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Katrina Robinson, a director at Metropolitan Bank Holding Corp. (NYSE:MCB), recently sold 3,563 shares of the company’s common stock. The transaction, which took place on February 20, 2025, was executed at an average price of $60.45 per share, totaling approximately $215,371. The sale comes as MCB, currently valued at $654 million, trades near $58 per share. According to InvestingPro analysis, the stock appears slightly undervalued, with analysts setting price targets between $78 and $85.
Following this sale, Robinson retains ownership of 5,000 shares. It’s important to note that this figure includes restricted stock units set to vest fully on January 27, 2026. The transaction was disclosed in a filing with the Securities and Exchange Commission. The bank maintains a "FAIR" financial health score according to InvestingPro, which offers comprehensive insider trading analysis and 5+ additional key insights about MCB’s financial outlook.
In other recent news, Metropolitan Bank Holding reported a strong performance in Q4 2024, surpassing Wall Street expectations. The company achieved an earnings per share of $1.88, exceeding the forecasted $1.49, and reported revenue of $71 million against a forecast of $67.46 million. This performance highlights the bank’s operational efficiency and strategic initiatives, including a successful exit from its Banking-as-a-Service (BaaS) business. The bank’s net income for the quarter was $21.4 million, with an adjusted return on tangible common equity (ROTCE) of 12.3%. Analysts have noted the company’s strong growth in net interest income and a positive outlook for net interest margins. Looking ahead, Metropolitan Bank projects a net interest margin of 3.7% to 3.75% for 2025, with loan growth expected between 9-11%. The bank is also preparing for a potential 125 basis point rate cut in July. Furthermore, Metropolitan Bank anticipates a core ROTCE of 13% by Q4 2025, with non-interest income expected to exceed $10.5 million in 2024.
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