Metropolitan bank director Fredston sells $178,180 in stock

Dale C. Fredston, a Metropolitan Bank Holding Corp. director, sold 2,000 shares of the company's common stock on September 17, 2026 for a total of $178,180. The shares were sold at $89.09 each. Currently, each share trades at $89.19, with a market cap of $1.1 billion and a P/E ratio of 11.3. Pro analysts suggest the stock is overvalued, placing it on the Most Overvalued list.

Mr. Fredston now holds 14,668 shares, including restricted stock units set to vest completely on January 23, 2027. Analysts anticipate a bullish trend, with price targets between $100 and $110, indicating a potential upside of 21%. Metropolitan Bank Holding Corp. is among 1,400+ US equities examined in Pro Research Reports, which convert intricate data into actionable insights for investors.

Recent news highlights Metropolitan Commercial Bank's Q2 2026 earnings, where the bank reported a profit of $1.54 per share on $93.01 million in revenue, missing Wall Street's expectations of $2.31 per share and $93.39 million in revenue. The bank's earnings were affected by certain legacy credit items and increased expenses. Despite strong loan growth of $282 million, net interest income rose by 5.3%, with management expecting at least 20% growth for the year.

The bank's net interest margin stayed at 4.08%, with expectations for improvement in the second half of the year. Expenses were boosted by legal accruals, compensation costs, and one-time professional fees. The bank remains committed to expanding loans, deposits, and fee-related activities, alongside investments in technology and branch growth. This report was generated with AI assistance and reviewed by an editor.