In trading on Wednesday, shares of Metropolitan Bank Holding Corp (Symbol: MCB) touched a new 52-week high of $57.69/share. That's a 91.03% rise, or $27.49 per share from the 52-week low of $30.20 set back on 10/13/2023. That means at today's intraday high, any investor who purchased MCB stock any time over the past 52 weeks has an unrealized gain, including company insiders.
Over the past six months, insiders have been scooping up shares, and those bets are now paying off handsomely. As summarized by the table below, MCB has seen 2 different instances of insiders buying over the trailing six month period.
| Purchased | Insider | Title | Shares | Price/Share | Value |
|---|---|---|---|---|---|
| 06/10/2024 | George J. Wolf Jr. | Director | 1,280 | $39.00 | $49,920.00 |
| 06/11/2024 | Daniel F. Dougherty | EVP and CFO | 1,000 | $39.30 | $39,298.70 |
The chart below shows where MCB has traded over the past year, with the 50-day and 200-day moving averages included.
In afternoon trading on Wednesday, MCB shares are changing hands at $56.16/share, slightly below the new 52-week high.
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