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Scott Lublin, Executive Vice President and Chief Lending Officer of Metropolitan Bank Holding Corp. (NYSE:MCB), recently sold 5,000 shares of the company’s common stock. The sale, executed on March 17, 2025, was completed at an average price of $54.5955 per share, resulting in a total transaction value of $272,977. Following this sale, Lublin holds 49,988 shares of Metropolitan Bank. The shares were sold in multiple transactions, with prices ranging from $54.490 to $54.677.The transaction occurred as MCB trades at $55.56, with a market capitalization of $624 million and a P/E ratio of 9.38. The stock has demonstrated strong performance, delivering a 53.57% return over the past year. According to InvestingPro analysis, MCB currently appears slightly undervalued, with additional insights available in the comprehensive Pro Research Report, which offers deep-dive analysis of this and 1,400+ other US stocks.
In other recent news, Metropolitan Bank Holding Corp. reported impressive financial results for the fourth quarter of 2024, surpassing Wall Street’s expectations. The bank achieved an earnings per share (EPS) of $1.88, exceeding the forecasted $1.49, and reported revenues of $71 million against a predicted $67.46 million. Additionally, Metropolitan Bank announced a $50 million share repurchase program, reflecting its confidence in long-term growth and financial stability. This buyback initiative, which lacks a set expiration date, was approved by the board of directors and aims to enhance shareholder value.
Keefe, Bruyette & Woods analyst Chris O’Connell maintained an Outperform rating on the bank, citing the potential upside of the buyback program. The firm sees the repurchase as a strategic move that could increase EPS by over 8% based on 2025 earnings estimates. Furthermore, the bank’s recent exit from the Banking as a Service (BaaS) business and its focus on technology integration underscore its strategic initiatives. Metropolitan Bank also projects a net interest margin of 3.7% to 3.75% for 2025, with expectations of loan growth between 9-11%.
The bank’s leadership expressed optimism about future opportunities, highlighting their preparedness to leverage market dislocations. Piper Sandler recognized the bank’s performance by naming it among the Bank Sm-All Stars Class of 2024, further emphasizing its stability and growth potential. These developments indicate a proactive approach by Metropolitan Bank to strengthen its market position and shareholder confidence.
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