How have MCBS shares performed in 2024?

MetroCity Bankshares' stock was trading at $24.02 at the start of the year. Since then, MCBS shares have decreased by 7.2% and is now trading at $22.29. 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, April 19th 2024. View our MCBS earnings forecast .

How were MetroCity Bankshares' earnings last quarter?

MetroCity Bankshares, Inc. (NASDAQ:MCBS) posted its earnings results on Tuesday, January, 23rd. The company reported $0.44 EPS for the quarter, missing analysts' consensus estimates of $0.48 by $0.04. The firm earned $55.38 million during the quarter. MetroCity Bankshares had a net margin of 24.44% and a trailing twelve-month return on equity of 13.83%.

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

MetroCity Bankshares declared a quarterly dividend on Wednesday, April 17th. Shareholders of record on Wednesday, May 1st will be paid a dividend of $0.20 per share on Friday, May 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date 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 3.53%. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 39.60%. 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 $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.

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 .

NASDAQ:MCBS

MetroCity Bankshares (MCBS) Stock Price, News & Analysis

→ This company has increased its dividend every year for 54 years (From DTI) (Ad)

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$22.29

-0.36 (-1.59%)

(As of 09:30 AM ET)

Compare

Today's Range: $22.29
▼
$22.29
50-Day Range: $22.64
▼
$24.96
52-Week Range: $13.10
▼
$26.23

Volume: 4,404 shs
Average Volume: 21,227 shs
Market Capitalization: $561.93 million

P/E Ratio: 11.03
Dividend Yield: 3.59%
Price Target: N/A

Get MetroCity Bankshares alerts:

MetroCity Bankshares MarketRank™ Stock Analysis

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
0.98% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -0.94
Upright™ Environmental Score
News Sentiment: 0.69
Based on 7 Articles This Week
Insider Trading: N/A
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.

2.73 out of 5 stars

Finance Sector

561st out of 847 stocks

State Commercial Banks Industry

141st out of 177 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for MetroCity Bankshares.

4.0

Short Interest

Percentage of Shares Shorted
0.98% of the float of MetroCity Bankshares has been sold short.
Short Interest Ratio / Days to Cover
MetroCity Bankshares has a short interest ratio ("days to cover") of 8.3.
Change versus previous month
Short interest in MetroCity Bankshares has recently decreased by 13.52%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Leadership
MetroCity Bankshares is a leading dividend payer. It pays a dividend yield of 3.53%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
MetroCity Bankshares has only been increasing its dividend for 4 years.
Dividend Coverage
The dividend payout ratio of MetroCity Bankshares is 39.60%. This payout ratio is at a healthy, sustainable level, below 75%.

2.3

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
MetroCity Bankshares has received a 9.28% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Consumer savings accounts", "Consumer transaction accounts", and "Wire transfer services" products. See details.
Environmental Sustainability
The Environmental Impact score for MetroCity Bankshares is -0.94.

3.2

News and Social Media Coverage

News Sentiment
MetroCity Bankshares has a news sentiment score of 0.69. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.58 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 7 news articles for MetroCity Bankshares this week, compared to 0 articles on an average week.
Search Interest
1 people have searched for MCBS on MarketBeat in the last 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, MetroCity Bankshares insiders have not sold or bought any company stock.
Percentage Held by Insiders
27.29% of the stock of MetroCity Bankshares is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 25.33% of the stock of MetroCity Bankshares is held by institutions.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of MetroCity Bankshares is 11.03, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.64.
Price to Earnings Ratio vs. Sector
The P/E ratio of MetroCity Bankshares is 11.03, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 58.04.
Price to Book Value per Share Ratio
MetroCity Bankshares has a P/B Ratio of 1.47. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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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

30 days | 90 days | 365 days | Advanced Chart

MCBS Stock News Headlines

April 19, 2024 | prnewswire.com

METROCITY BANKSHARES, INC. REPORTS EARNINGS FOR FIRST QUARTER 2024

April 18, 2024 | americanbankingnews.com

MetroCity Bankshares (MCBS) Scheduled to Post Quarterly Earnings on Friday

April 19, 2024 | Darwin (Ad)

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April 17, 2024 | prnewswire.com

MetroCity Bankshares, Inc. Declares Quarterly Cash Dividend

March 15, 2024 | finance.yahoo.com

MetroCity Bankshares Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

March 6, 2024 | finance.yahoo.com

Those who invested in MetroCity Bankshares (NASDAQ:MCBS) five years ago are up 102%

January 25, 2024 | finance.yahoo.com

MetroCity Bankshares, Inc. (NASDAQ:MCBS) Looks Interesting, And It's About To Pay A Dividend

January 24, 2024 | finance.yahoo.com

MetroCity Bankshares Inc Reports Mixed Results for Q4 and Full Year 2023

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January 23, 2024 | msn.com

MetroCity Bankshares GAAP EPS of $0.44 misses by $0.01, revenue of $30.83M beats by $2.93M

January 23, 2024 | finance.yahoo.com

METROCITY BANKSHARES, INC. REPORTS EARNINGS FOR FOURTH QUARTER AND YEAR ENDED 2023

January 21, 2024 | finance.yahoo.com

MetroCity Bankshares (NASDAQ:MCBS) Is Increasing Its Dividend To $0.20

January 17, 2024 | msn.com

MetroCity Bankshares increases quarterly dividend by 11.1%

January 13, 2024 | finance.yahoo.com

While insiders own 29% of MetroCity Bankshares, Inc. (NASDAQ:MCBS), retail investors are its largest shareholders with 52% ownership

November 10, 2023 | markets.businessinsider.com

Achieving Growth and Investor Rewards: MetroCity Bankshares Flourishes with Strong Performance and Rising Profits

October 20, 2023 | finanznachrichten.de

MetroCity Bankshares, Inc.: Metrocity Bankshares, Inc. Reports Earnings For Third Quarter 2023

October 20, 2023 | markets.businessinsider.com

MetroCity Bankshares Q3 Profit Declines

October 20, 2023 | finance.yahoo.com

MetroCity Bankshares Inc (MCBS) Reports Q3 2023 Earnings

October 20, 2023 | finance.yahoo.com

METROCITY BANKSHARES, INC. REPORTS EARNINGS FOR THIRD QUARTER 2023

October 18, 2023 | msn.com

MetroCity Bankshares declares $0.18 dividend

September 20, 2023 | finance.yahoo.com

MetroCity Bankshares (NASDAQ:MCBS) shareholders have earned a 19% CAGR over the last three years

September 5, 2023 | finance.yahoo.com

MetroCity Bankshares, Inc. Announces New Share Repurchase Program

August 24, 2023 | finance.yahoo.com

Favourable Signals For MetroCity Bankshares: Numerous Insiders Acquired Stock

August 11, 2023 | markets.businessinsider.com

Elevating Investor Returns: MetroCity Bankshares Delivers Strong Performance and Growing Profits

August 3, 2023 | msn.com

MetroCity Bankshares (MCBS) Price Target Increased by 21.05% to 23.46

July 28, 2023 | finance.yahoo.com

Insiders own 29% of MetroCity Bankshares, Inc. (NASDAQ:MCBS) shares but individual investors control 53% of the company

July 21, 2023 | finance.yahoo.com

METROCITY BANKSHARES, INC. REPORTS EARNINGS FOR SECOND QUARTER 2023

See More Headlines

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Company Calendar

Last Earnings: 1/23/2024
Ex-Dividend for 2/9 Dividend: 1/30/2024
Dividend Payable: 2/09/2024
Today: 4/19/2024
Next Earnings (Estimated): 4/19/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Finance
Industry: State commercial banks
Sub-Industry: N/A
Current Symbol: NASDAQ:MCBS
CUSIP: N/A
CIK: 1747068
Web: www.metrocitybank.bank
Phone: (770) 455-4989
Fax: N/A
Employees: 220
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): $2.02
Trailing P/E Ratio: 11.21
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $51.61 million
Net Margins: 24.44%
Pretax Margin: 34.10%
Return on Equity: 13.83%
Return on Assets: 1.48%

Debt

Debt-to-Equity Ratio: 0.85
Current Ratio: 1.21
Quick Ratio: 1.20

Sales & Book Value

Annual Sales: $211.03 million
Price / Sales: 2.71
Cash Flow: $2.16 per share
Price / Cash Flow: 10.51
Book Value: $15.14 per share
Price / Book: 1.50

Miscellaneous

Outstanding Shares: 25,210,000
Free Float: 18,327,000
Market Cap: $571.01 million
Optionable: Optionable
Beta: 0.57

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Key Executives

Mr. Nack Young Paek (Age 81)
Chairman & CEO
Comp: $1.16M
Mr. Farid Tan (Age 66)
President & Director
Comp: $1.16M
Mr. Howard Hwasaeng Kim (Age 67)
Executive VP, Chief Lending Officer, COO & Director
Comp: $1.08M
Mr. Sion Nyen Lai (Age 69)
Secretary & Director
Comp: $74.48k
Mr. Lucas C. Stewart (Age 45)
Executive VP, CFO & Assistant Corporate Secretary

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

MCBS Stock Analysis - Frequently Asked Questions

How have MCBS shares performed in 2024?: MetroCity Bankshares' stock was trading at $24.02 at the start of the year. Since then, MCBS shares have decreased by 7.2% and is now trading at $22.29.
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, April 19th 2024.
View our MCBS earnings forecast.
How were MetroCity Bankshares' earnings last quarter?: MetroCity Bankshares, Inc. (NASDAQ:MCBS) posted its earnings results on Tuesday, January, 23rd. The company reported $0.44 EPS for the quarter, missing analysts' consensus estimates of $0.48 by $0.04. The firm earned $55.38 million during the quarter. MetroCity Bankshares had a net margin of 24.44% and a trailing twelve-month return on equity of 13.83%.
How often does MetroCity Bankshares pay dividends? What is the dividend yield for MetroCity Bankshares?: MetroCity Bankshares declared a quarterly dividend on Wednesday, April 17th. Shareholders of record on Wednesday, May 1st will be paid a dividend of $0.20 per share on Friday, May 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date 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 3.53%. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 39.60%. 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 $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.
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 4/19/2024 by MarketBeat.com Staff

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