Metropolitan bank holding corp. EVP & CFO Daniel Dougherty buys $89,980 stock By Investing.com

Daniel F. Dougherty, Executive Vice President and Chief Financial Officer of Metropolitan Bank Holding Corp. (), purchased common stock in the company on July 23, 2026.

Mr. Dougherty acquired 1,000 shares of common stock at a price of $89.98 per share, totaling $89,980. The purchase came as the stock trades at $91.23, following what InvestingPro data identifies as a significant 7.4% decline over the past week. The timing appears strategic, as the company trades at a P/E ratio of 11.67 with a notably low PEG ratio of 0.47, suggesting attractive valuation relative to growth prospects.

Following this transaction, Mr. Dougherty directly holds 33,197 shares of common stock. According to InvestingPro analysis, MCB appears undervalued based on its Fair Value assessment, with additional insights available through 5 more ProTips for subscribers. Additionally, he indirectly owns 571.695 shares through a 401(k) plan. His holdings also include restricted stock units (RSUs) granted on March 1, 2024, March 1, 2025, and March 2, 2026. These RSUs vest at a rate of 33.3% per year, commencing on March 1, 2025, March 1, 2026, and March 2, 2027, respectively.

In other recent news, Metropolitan Commercial Bank reported its second-quarter 2026 earnings, revealing a significant shortfall compared to Wall Street expectations. The bank announced earnings of $1.54 per share, well below the anticipated $2.31 per share, alongside revenue of $93.01 million, which narrowly missed the forecast of $93.39 million. Despite the earnings miss, the bank experienced strong loan growth, with an increase of $282 million from the previous quarter and $518 million year to date. Net interest income rose by 5.3% sequentially, and the bank expects full-year growth to reach at least 20%. However, higher expenses impacted results, attributed to legal accruals, compensation costs, and one-time professional fees. Metropolitan Commercial Bank maintained its net interest margin at 4.08% and anticipates improvement in the latter half of the year. The bank’s core operating trends remained robust, though isolated issues related to legacy assets and strategic investments affected the quarter. The bank continues to focus on expanding loans, deposits, and fee-related initiatives, alongside investments in technology and branch growth.

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