Northern Trust Corp grew its holdings in shares of Metropolitan Bank Holding Corp (NYSE:MCB) by 4.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 78,761 shares of the company’s stock after purchasing an additional 3,096 shares during the period. Northern Trust Corp owned 0.95% of Metropolitan Bank worth $3,465,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Bank of Montreal Can acquired a new stake in shares of Metropolitan Bank during the second quarter worth $26,000. Russell Investments Group Ltd. raised its holdings in shares of Metropolitan Bank by 196.4% during the second quarter. Russell Investments Group Ltd. now owns 1,660 shares of the company’s stock worth $73,000 after purchasing an additional 1,100 shares during the period. Marshall Wace North America L.P. acquired a new stake in shares of Metropolitan Bank during the first quarter worth $99,000. Joel Isaacson & Co. LLC acquired a new stake in shares of Metropolitan Bank during the second quarter worth $214,000. Finally, Chicago Equity Partners LLC acquired a new stake in shares of Metropolitan Bank during the second quarter worth $228,000. 52.21% of the stock is currently owned by institutional investors.
A number of analysts have weighed in on the stock. ValuEngine raised shares of Metropolitan Bank from a “sell” rating to a “hold” rating in a report on Thursday. Zacks Investment Research raised shares of Metropolitan Bank from a “strong sell” rating to a “hold” rating in a report on Tuesday.
Metropolitan Bank (NYSE:MCB) last released its quarterly earnings results on Wednesday, July 24th. The company reported $0.71 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.18). The firm had revenue of $25.61 million for the quarter, compared to the consensus estimate of $26.00 million. Metropolitan Bank had a return on equity of 10.37% and a net margin of 24.86%. Sell-side analysts expect that Metropolitan Bank Holding Corp will post 3.34 EPS for the current fiscal year.
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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