207,351 Shares in Metropolitan Bank Holding Corp. (NYSE:MCB) Purchased by Wellington Management Group LLP

Wellington Management Group LLP purchased a new position in Metropolitan Bank Holding Corp. (NYSE:MCB - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 207,351 shares of the company's stock, valued at approximately $12,109,000. Wellington Management Group LLP owned about 1.85% of Metropolitan Bank as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of MCB. Empowered Funds LLC increased its position in Metropolitan Bank by 4.9% in the fourth quarter. Empowered Funds LLC now owns 40,142 shares of the company's stock worth $2,344,000 after purchasing an additional 1,890 shares during the last quarter. Salzhauer Michael increased its position in Metropolitan Bank by 15.5% in the fourth quarter. Salzhauer Michael now owns 41,703 shares of the company's stock worth $2,435,000 after purchasing an additional 5,598 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in Metropolitan Bank in the fourth quarter worth $1,405,000. Charles Schwab Investment Management Inc. increased its position in Metropolitan Bank by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 30,348 shares of the company's stock worth $1,772,000 after purchasing an additional 595 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in Metropolitan Bank by 68.6% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,819 shares of the company's stock worth $807,000 after purchasing an additional 5,624 shares during the last quarter. Institutional investors own 79.83% of the company's stock.

Insider Buying and Selling at Metropolitan Bank

In other news, EVP Scott Lublin sold 5,000 shares of the business's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $54.60, for a total transaction of $273,000.00. Following the completion of the sale, the executive vice president now directly owns 49,988 shares of the company's stock, valued at approximately $2,729,344.80. The trade was a 9.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Norman Scott sold 3,293 shares of the business's stock in a transaction on Friday, April 25th. The shares were sold at an average price of $60.57, for a total transaction of $199,457.01. Following the sale, the senior vice president now directly owns 12,546 shares of the company's stock, valued at $759,911.22. This represents a 20.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,657 shares of company stock worth $1,700,473 over the last quarter. Insiders own 6.09% of the company's stock.

Metropolitan Bank Price Performance

MCB traded up $1.84 during trading hours on Friday, hitting $65.52. The company's stock had a trading volume of 51,316 shares, compared to its average volume of 92,682. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.36. Metropolitan Bank Holding Corp. has a 12 month low of $37.10 and a 12 month high of $69.56. The stock has a market cap of $698.48 million, a price-to-earnings ratio of 11.07 and a beta of 1.11. The business's 50-day moving average price is $60.12 and its 200-day moving average price is $60.44.

Metropolitan Bank (NYSE:MCB - Get Free Report) last posted its quarterly earnings data on Monday, April 21st. The company reported $1.45 earnings per share for the quarter, missing analysts' consensus estimates of $1.61 by ($0.16). Metropolitan Bank had a net margin of 13.55% and a return on equity of 10.89%. The firm had revenue of $70.59 million for the quarter, compared to the consensus estimate of $67.62 million. During the same quarter last year, the firm earned $1.46 EPS. Sell-side analysts expect that Metropolitan Bank Holding Corp. will post 7.31 earnings per share for the current fiscal year.

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.