MetroCity Bankshares, Inc. (MCBS)

Market Cap	767.81M
Revenue (ttm)	135.57M
Net Income (ttm)	59.62M
Shares Out	25.33M
EPS (ttm)	2.33
PE Ratio	13.01
Forward PE	12.03
Dividend	$0.92 (3.07%)
Ex-Dividend Date	Oct 30, 2024

Volume	22,182
Open	29.67
Previous Close	29.48
Day's Range	29.67 - 30.32
52-Week Range	19.85 - 32.87
Beta	0.60
Analysts	Hold
Price Target	34.00 (+12.17%)
Earnings Date	Oct 18, 2024

About 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 comm...

• Industry: Banks - Regional
• Sector: Financials
• IPO Date: Oct 3, 2019
• Employees: 220
• Stock Exchange: NASDAQ
• Ticker Symbol: MCBS
• Website: https://www.metrocitybank.bank

Financial Performance

In 2023, MetroCity Bankshares's revenue was $119.70 million, a decrease of -14.70% compared to the previous year's $140.33 million. Earnings were $51.61 million, a decrease of -17.55%.

Analyst Forecast

According to one analyst, the rating for MCBS stock is "Hold" and the 12-month stock price forecast is $34.0.

Price Target

$34.0

(12.17% upside)

Analyst Consensus: Hold