Metropolitan bank director Fredston sells $178,180 in stock By Investing.com

Dale C. Fredston, a director at Metropolitan Bank Holding Corp. (), sold 2,000 shares of the company’s common stock on September 17, 2026. The shares were sold at a price of $89.09 per share, totaling $178,180. The stock currently trades at $89.19 with a market cap of $1.1 billion and a P/E ratio of 11.3. According to InvestingPro analysis, the stock appears overvalued relative to its Fair Value—placing it among stocks on the Most Overvalued list.

Following this transaction, Mr. Fredston directly holds 14,668 shares of Metropolitan Bank Holding Corp. common stock. This total includes restricted stock units that are scheduled to vest 100% on January 23, 2027. Analysts maintain a bullish outlook with price targets ranging from $100 to $110, suggesting potential upside of 21%. For deeper insights, MCB is one of 1,400+ US equities covered by comprehensive Pro Research Reports, which transform complex data into actionable intelligence for investors.

In other recent news, Metropolitan Commercial Bank reported its second-quarter 2026 earnings, revealing a profit of $1.54 per share on revenue of $93.01 million. These results fell short of Wall Street’s expectations, which had projected earnings of $2.31 per share and revenue of $93.39 million. Despite solid loan growth and an increase in net interest income, the bank’s earnings were impacted by isolated legacy credit items and higher expenses. The bank noted a strong loan growth of $282 million in the linked quarter and $518 million year-to-date. Net interest income rose by 5.3% sequentially, and the management expects full-year growth to reach at least 20%. The bank’s net interest margin remained steady at 4.08%, with expectations for improvement in the latter half of the year. Expenses were driven up by legal accruals, compensation costs, and one-time professional fees. Metropolitan Commercial Bank continues to focus on expanding loans, deposits, and fee-related initiatives, alongside investments in technology and branch growth.

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