SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Maintain 6.2% Stake in Metropolitan Bank Holding Corp
Beneficial Ownership Report
FMR LLC and Abigail P. Johnson have filed an amended Schedule 13G, disclosing a continued beneficial ownership of 6.2% of Metropolitan Bank Holding Corp's common stock as of March 31, 2025.
Summary
- FMR LLC and Abigail P. Johnson jointly reported beneficial ownership of 700,222.60 shares of Metropolitan Bank Holding Corp's common stock.
- This represents 6.2% of the total outstanding common stock of Metropolitan Bank Holding Corp.
- FMR LLC holds sole voting power over 699,688.00 shares and sole dispositive power over 700,222.60 shares.
- Abigail P. Johnson holds sole dispositive power over 700,222.60 shares, with no sole or shared voting power.
- The filing is an Amendment No. 3 to a previous Schedule 13G, indicating ongoing reporting of their stake.
- The shares were acquired and are held in the ordinary course of business and were not acquired or held for the purpose of or with the effect of changing or influencing the control of the issuer.
Sentiment
Score: 5
Explanation: The document is a routine beneficial ownership disclosure (Schedule 13G Amendment No. 3) and does not contain information that inherently indicates positive or negative sentiment regarding the issuer's performance or outlook. It confirms a continued significant stake by FMR LLC and Abigail P. Johnson.
Risks
- The reporting persons certified that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer, nor in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under Rule 14a-11.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- The continued significant beneficial ownership by FMR LLC and Abigail P. Johnson may provide a degree of stability for shareholders by indicating a long-term institutional interest in Metropolitan Bank Holding Corp.
Key Dates
| Date | Description |
|---|---|
| January 3, 2023 | Effective date of Power of Attorney for FMR LLC. |
| January 26, 2023 | Effective date of Power of Attorney for Abigail P. Johnson. |
| March 31, 2025 | Date of event which requires filing of this statement. |
| May 9, 2025 | Date of filing and signature of the Schedule 13G Amendment No. 3. |
Keywords
Metropolitan Bank Holding Corp, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Bank, Financial Services, Investment Management
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