MetroCity Bankshares
MCBS
Market cap $804M

31.75 USD

-0.66

2.04%

At close Oct 18, 4:00 PM EDT

1 day

-2.04%

5 days

5.31%

1 month

1.76%

3 months

10.55%

6 months

40.18%

Year to date

30.55%

1 year

58.51%

5 years

136.41%

About: MetroCity Bankshares Inc is a holding company of its subsidiary Metro City Bank. It provides commercial banking services such as consumer and commercial checking accounts, savings accounts, certificates of deposits, commercial and consumer loans, money transfers and a variety of other banking services. The banks generate revenue from interest income. Its customers include small business owners, professionals, consumers, and real estate developers.

Employees: 220

Financials State Commercial Banks

0

Funds holding %

of 6,740 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

120% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 5

39% more repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 18

10% more funds holding

Funds holding: 61 [Q1] → 67 (+6) [Q2]

7% more capital invested

Capital invested by funds: $133M [Q1] → $142M (+$9.07M) [Q2]

5% more call options, than puts

Call options by funds: $58K | Put options by funds: $55K

0.22% more ownership

Funds ownership: 21.2% [Q1] → 21.41% (+0.22%) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]

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Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

Low target

$32

1%

upside

Avg. target

$32

1%

upside

High target

$32

1%

upside

1 analyst rating

0 positive

0%

1 neutral

100%

0 negative

0%

Keefe, Bruyette & Woods

Kelly Motta

80% 1-year accuracy

12 / 15 met price target

1%upside

$32

Market Perform

Reiterated

23 Jul 2024

See Analyst Rankings

Financial journalist opinion

METROCITY BANKSHARES, INC. REPORTS EARNINGS FOR THIRD QUARTER 2024

ATLANTA , Oct. 18, 2024 /PRNewswire/ -- MetroCity Bankshares, Inc. ("MetroCity" or the "Company") (NASDAQ: MCBS), holding company for Metro City Bank (the "Bank"), today reported net income of $16.7 million, or $0.65 per diluted share, for the third quarter of 2024, compared to $16.9 million, or $0.66 per diluted share, for the second quarter of 2024, and $11.4 million, or $0.45 per diluted share, for the third quarter of 2023. For the nine months ended September 30, 2024, the Company reported net income of $48.3 million, or $1.89 per diluted share, compared to $40.3 million, or $1.58 per diluted share, for the same period in 2023.

METROCITY BANKSHARES, INC. REPORTS EARNINGS FOR THIRD QUARTER 2024

MetroCity Bankshares, Inc. Declares Quarterly Cash Dividend and Announces the Continuation of its Share Repurchase Program

ATLANTA , Oct. 16, 2024 /PRNewswire/ -- MetroCity Bankshares, Inc. (the "Company") (NASDAQ: MCBS) announced today that its board of directors declared a quarterly cash dividend of $0.23 per share on its common stock. The cash dividend is payable on November 8, 2024 to shareholders of record as of October 30, 2024.

MetroCity Bankshares, Inc. Declares Quarterly Cash Dividend and Announces the Continuation of its Share Repurchase Program

MetroCity Bankshares: Strong Fundamentals And Favorable Macro Outlook Drive Bullish Outlook

Anticipated Fed rate cuts in 2H 2024 are expected to boost MCBS' mortgage loan origination. MCBS shows strong financial performance, with consistent growth in interest income and near all-time high revenues. The company outperforms peers in key metrics like price return and net income margin.

MetroCity Bankshares: Strong Fundamentals And Favorable Macro Outlook Drive Bullish Outlook

METROCITY BANKSHARES, INC. REPORTS EARNINGS FOR SECOND QUARTER 2024

ATLANTA, July 19, 2024 /PRNewswire/ -- MetroCity Bankshares, Inc. ("MetroCity" or the "Company") (NASDAQ: MCBS), holding company for Metro City Bank (the "Bank"), today reported net income of $16.9 million, or $0.66 per diluted share, for the second quarter of 2024, compared to $14.6 million, or $0.57 per diluted share, for the first quarter of 2024, and $13.1 million, or $0.51 per diluted share, for the second quarter of 2023. For the six months ended June 30, 2024, the Company reported net income of $31.6 million, or $1.24 per diluted share, compared to $28.8 million, or $1.13 per diluted share, for the same period in 2023.

METROCITY BANKSHARES, INC. REPORTS EARNINGS FOR SECOND QUARTER 2024

MetroCity Bankshares, Inc. Declares Quarterly Cash Dividend

ATLANTA , July 17, 2024 /PRNewswire/ -- MetroCity Bankshares, Inc. (NASDAQ: MCBS) announced today that its board of directors declared a quarterly cash dividend of $0.20 per share on its common stock. The cash dividend is payable on August 9, 2024 to shareholders of record as of July 31, 2024.

MetroCity Bankshares, Inc. Declares Quarterly Cash Dividend

METROCITY BANKSHARES, INC. REPORTS EARNINGS FOR FIRST QUARTER 2024

ATLANTA , April 19, 2024 /PRNewswire/ -- MetroCity Bankshares, Inc. ("MetroCity" or the "Company") (NASDAQ: MCBS), holding company for Metro City Bank (the "Bank"), today reported net income of $14.6 million, or $0.57 per diluted share, for the first quarter of 2024, compared to $11.3 million, or $0.44 per diluted share, for the fourth quarter of 2023, and $15.7 million, or $0.62 per diluted share, for the first quarter of 2023. First Quarter 2024 Highlights: Annualized return on average assets was 1.65%, compared to 1.29% for the fourth quarter of 2023 and 1.87% for the first quarter of 2023.

METROCITY BANKSHARES, INC. REPORTS EARNINGS FOR FIRST QUARTER 2024

MetroCity Bankshares, Inc. Declares Quarterly Cash Dividend

ATLANTA , April 17, 2024 /PRNewswire/ -- MetroCity Bankshares, Inc. (NASDAQ: MCBS) announced today that its board of directors declared a quarterly cash dividend of $0.20 per share on its common stock. The cash dividend is payable on May 10, 2024 to shareholders of record as of May 1, 2024.

MetroCity Bankshares, Inc. Declares Quarterly Cash Dividend

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

ATLANTA , Jan. 23, 2024 /PRNewswire/ -- MetroCity Bankshares, Inc. ("MetroCity" or the "Company") (NASDAQ: MCBS), holding company for Metro City Bank (the "Bank"), today reported net income of $11.3 million, or $0.44 per diluted share, for the fourth quarter of 2023, compared to $11.4 million, or $0.45 per diluted share, for the third quarter of 2023, and $10.2 million, or $0.40 per diluted share, for the fourth quarter of 2022. For the year ended December 31, 2023, the Company reported net income of $51.6 million, or $2.02 per diluted share, compared to $62.6 million, or $2.44 per diluted share, for the year ended December 31, 2022.

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

MetroCity Bankshares, Inc. Declares Quarterly Cash Dividend

ATLANTA , Jan. 17, 2024 /PRNewswire/ -- MetroCity Bankshares, Inc. (NASDAQ: MCBS) announced today that its board of directors declared a quarterly cash dividend of $0.20 per share on its common stock. The cash dividend is payable on February 9, 2024 to shareholders of record as of January 31, 2024.

MetroCity Bankshares, Inc. Declares Quarterly Cash Dividend

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