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Metropolitan bank director patent sells $785k in MCB stock

Published 23/07/2025, 00:44
Metropolitan bank director patent sells $785k in MCB stock
MCB
-0.99%

Director Robert C. Patent of Metropolitan Bank Holding Corp (NASDAQ:NYSE:MCB), a $812 million market cap bank trading near its 52-week high of $80.20, sold a total of 5,999 shares of common stock on July 21, 2025, for approximately $785,183. The sales occurred at weighted average prices ranging from $78.285 to $79.1744 per share.

The director also disposed of 69,004 shares of Common Stock on July 18, 2025, and acquired 69,004 shares of Common Stock on July 18, 2025, as a result of distributions from a partnership.

Following these transactions, Patent directly holds 108,685 shares of Metropolitan Bank Holding Corp. common stock, including restricted stock units that vest 100% on January 27, 2026, and indirectly holds 32,882 shares through a sibling relationship and 14,445 by Profit Sharing Plan. The company maintains a GREAT financial health score according to InvestingPro, which offers comprehensive analysis and 8 additional key insights about MCB’s valuation and growth prospects.

In other recent news, Metropolitan Bank has reported impressive financial results for the second quarter of 2025, exceeding analysts’ expectations. The bank’s earnings per share reached $1.76, surpassing the anticipated $1.73. Additionally, revenue came in at $76.27 million, outpacing the forecast of $72.55 million. The strong quarterly performance was highlighted by a $0.25 per share pre-provision net revenue beat and a notable net interest margin expansion of 15 basis points compared to the previous quarter. Following these results, Keefe, Bruyette & Woods raised its price target for Metropolitan Bank to $95 from $81, maintaining an Outperform rating. These developments reflect positively on the bank’s financial health and operational efficiency. The recent upgrades and strong earnings report are significant indicators for investors tracking the bank’s performance.

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