Director Sells Nearly $1M in Company Stock Near 52-Week High
Summary
Director Robert C. Patent sold 10,000 shares of Metropolitan Bank Holding Corp. common stock for $964,077 in an open market transaction, reducing his direct holdings.
Key Events
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Director Sells Shares
Director Robert C. Patent disposed of 10,000 shares of common stock in an open market sale on June 12, 2026.
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Significant Transaction Value
The sale generated $964,077, representing a notable transaction for a director.
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Stock Trading Near 52-Week High
The sale occurred while the company's stock is trading near its 52-week high of $97.84, potentially indicating a move to realize gains.
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Reduced Holdings
Following the transaction, Mr. Patent's direct holdings decreased to 86,185 shares.
Analysis
Director Robert C. Patent sold a substantial amount of company stock, totaling nearly $1 million. This transaction, occurring while the stock is trading near its 52-week high, suggests the director is realizing gains. While not a C-suite executive, a director's sale of this magnitude is a notable event for investors, adding to a recent pattern of insider distribution.
At the time of this filing, MCB was trading at $94.76 on NYSE in the Finance sector, with a market capitalization of approximately $1.2B. The 52-week trading range was $63.81 to $97.84. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.