MCBS - Metrocity Bankshares Inc Stock Price, Fair Value and News

24.94USD+0.25 (+1.01%)Market Closed

Market Summary

USD24.94+0.25

Market Closed

1.01%

MCBS Alerts

1 major insider buys recently.

MCBS Stock Price

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MCBS RSI Chart

MCBS Valuation

Market Cap

628.6M

Price/Earnings (Trailing)

12.44

Price/Sales (Trailing)

3.16

EV/EBITDA

2.1

Price/Free Cashflow

7.07

MCBS Price/Sales (Trailing)

MCBS Profitability

EBT Margin

35.56%

Return on Equity

12.74%

Return on Assets

1.39%

Free Cashflow Yield

14.14%

MCBS Fundamentals

MCBS Revenue

Revenue (TTM)

199.2M

Rev. Growth (Yr)

13.91%

Rev. Growth (Qtr)

3.33%

MCBS Earnings

Earnings (TTM)

50.5M

Earnings Growth (Yr)

-6.99%

Earnings Growth (Qtr)

28.94%

Breaking Down MCBS Revenue

Last 7 days

7.4%

Last 30 days

4.1%

Last 90 days

8.3%

Trailing 12 Months

67.3%

How does MCBS drawdown profile look like?

MCBS Financial Health

MCBS Investor Care

Dividend Yield

2.97%

Dividend/Share (TTM)

0.74

Shares Dilution (1Y)

0.25%

Diluted EPS (TTM)

1.97

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	199.2M	0	0	0
2023	161.2M	175.7M	186.1M	192.8M
2022	118.0M	125.2M	134.1M	147.2M
2021	79.7M	86.5M	97.7M	108.7M
2020	83.9M	82.2M	78.4M	77.6M
2019	75.5M	78.0M	80.6M	83.2M
2018	0	0	66.7M	72.9M
2017	0	0	0	60.5M

Get all data in R, Python etc through our Historical Stock Data APIs

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Tracking the Latest Insider Buys and Sells of Metrocity Bankshares Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 29, 2024	shim sam sang-koo	bought	45,410	23.9	1,900	-
Apr 26, 2024	shim sam sang-koo	bought	16,575	23.85	695	-
Nov 14, 2023	paek nack y	sold	-557,279	20.794	-26,800	chief executive officer
Nov 13, 2023	paek nack y	sold	-55,555	20.107	-2,763	chief executive officer
Nov 10, 2023	paek nack y	sold	-109,057	20.222	-5,393	chief executive officer
Nov 09, 2023	paek nack y	sold	-23,932	20.213	-1,184	chief executive officer
Nov 08, 2023	paek nack y	sold	-281,718	20.326	-13,860	chief executive officer
Jun 01, 2023	park young k.	acquired	21,999	16.43	1,339	-
Jun 01, 2023	paek nack y	acquired	1,028,060	16.43	62,572	chief executive officer
Jun 01, 2023	lu feiying	acquired	21,999	16.43	1,339	-

Which funds bought or sold MCBS recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 07, 2024	NEW YORK STATE COMMON RETIREMENT FUND	reduced	-0.18	8,000	231,000	-%
May 07, 2024	Swiss National Bank	unchanged	-	35,121	932,556	-%
May 07, 2024	Empirical Financial Services, LLC d.b.a. Empirical Wealth Management	added	3.47	24,560	351,088	0.01%
May 07, 2024	Inspire Investing, LLC	new	-	361,371	361,371	0.04%
May 07, 2024	Empowered Funds, LLC	added	116	1,235,270	2,226,930	0.02%
May 06, 2024	SG Americas Securities, LLC	reduced	-34.77	-79,000	168,000	-%
May 02, 2024	NISA INVESTMENT ADVISORS, LLC	unchanged	-	8.00	200	-%
May 01, 2024	CONCOURSE FINANCIAL GROUP SECURITIES, INC.	sold off	-	-	-	-%
Apr 30, 2024	Avior Wealth Management, LLC	new	-	99.00	99.00	-%
Apr 25, 2024	Bank of New York Mellon Corp	reduced	-3.76	66.00	3,023,620	-%

Are Funds Buying or Selling MCBS?

Are funds buying MCBS calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own MCBS

No. of Funds

MCBS Alerts

1 major insider buys recently.

Unveiling Metrocity Bankshares Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 02, 2024	blackrock inc.	5.4%	1,361,666	SC 13G
Jan 31, 2024	paek nack y	5.05%	1,273,185	SC 13G
Feb 02, 2023	paek nack y	5.31%	1,337,413	SC 13G
Feb 02, 2022	paek nack y	5.06%	1,288,126	SC 13G
Feb 10, 2021	paek nack y	5.14%	1,320,546	SC 13G

Recent SEC filings of Metrocity Bankshares Inc

View All Filings

Date Filed	Form Type	Document
May 07, 2024	10-Q	Quarterly Report
Apr 30, 2024	4	Insider Trading
Apr 19, 2024	8-K	Current Report
Apr 17, 2024	8-K	Current Report
Apr 12, 2024	DEF 14A	DEF 14A
Mar 12, 2024	8-K	Current Report
Mar 11, 2024	10-K	Annual Report
Feb 02, 2024	SC 13G	Major Ownership Report
Jan 31, 2024	SC 13G	Major Ownership Report

Peers (Alternatives to Metrocity Bankshares Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
JPM	561.8B	174.7B	-2.88%	39.91%	11.16	3.22	53.11%	19.83%
BAC	294.9B	127.4B	1.99%	36.69%	11.78	2.14	56.12%	-12.56%
WFC	213.5B	85.8B	4.95%	56.96%	11.37	2.49	35.02%	26.14%
C	119.7B	125.0B	0.65%	33.74%	14.97	0.96	37.85%	-
CFG	16.4B	10.4B	4.71%	38.12%	11.43	1.57	26.22%	-33.87%
KEY	14.2B	8.1B	-0.80%	54.34%	16.2	1.74	32.15%	-50.93%
MID-CAP
CMA	7.1B	4.2B	1.12%	47.25%	10.28	1.68	34.68%	-45.96%
ZION	6.5B	3.9B	4.13%	80.63%	9.61	1.66	45.91%	-25.03%
ABCB	3.4B	1.3B	5.29%	67.41%	12.73	2.67	43.24%	-22.35%
ASB	3.4B	1.8B	5.37%	45.89%	21.01	1.66	47.11%	-59.32%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
ALRS	399.1M	152.4M	-3.36%	49.04%	40.14	2.62	16.94%	-73.84%
AROW	395.5M	162.6M	0.47%	17.60%	13.15	2.43	25.39%	-38.37%
ACNB	273.7M	96.6M	-5.55%	16.05%	8.64	2.83	11.02%	-11.37%
ASRV	40.3M	60.9M	-4.84%	-16.90%	-12.04	0.66	24.06%	-144.92%

Metrocity Bankshares Inc News

Latest updates

Metrocity Bankshares Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	3.3%	52.00	51.00	49.00	47.00	46.00	44.00	38.00	33.00	32.00	31.00	29.00	26.00	23.00	20.00	18.00	19.00	21.00	21.00	22.00	21.00	20.00
EBITDA Margin	-3.3%	0.88*	0.91*	0.98*	1.12*	1.28*	1.46*	1.64*	1.72*	1.76*	1.74*	1.71*	1.68*	-	-	-	-	-	-	-	-	-
Interest Expenses	3.7%	27.00	26.00	24.00	25.00	26.00	29.00	30.00	30.00	31.00	30.00	28.00	25.00	22.00	18.00	16.00	16.00	16.00	15.00	16.00	15.00	15.00
Income Taxes	21.1%	6.00	5.00	4.00	6.00	6.00	9.00	7.00	6.00	7.00	7.00	5.00	5.00	4.00	3.00	3.00	3.00	4.00	4.00	4.00	4.00	3.00
Earnings Before Taxes	26.6%	20.00	16.00	16.00	19.00	22.00	20.00	24.00	22.00	26.00	24.00	22.00	19.00	17.00	13.00	12.00	11.00	13.00	14.00	17.00	17.00	12.00
EBT Margin	-4.7%	0.36*	0.37*	0.40*	0.48*	0.54*	0.62*	0.71*	0.75*	0.77*	0.76*	0.73*	0.71*	-	-	-	-	-	-	-	-	-
Net Income	28.9%	15.00	11.00	11.00	13.00	16.00	10.00	17.00	16.00	19.00	17.00	17.00	14.00	13.00	9.00	9.00	8.00	10.00	11.00	12.00	13.00	9.00
Net Income Margin	-5.3%	0.25*	0.27*	0.27*	0.32*	0.37*	0.43*	0.52*	0.56*	0.58*	0.57*	0.55*	0.53*	-	-	-	-	-	-	-	-	-
Free Cashflow	490.7%	36.00	-9.24	16.00	46.00	24.00	-9.84	-3.20	51.00	94.00	10.00	4.00	25.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																				(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2018Q4
Assets	4.1%	3,647	3,503	3,511	3,475	3,419	3,427	3,348	3,168	3,142	3,106	2,750	2,518	2,154	1,897	1,740	1,722	1,605	1,632	1,645	1,433
Cash Equivalents	78.7%	259	145	282	263	224	179	180	223	425	441	253	314	174	151	127	216	208	276	275	138
Net PPE	-0.3%	18.00	18.00	17.00	16.00	15.00	14.00	14.00	13.00	13.00	13.00	13.00	14.00	14.00	14.00	14.00	14.00	14.00	14.00	14.00	14.00
Liabilities	4.1%	3,251	3,121	3,126	3,102	3,066	3,078	2,999	2,845	2,832	2,816	2,474	2,254	1,899	1,653	1,503	1,492	1,381	1,415	1,450	1,264
Shareholder's Equity	4.0%	397	382	385	373	353	349	349	323	310	290	276	264	255	245	237	229	224	217	194	169
Retained Earnings	3.0%	325	315	309	302	293	286	279	266	254	239	225	211	199	189	182	175	170	163	155	129
Additional Paid-In Capital	0.9%	46.00	46.00	46.00	46.00	45.00	45.00	49.00	50.00	52.00	52.00	51.00	53.00	56.00	56.00	55.00	55.00	54.00	54.00	40.00	40.00
Shares Outstanding	0%	25.00	25.00	25.00	25.00	25.00	25.00	25.00	25.00	25.00	25.00	25.00	26.00	-	-	-	-	-	-	-	-
Float	-	-	-	-	328	-	-	-	377	-	-	-	332	-	-	-	256	-	-	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	538.0%	36,359	-8,302	17,668	47,200	25,533	-8,913	-2,111	51,302	94,416	10,540	4,434	25,196	25,263	8,885	18,439	7,322	107,912	-79,125	92,999	85,988	-67,663
Share Based Compensation	-100.0%	-	1,474	-	-	298	869	689	-	194	438	378	249	303	864	119	264	288	701	119	119	315
Cashflow From Investing	81.5%	-25,209	-136,053	-12,688	-8,399	46,875	-79,202	-209,644	-256,698	-106,272	-170,112	-296,849	-228,398	-235,192	-134,508	-110,642	-103,362	-129,352	97,857	-71,575	-51,125	6,554
Cashflow From Financing	1348.4%	102,881	7,103	14,350	-138	-27,829	87,877	168,382	3,761	-4,754	347,624	231,771	342,916	233,460	149,780	2,965	104,171	-47,335	-16,867	96,041	9,570	35,332
Dividend Payments	-100.0%	-	4,539	4,608	4,527	4,526	3,797	3,853	3,819	3,821	3,560	3,097	2,568	2,567	2,310	2,359	2,809	2,807	2,778	2,693	2,470	2,426
Buy Backs	-100.0%	-	706	762	-	553	4,307	1,607	2,281	-	-	2,122	3,422	-	-	-	-	-	-	-	1.00	1,484

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MCBS Income Statement

2024-03-31

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Interest and dividend income:
Loans, including fees	$ 50,117	$ 43,982
Other investment income	2,211	1,939
Federal funds sold	30	44
Total interest income	52,358	45,965
Interest expense:
Deposits	22,105	17,376
FHLB advances and other borrowings	3,168	2,356
Total interest expense	25,273	19,732
Net interest income	27,085	26,233
Provision for loan losses	(140)
Net interest income after provision for loan losses	27,225	26,233
Noninterest income:
Gain on sale of residential mortgage loans	222
Mortgage servicing income, net	229	(96)
Gain on sale of SBA loans	1,051	1,969
SBA servicing income, net	1,496	1,814
Other income	511	1,134
Total noninterest income	5,568	6,144
Noninterest expense:
Salaries and employee benefits	7,370	6,366
Occupancy and equipment	1,354	1,214
Data processing	294	275
Advertising	172	146
Other expenses	3,171	2,806
Total noninterest expense	12,361	10,807
Income before provision for income taxes	20,432	21,570
Provision for income taxes	5,801	5,840
Net income	$ 14,631	$ 15,730
Earnings per share:
Basic (in dollars per share)	$ 0.58	$ 0.63
Diluted (in dollars per share)	$ 0.57	$ 0.62
Service charges on deposit account
Noninterest income:
Revenue from contract with customer	$ 447	$ 449
Other service charges, commissions and fees
Noninterest income:
Revenue from contract with customer	$ 1,612	$ 874

MCBS Balance Sheet

2024-03-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Assets:
Cash and due from banks	$ 254,331	$ 142,152
Federal funds sold	4,505	2,653
Cash and cash equivalents	258,836	144,805
Equity securities	10,288	10,335
Securities available for sale	18,057	18,493
Loans held for sale	72,610	22,267
Loans, less allowance for loan losses of $17,982 and $18,112, respectively	3,097,889	3,123,993
Accrued interest receivable	15,686	15,125
Federal Home Loan Bank stock	19,063	17,846
Premises and equipment, net	18,081	18,132
Operating lease right-of-use asset	8,030	8,472
Foreclosed real estate, net	1,452	1,466
SBA and USDA servicing asset, net	7,611	7,251
Mortgage servicing asset, net	937	1,273
Bank owned life insurance	71,492	70,957
Interest rate derivatives	38,682	31,781
Other assets	8,505	10,627
Total assets	3,647,219	3,502,823
Deposits:
Non-interest-bearing demand	546,760	512,045
Interest-bearing	2,267,098	2,218,891
Total deposits	2,813,858	2,730,936
Federal Home Loan Bank advances	350,000	325,000
Operating lease liability	8,189	8,651
Accrued interest payable	3,059	4,133
Other liabilities	75,509	52,586
Total liabilities	3,250,615	3,121,306
Shareholders' Equity:
Preferred stock, $0.01 par value, 10,000,000 shares authorized, no shares issued or outstanding
Common stock, $0.01 par value, 40,000,000 shares authorized, 25,205,506 shares issued and outstanding as of March 31, 2024 and December 31, 2023	252	252
Additional paid-in capital	46,105	45,699
Retained earnings	324,900	315,356
Accumulated other comprehensive income	25,347	20,210
Total shareholders' equity	396,604	381,517
Total liabilities and shareholders' equity	$ 3,647,219	$ 3,502,823

About Metrocity Bankshares Inc

MetroCity Bankshares, Inc. operates as the bank holding company for Metro City Bank that provides banking products and services in the United States. It offers customary banking services, such as consumer and commercial checking accounts, savings accounts, and 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; 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 Doraville, Georgia.

CEO	Mr. Nack Young Paek
WEBSITE	metrocitybank.bank
INDUSTRY	Banks Diversified
EMPLOYEES	216

Metrocity Bankshares Inc Frequently Asked Questions

What is the ticker symbol for Metrocity Bankshares Inc? What does MCBS stand for in stocks?

MCBS is the stock ticker symbol of Metrocity Bankshares Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Metrocity Bankshares Inc (MCBS)?

As of Tue May 07 2024, market cap of Metrocity Bankshares Inc is 622.32 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of MCBS stock?

You can check MCBS's fair value in chart for subscribers.

What is the fair value of MCBS stock?

You can check MCBS's fair value in chart for subscribers. The fair value of Metrocity Bankshares Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Metrocity Bankshares Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for MCBS so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Metrocity Bankshares Inc a good stock to buy?

The fair value guage provides a quick view whether MCBS is over valued or under valued. Whether Metrocity Bankshares Inc is cheap or expensive depends on the assumptions which impact Metrocity Bankshares Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for MCBS.

What is Metrocity Bankshares Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue May 07 2024, MCBS's PE ratio (Price to Earnings) is 12.32 and Price to Sales (PS) ratio is 3.12. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. MCBS PE ratio will change depending on the future growth rate expectations of investors.