3.79 EPS for the current year.

Several brokerages have recently issued reports on MCB. Zacks Investment Research raised shares of Metropolitan Bank from a “sell” rating to a “hold” rating in a report on Thursday, March 28th. TheStreet raised shares of Metropolitan Bank from a “d+” rating to a “c-” rating in a report on Monday, April 29th.

In other Metropolitan Bank news, COO Gerard A. Perri sold 2,625 shares of the business’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $41.15, for a total transaction of $108,018.75. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 16.40% of the company’s stock.

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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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