Arrowstreet Capital Limited Partnership Has $530,000 Holdings in Metropolitan Bank Holding Corp. (NYSE:MCB)

Arrowstreet Capital Limited Partnership boosted its position in Metropolitan Bank Holding Corp. (NYSE:MCB - Free Report) by 138.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,082 shares of the company's stock after buying an additional 5,268 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.08% of Metropolitan Bank worth $530,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MCB. JPMorgan Chase & Co. grew its position in Metropolitan Bank by 1,726.5% in the 4th quarter. JPMorgan Chase & Co. now owns 149,280 shares of the company's stock valued at $8,718,000 after buying an additional 141,107 shares in the last quarter. Prudential Financial Inc. purchased a new stake in shares of Metropolitan Bank in the 4th quarter valued at approximately $960,000. Vanguard Group Inc. grew its holdings in shares of Metropolitan Bank by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 645,360 shares of the company's stock valued at $37,689,000 after buying an additional 10,545 shares in the last quarter. LPL Financial LLC acquired a new position in shares of Metropolitan Bank in the 4th quarter valued at about $956,000. Finally, KLP Kapitalforvaltning AS acquired a new position in Metropolitan Bank in the 4th quarter valued at approximately $128,000. 79.83% of the stock is currently owned by institutional investors and hedge funds.

Metropolitan Bank Price Performance

Shares of NYSE MCB traded up $0.24 during mid-day trading on Thursday, hitting $53.64. 19,028 shares of the stock were exchanged, compared to its average volume of 91,798. The stock's fifty day simple moving average is $56.15 and its two-hundred day simple moving average is $58.92. Metropolitan Bank Holding Corp. has a twelve month low of $32.46 and a twelve month high of $69.56. The company has a market cap of $602.08 million, a P/E ratio of 9.10 and a beta of 0.95. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.00 and a current ratio of 1.00.

Metropolitan Bank (NYSE:MCB - Get Free Report) last issued its quarterly earnings results on Thursday, January 23rd. The company reported $1.88 earnings per share for the quarter, beating analysts' consensus estimates of $1.49 by $0.39. Metropolitan Bank had a net margin of 13.55% and a return on equity of 10.89%. As a group, analysts forecast that Metropolitan Bank Holding Corp. will post 7.31 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Hovde Group upped their price target on shares of Metropolitan Bank from $75.00 to $83.50 and gave the stock an "outperform" rating in a research note on Monday, January 27th.

Insider Transactions at Metropolitan Bank

In related news, CEO Mark R. Defazio sold 15,088 shares of the firm's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $54.78, for a total value of $826,520.64. Following the completion of the transaction, the chief executive officer now directly owns 100,628 shares of the company's stock, valued at approximately $5,512,401.84. This trade represents a 13.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dale C. Fredston sold 1,000 shares of the firm's stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $62.27, for a total transaction of $62,270.00. Following the completion of the sale, the director now owns 17,668 shares of the company's stock, valued at $1,100,186.36. This trade represents a 5.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,088 shares of company stock valued at $1,161,791 over the last three months. 6.50% of the stock is currently owned by corporate insiders.

About Metropolitan Bank

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.