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NASDAQ:MCBS

MetroCity Bankshares (MCBS) Stock Price, News & Analysis

$24.69
-0.29 (-1.16%)
(As of 06/25/2024 ET)
Today's Range
$24.69
$25.04
50-Day Range
$22.64
$25.84
52-Week Range
$17.22
$26.23
Volume
8,806 shs
Average Volume
20,727 shs
Market Capitalization
$622.43 million
P/E Ratio
12.53
Dividend Yield
3.24%
Price Target
$28.00

MetroCity Bankshares MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
13.4% Upside
$28.00 Price Target
Short Interest
Healthy
0.82% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-0.94
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
Acquiring Shares
$96,066 Bought Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.56 out of 5 stars

Finance Sector

530th out of 834 stocks

State Commercial Banks Industry

136th out of 174 stocks

MCBS stock logo

About MetroCity Bankshares Stock (NASDAQ:MCBS)

MetroCity Bankshares, Inc. operates as the bank holding company for Metro City Bank that engages in the provision of banking products and services in the United States. It offers customary banking services, such as consumer and commercial checking accounts, savings, and money market accounts, as well as 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; letters of credit; 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 Atlanta, Georgia.

MCBS Stock Price History

MCBS Stock News Headlines

URGENT: Prepare for Biden’s Digital Dollar NOW
Unlock the Secret to Outsmarting Inflation with "The Trump Loophole" That investment? Gold.
KBW Remains a Hold on MetroCity Bankshares (MCBS)
URGENT: Prepare for Biden’s Digital Dollar NOW
Unlock the Secret to Outsmarting Inflation with "The Trump Loophole" That investment? Gold.
MetroCity Bankshares Q3 Profit Declines
MetroCity Bankshares Inc (MCBS) Reports Q3 2023 Earnings
See More Headlines
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Company Calendar

Last Earnings
4/19/2024
Ex-Dividend for 5/10 Dividend
4/30/2024
Dividend Payable
5/10/2024
Today
6/25/2024
Next Earnings (Estimated)
7/19/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
N/A
Current Symbol
NASDAQ:MCBS
Fax
N/A
Employees
220
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$28.00
High Stock Price Target
$28.00
Low Stock Price Target
$28.00
Potential Upside/Downside
+13.4%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$51.61 million
Pretax Margin
32.62%

Debt

Sales & Book Value

Annual Sales
$211.03 million
Cash Flow
$2.15 per share
Book Value
$15.14 per share

Miscellaneous

Free Float
18,277,000
Market Cap
$622.43 million
Optionable
Optionable
Beta
0.60
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MCBS Stock Analysis - 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 year. 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 target for 2024?

1 Wall Street research analysts have issued 1 year price targets for MetroCity Bankshares' shares. Their MCBS share price targets range from $28.00 to $28.00. On average, they anticipate the company's share price to reach $28.00 in the next year. This suggests a possible upside of 13.4% from the stock's current price.
View analysts price targets for MCBS
or view top-rated stocks among Wall Street analysts.

How have MCBS shares performed in 2024?

MetroCity Bankshares' stock was trading at $24.02 at the start of the year. Since then, MCBS stock has increased by 2.8% and is now trading at $24.69.
View the best growth stocks for 2024 here
.

When is MetroCity Bankshares' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, July 19th 2024.
View our MCBS earnings forecast
.

How were MetroCity Bankshares' earnings last quarter?

MetroCity Bankshares, Inc. (NASDAQ:MCBS) released its quarterly earnings results on Friday, April, 19th. The company reported $0.57 earnings per share (EPS) for the quarter. The company earned $32.65 million during the quarter. MetroCity Bankshares had a net margin of 23.26% and a trailing twelve-month return on equity of 13.15%.

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

MetroCity Bankshares announced a quarterly dividend on Wednesday, April 17th. Stockholders of record on Wednesday, May 1st will be given a dividend of $0.20 per share on Friday, May 10th. This represents a $0.80 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend is Tuesday, April 30th.
Read our dividend analysis for MCBS
.

Is MetroCity Bankshares a good dividend stock?

MetroCity Bankshares (NASDAQ:MCBS) pays an annual dividend of $0.80 per share and currently has a dividend yield of 3.23%. The dividend payout ratio is 40.61%. 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?

MetroCity Bankshares (MCBS) raised $28 million in an initial public offering (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 served as the underwriters for the IPO and Hovde Group was co-manager.

Who are MetroCity Bankshares' major shareholders?

MetroCity Bankshares' stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (3.89%), Empowered Funds LLC (0.18%), Cahaba Wealth Management Inc. (0.16%), California State Teachers Retirement System (0.07%), Inspire Investing LLC (0.06%) and Empirical Financial Services LLC d.b.a. Empirical Wealth Management (0.06%). Insiders that own company stock include Ajit A Patel, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:MCBS) was last updated on 6/25/2024 by MarketBeat.com Staff

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