We'd be surprised if Metropolitan Bank Holding Corp. (NYSE:MCB) shareholders haven't noticed that an insider, Scott Lublin, recently sold US$103k worth of stock at US$98.98 per share. However, the silver lining is that the sale only reduced their total holding by 2.5%, so we're hesitant to read anything much into it, on its own.
Metropolitan Bank Holding Insider Transactions Over The Last Year
In the last twelve months, the biggest single purchase by an insider was when President Mark DeFazio bought US$250k worth of shares at a price of US$75.00 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of US$102. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.
Over the last year, we can see that insiders have bought 5.93k shares worth US$423k. But insiders sold 4.10k shares worth US$360k. In the last twelve months there was more buying than selling by Metropolitan Bank Holding insiders. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Metropolitan Bank Holding is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Metropolitan Bank Holding insiders own about US$53m worth of shares. That equates to 4.7% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Does This Data Suggest About Metropolitan Bank Holding Insiders?
An insider sold stock recently, but they haven't been buying. In contrast, they appear keener if you look at the last twelve months. And insiders do own shares. So we're happy enough to look past some selling. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Metropolitan Bank Holding. You'd be interested to know, that we found 2 warning signs for Metropolitan Bank Holding and we suggest you have a look.
But note: Metropolitan Bank Holding may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.