Metropolitan Bank Holding Corp. (MCB) Shares Soar 1.97% on Strong Q1 Revenue

Metropolitan Bank Holding Corp. (MCB) shares surged 1.97% today, marking the third consecutive day of gains and a cumulative increase of 7.01% over the past three days. The stock price reached its highest level since August 2022, with an intraday gain of 2.57%.

The strategy of buying MCB shares after they reached a recent high and holding for 1 week showed poor performance over the past 5 years. The annualized return was -3.2%, significantly underperforming the market. This indicates that relying on recent highs as a buying trigger and holding for a short duration is not a reliable strategy for MCB or similar stocks.

Metropolitan Bank Holding Corp. (MCB) shares hit a new 52-week high during trading, reaching as high as $75.35. This milestone reflects the company's strong performance and investor confidence in its future prospects.

The company reported revenue between $67.58M and $70.59M for the first quarter of 2025, exceeding estimates by 1.29% and 5.81%, respectively. While the earnings per share (EPS) were slightly below estimates by 0.68%, the overall financial performance remained positive, contributing to the stock's upward trajectory.

An insider selling activity was reported, with a Metropolitan Bank Holding Corp. insider set to sell 1,250 shares, valued at approximately $91.5K, on July 3, 2025, through JP Morgan. This transaction represents just 0.01% of shares outstanding, indicating minimal impact on the stock price. The insider selling activity is a routine occurrence and does not necessarily reflect a negative outlook on the company's prospects.