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S&P 500   4,337.44
DOW   34,006.88
QQQ   359.61
3 Blue Chip Safe Havens to Shield Your Portfolio
Options Trading Plan–Perfect For Beginners (Ad)
Is Jet Blue's Descent Into Penny Stock Territory an Opportunity?
Are Gene Therapy Stocks The Market's Next Big Winners?
Options Trading Plan–Perfect For Beginners (Ad)
3 Stocks That Flourish In The Fall
2 Must-Have Silicon Companies That Don't Make Microchips
Options Trading Plan–Perfect For Beginners (Ad)
Buy The World’s Largest IT Infrastructure Provider For Under $20
Small Caps That Have Priced In A Hard Landing For Big Upside
S&P 500   4,337.44
DOW   34,006.88
QQQ   359.61
3 Blue Chip Safe Havens to Shield Your Portfolio
Options Trading Plan–Perfect For Beginners (Ad)
Is Jet Blue's Descent Into Penny Stock Territory an Opportunity?
Are Gene Therapy Stocks The Market's Next Big Winners?
Options Trading Plan–Perfect For Beginners (Ad)
3 Stocks That Flourish In The Fall
2 Must-Have Silicon Companies That Don't Make Microchips
Options Trading Plan–Perfect For Beginners (Ad)
Buy The World’s Largest IT Infrastructure Provider For Under $20
Small Caps That Have Priced In A Hard Landing For Big Upside
S&P 500   4,337.44
DOW   34,006.88
QQQ   359.61
3 Blue Chip Safe Havens to Shield Your Portfolio
Options Trading Plan–Perfect For Beginners (Ad)
Is Jet Blue's Descent Into Penny Stock Territory an Opportunity?
Are Gene Therapy Stocks The Market's Next Big Winners?
Options Trading Plan–Perfect For Beginners (Ad)
3 Stocks That Flourish In The Fall
2 Must-Have Silicon Companies That Don't Make Microchips
Options Trading Plan–Perfect For Beginners (Ad)
Buy The World’s Largest IT Infrastructure Provider For Under $20
Small Caps That Have Priced In A Hard Landing For Big Upside
NASDAQ:MCBS

MetroCity Bankshares (MCBS) Stock Forecast, Price & News

$19.67
+0.35 (+1.81%)
(As of 09/25/2023 ET)
Compare
Today's Range
$19.59
$19.75
50-Day Range
$19.21
$22.16
52-Week Range
$13.10
$24.34
Volume
12,382 shs
Average Volume
27,664 shs
Market Capitalization
$497.26 million
P/E Ratio
8.52
Dividend Yield
3.66%
Price Target
$19.00

MetroCity Bankshares MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
3.4% Downside
$19.00 Price Target
Short Interest
Healthy
1.33% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.68
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.81 out of 5 stars

Finance Sector

693rd out of 835 stocks

State Commercial Banks Industry

160th out of 172 stocks


MCBS stock logo

About MetroCity Bankshares (NASDAQ:MCBS) Stock

MetroCity Bankshares, Inc. operates as the bank holding company for Metro City Bank that provides banking products and services in the United States. It offers customary banking services, such as consumer and commercial checking accounts, savings accounts, and certificates of deposit. The company also provides commercial and consumer loans, including single family residential loans; construction and development, and owner and non-owner occupied commercial real estate loans; and commercial and industrial loans, residential mortgage loans, and SBA loans. In addition, it offers online banking services, which include access to account balances, online transfers, online bill payment, and electronic delivery of customer statements; mobile banking solutions, such as remote check deposit with mobile bill pay; and automated teller machines and telephone banking services. Further, it provides debit cards for checking customers, direct deposits, and cashier's checks; treasury management services, including wire transfer, automated clearing house, and stop payments services; and cash management deposit products, such as remote deposit capture, positive pay, zero balance accounts, and sweep accounts. The company was founded in 2006 and is headquartered in Doraville, Georgia.

MCBS Price History

MCBS Stock News Headlines

MetroCity Bankshares (NASDAQ:MCBS) Shares Gap Up to $19.53
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MetroCity Bankshares declares $0.075 dividend
National Bankshares Inc.
Southern BancShares Inc.
Katahdin Bankshares hikes dividend by 10% to $0.152
MetroCity Bankshares: Dividend Insights
See More Headlines
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MCBS Company Calendar

Last Earnings
7/21/2023
Ex-Dividend for 8/11 Dividend
8/02/2023
Dividend Payable
8/11/2023
Today
9/26/2023
Next Earnings (Estimated)
10/20/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:MCBS
Fax
N/A
Employees
216
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$19.00
High Stock Price Forecast
$19.00
Low Stock Price Forecast
$19.00
Forecasted Upside/Downside
-3.4%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$62.60 million
Pretax Margin
43.25%

Debt

Sales & Book Value

Annual Sales
$123.48 million
Cash Flow
$2.79 per share
Book Value
$13.81 per share

Miscellaneous

Free Float
18,381,000
Market Cap
$497.26 million
Optionable
Not Optionable
Beta
0.59
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Key Executives

  • Mr. Nack Young Paek (Age 80)
    Chairman & CEO
    Comp: $1.27M
  • Mr. Farid Tan (Age 65)
    Pres & Director
    Comp: $1.27M
  • Mr. Howard Hwasaeng Kim (Age 66)
    Exec. VP, Chief Lending Officer, COO & Director
    Comp: $1.18M
  • Mr. Sion Nyen Lai (Age 68)
    Sec. & Director
    Comp: $71.2k
  • Mr. Lucas C. Stewart (Age 44)
    Exec. VP, CFO & Assistant Corp. Sec.













MCBS Stock - Frequently Asked Questions

Should I buy or sell MetroCity Bankshares stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MetroCity Bankshares in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" MCBS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MCBS, but not buy additional shares or sell existing shares.
View MCBS analyst ratings
or view top-rated stocks.

What is MetroCity Bankshares' stock price forecast for 2023?

1 analysts have issued 1-year price targets for MetroCity Bankshares' shares. Their MCBS share price forecasts range from $19.00 to $19.00. On average, they anticipate the company's share price to reach $19.00 in the next twelve months. This suggests that the stock has a possible downside of 3.4%.
View analysts price targets for MCBS
or view top-rated stocks among Wall Street analysts.

How have MCBS shares performed in 2023?

MetroCity Bankshares' stock was trading at $21.63 at the beginning of 2023. Since then, MCBS stock has decreased by 9.1% and is now trading at $19.67.
View the best growth stocks for 2023 here
.

When is MetroCity Bankshares' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, October 20th 2023.
View our MCBS earnings forecast
.

How were MetroCity Bankshares' earnings last quarter?

MetroCity Bankshares, Inc. (NASDAQ:MCBS) announced its quarterly earnings data on Friday, July, 21st. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.01. The company earned $52.24 million during the quarter. MetroCity Bankshares had a trailing twelve-month return on equity of 16.54% and a net margin of 30.46%.

How often does MetroCity Bankshares pay dividends? What is the dividend yield for MetroCity Bankshares?

MetroCity Bankshares declared a quarterly dividend on Wednesday, July 19th. Shareholders of record on Thursday, August 3rd will be paid a dividend of $0.18 per share on Friday, August 11th. This represents a $0.72 annualized dividend and a dividend yield of 3.66%. The ex-dividend date of this dividend is Wednesday, August 2nd.
Read our dividend analysis for MCBS
.

Is MetroCity Bankshares a good dividend stock?

MetroCity Bankshares (NASDAQ:MCBS) pays an annual dividend of $0.72 per share and currently has a dividend yield of 3.67%. 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 31.17%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for MCBS.

What other stocks do shareholders of MetroCity Bankshares own?

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).

When did MetroCity Bankshares IPO?

(MCBS) raised $28 million in an IPO 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 acted as the underwriters for the IPO and Hovde Group was co-manager.

What is MetroCity Bankshares' stock symbol?

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

Who are MetroCity Bankshares' major shareholders?

MetroCity Bankshares' stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (5.00%), State Street Corp (1.56%), Geode Capital Management LLC (1.39%), Dimensional Fund Advisors LP (1.08%), The Manufacturers Life Insurance Company (0.93%) and Northern Trust Corp (0.62%). Insiders that own company stock include Ajit A Patel, Don Leung, Farid Tan, Nack Y Paek, Sam Sang-Koo Shim and William J Hungeling.
View institutional ownership trends
.

How do I buy shares of MetroCity Bankshares?

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.
Compare Top Brokerages Here.

What is MetroCity Bankshares' stock price today?

One share of MCBS stock can currently be purchased for approximately $19.67.

How much money does MetroCity Bankshares make?

MetroCity Bankshares (NASDAQ:MCBS) has a market capitalization of $497.26 million and generates $123.48 million in revenue each year. The company earns $62.60 million in net income (profit) each year or $2.31 on an earnings per share basis.

How many employees does MetroCity Bankshares have?

The company employs 216 workers across the globe.

How can I contact MetroCity Bankshares?

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.

This page (NASDAQ:MCBS) was last updated on 9/26/2023 by MarketBeat.com Staff

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