MetroCity Bankshares - MCBS Stock Forecast, Price & News

MetroCity Bankshares' stock was trading at $21.63 on January 1st, 2023. Since then, MCBS shares have decreased by 9.2% and is now trading at $19.63.
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MetroCity Bankshares saw a increase in short interest during the month of January. As of January 15th, there was short interest totaling 300,800 shares, an increase of 5.1% from the December 31st total of 286,100 shares. Based on an average daily volume of 39,900 shares, the days-to-cover ratio is presently 7.5 days. Currently, 1.7% of the shares of the stock are short sold.
View MetroCity Bankshares' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, April 28th 2023.
View our MCBS earnings forecast.

MetroCity Bankshares, Inc. (NASDAQ:MCBS) released its quarterly earnings results on Monday, January, 23rd. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by $0.08. The business had revenue of $45.74 million for the quarter. MetroCity Bankshares had a net margin of 39.41% and a trailing twelve-month return on equity of 20.03%.

MetroCity Bankshares declared a quarterly dividend on Wednesday, January 18th. Stockholders of record on Wednesday, February 1st will be paid a dividend of $0.18 per share on Friday, February 10th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date is Tuesday, January 31st. This is a boost from the stock's previous quarterly dividend of $0.15.
Read our dividend analysis for MCBS.

MetroCity Bankshares (NASDAQ:MCBS) pays an annual dividend of $0.60 per share and currently has a dividend yield of 3.04%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 23.35%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for MCBS.

Based on aggregate information from My MarketBeat watchlists, some companies that other MetroCity Bankshares investors own include Pfizer (PFE), AbbVie (ABBV), Algonquin Power & Utilities (AQN), BCE (BCE), Franklin Resources (BEN), Bank of Nova Scotia (BNS), British American Tobacco (BTI), Carnival Co. & (CCL), Canadian Imperial Bank of Commerce (CM) and Cinemark (CNK).

(MCBS) raised $28 million in an initial public offering on Thursday, October 3rd 2019. The company issued 1,900,000 shares at a price of $14.50-$15.50 per share. Keefe, Bruyette & Woods (A Stifel Company) and Raymond James served as the underwriters for the IPO and Hovde Group was co-manager.

MetroCity Bankshares trades on the NASDAQ under the ticker symbol "MCBS."

Shares of MCBS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MCBS stock can currently be purchased for approximately $19.63.

MetroCity Bankshares (NASDAQ:MCBS) has a market capitalization of $496.82 million and generates $166.42 million in revenue each year. The company earns $61.70 million in net income (profit) each year or $2.57 on an earnings per share basis.

The company employs 216 workers across the globe.

MetroCity Bankshares' mailing address is 5114 BUFORD HIGHWAY, DORAVILLE GA, 30340. The official website for the company is www.metrocitybank.bank. The company can be reached via phone at (770) 455-4989.