Harvey Gutman, a director at Metropolitan Bank Holding Corp. (NASDAQ:MCB), sold 3,000 shares of the company’s common stock on May 29, 2026, according to a recent SEC Form 4 filing. The transactions totaled $268,746.
The shares were sold at a weighted average price of $89.5822 per share. The sales occurred in multiple transactions with prices ranging from $89.5350 to $89.8150. The stock currently trades at $88.49, down slightly from the transaction price, though shares have delivered a strong 38% return over the past year.
Following these sales, Mr. Gutman directly owns 18,243 shares of Metropolitan Bank Holding Corp. common stock. This total includes restricted stock units that are scheduled to vest on January 23, 2027.According to InvestingPro analysis, MCB appears undervalued at current levels, trading at a P/E ratio of 10.91. An InvestingPro Tip highlights that the stock is trading at a low P/E ratio relative to near-term earnings growth, with 4 additional exclusive tips available to subscribers.
In other recent news, Metropolitan Bank Holding reported impressive financial results for the first quarter of 2026, surpassing earnings expectations. The company achieved an earnings per share of $2.92, which was a 22.69% increase over the anticipated $2.38. Revenue also exceeded estimates, reaching $88.49 million against the forecasted $87.35 million. These results indicate strong performance and have been well-received by investors. Additionally, Metropolitan Commercial Bank has announced its strategic expansion into the Western United States. To lead this effort, the bank appointed Robert Hasler as Senior Vice President and Managing Director of Specialty Deposits. Hasler will focus on growing the bank’s specialty deposit business in the region. These developments highlight the bank’s ongoing growth and expansion efforts.
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