MetroCity Bankshares, Inc. (MCBS)

NASDAQ: MCBS · IEX Real-Time Price · USD
21.83
+0.62 (2.92%)
Aug 15, 2022 4:00 PM EDT - Market closed
2.92%
Market Cap 555.53M
Revenue (ttm) 144.79M
Net Income (ttm) 69.86M
Shares Out 25.45M
EPS (ttm) 2.77
PE Ratio 7.88
Forward PE n/a
Dividend $0.59 (2.70%)
Ex-Dividend Date Aug 2, 2022
Volume 21,569
Open 21.08
Previous Close 21.21
Day's Range 21.08 - 21.94
52-Week Range 18.61 - 29.82
Beta 0.35
Analysts Sell
Price Target 24.23 (+11.0%)
Earnings Date Jul 22, 2022

About MCBS

MetroCity Bankshares, Inc. operates as the bank holding company for Metro City Bank that provides banking products and services in the United States. It provides consumer and commercial checking accounts, savings accounts, certificates of deposits, money transfers, and other banking services. The company also offers construction and development, commercial real estate, commercial and industrial, single family residential mortgage, small business administration, and other consumer loans; and online banking, treasury management, wire transfer, au... [Read more...]

Industry Banks
IPO Date Oct 3, 2019
Employees 216
Stock Exchange NASDAQ
Ticker Symbol MCBS
Full Company Profile

Financial Performance

In 2021, MCBS's revenue was $131.04 million, an increase of 45.82% compared to the previous year's $89.86 million. Earnings were $61.70 million, an increase of 69.54%.

Financial Statements

Analyst Forecast

According to 7 analysts, the average rating for MCBS stock is "Sell." The 12-month stock price forecast is 24.23, which is an increase of 10.99% from the latest price.

Price Target
$24.23
(10.99% upside)
Analyst Consensus: Sell
Stock Forecasts

News

METROCITY BANKSHARES, INC. REPORTS EARNINGS FOR SECOND QUARTER 2022

ATLANTA , July 22, 2022 /PRNewswire/ -- MetroCity Bankshares, Inc. ("MetroCity" or the "Company") (NASDAQ: MCBS), holding company for Metro City Bank (the "Bank"), today reported net income of $16.1 mil...

MetroCity Bankshares, Inc. Declares Quarterly Cash Dividend

ATLANTA , July 20, 2022 /PRNewswire/ -- MetroCity Bankshares, Inc. (NASDAQ: MCBS) announced today that its board of directors declared a quarterly cash dividend of $0.15 per share on its common stock. T...

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METROCITY BANKSHARES, INC. REPORTS EARNINGS FOR FIRST QUARTER 2022

ATLANTA, April 22, 2022 /PRNewswire/ -- MetroCity Bankshares, Inc. ("MetroCity" or the "Company") (NASDAQ: MCBS), holding company for Metro City Bank (the "Bank"), today reported net income of $19.4 mil...

METROCITY BANKSHARES, INC. REPORTS EARNINGS FOR FOURTH QUARTER AND YEAR ENDED 2021

ATLANTA, Jan. 24, 2022 /PRNewswire/ -- MetroCity Bankshares, Inc. ("MetroCity" or the "Company") (NASDAQ: MCBS), holding company for Metro City Bank (the "Bank"), today reported net income of $17.4 mill...

MetroCity (MCBS) Q3 Earnings and Revenues Top Estimates

MetroCity (MCBS) delivered earnings and revenue surprises of 10.00% and 9.97%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

MetroCity Bankshares, Inc. Reports Earnings For Third Quarter 2021

ATLANTA , Oct. 22, 2021 /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 mil...

MetroCity (MCBS) to Report Q3 Results: Wall Street Expects Earnings Growth

MetroCity (MCBS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Is MetroCity (MCBS) Stock a Solid Choice Right Now?

MetroCity (MCBS) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

MetroCity (MCBS) Q2 Earnings and Revenues Surpass Estimates

MetroCity (MCBS) delivered earnings and revenue surprises of 1.82% and 8.15%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

MetroCity Bankshares, Inc. Reports Earnings For Second Quarter 2021

ATLANTA, July 23, 2021 /PRNewswire/ -- MetroCity Bankshares, Inc. ("MetroCity" or the "Company") (NASDAQ: MCBS), holding company for Metro City Bank (the "Bank"), today reported net income of $14.4 mill...

MetroCity (MCBS) Earnings Expected to Grow: Should You Buy?

MetroCity (MCBS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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MetroCity (MCBS) Upgraded to Strong Buy: Here's What You Should Know

MetroCity (MCBS) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

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MetroCity Bankshares, Inc. Announces Share Repurchase Program

ATLANTA, April 23, 2021 /PRNewswire/ -- MetroCity Bankshares, Inc. (the "Company") (NASDAQ: MCBS), the holding company for Metro City Bank, announced today that its board of directors has adopted a shar...

MetroCity (MCBS) Tops Q1 Earnings and Revenue Estimates

MetroCity (MCBS) delivered earnings and revenue surprises of 16.28% and 9.67%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

MetroCity Bankshares, Inc. Reports Earnings For First Quarter 2021

ATLANTA, April 23, 2021 /PRNewswire/ -- MetroCity Bankshares, Inc. ("MetroCity" or the "Company") (NASDAQ: MCBS), holding company for Metro City Bank (the "Bank"), today reported net income of $13.0 mil...

MetroCity (MCBS) to Report Q1 Results: Wall Street Expects Earnings Growth

MetroCity (MCBS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Is MetroCity (MCBS) a Great Value Stock Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest v...

MetroCity Bankshares (MCBS) Sees Hammer Chart Pattern: Time to Buy?

MetroCity Bankshares (MCBS) has been struggling lately, but the selling pressure may be coming to an end soon.