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.
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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