Metropolitan Bank Holding Corp. (NYSE:MCB – Get Free Report) Director Chaya Pamula bought 450 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The shares were bought at an average price of $54.29 per share, for a total transaction of $24,430.50. Following the completion of the acquisition, the director now owns 6,513 shares in the company, valued at approximately $353,590.77. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Metropolitan Bank Price Performance
Shares of MCB opened at $52.78 on Friday. The firm has a market cap of $590.61 million, a price-to-earnings ratio of 9.92 and a beta of 1.13. The stock has a 50 day moving average of $52.64 and a 200-day moving average of $46.57. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.37. Metropolitan Bank Holding Corp. has a 52 week low of $31.35 and a 52 week high of $64.10.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the company. CWM LLC grew its position in shares of Metropolitan Bank by 70.1% in the 2nd quarter. CWM LLC now owns 784 shares of the company’s stock worth $33,000 after acquiring an additional 323 shares in the last quarter. SummerHaven Investment Management LLC grew its position in shares of Metropolitan Bank by 2.0% in the 2nd quarter. SummerHaven Investment Management LLC now owns 18,270 shares of the company’s stock worth $769,000 after acquiring an additional 367 shares in the last quarter. Point72 DIFC Ltd acquired a new position in Metropolitan Bank during the 2nd quarter valued at approximately $27,000. Salzhauer Michael boosted its position in Metropolitan Bank by 2.3% during the 2nd quarter. Salzhauer Michael now owns 38,100 shares of the company’s stock valued at $1,604,000 after purchasing an additional 842 shares during the period. Finally, Principal Financial Group Inc. boosted its position in Metropolitan Bank by 12.0% during the 2nd quarter. Principal Financial Group Inc. now owns 13,591 shares of the company’s stock valued at $572,000 after purchasing an additional 1,456 shares during the period. Institutional investors and hedge funds own 79.83% of the company’s stock.
Analyst Ratings Changes
Get Our Latest Stock Analysis on MCB
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.
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