MetroCity BanksharesMCBS
MCBS
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: 240
0
Funds holding %
of 7,296 funds
–
Analysts bullish %
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
0% more funds holding in top 10
Funds holding in top 10: 1 [Q4 2024] → 1 (+0) [Q1 2025]
0.2% less ownership
Funds ownership: 23.8% [Q4 2024] → 23.6% (-0.2%) [Q1 2025]
8% less funds holding
Funds holding: 98 [Q4 2024] → 90 (-8) [Q1 2025]
14% less capital invested
Capital invested by funds: $193M [Q4 2024] → $165M (-$27.4M) [Q1 2025]
29% less repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 35
44% less call options, than puts
Call options by funds: $14K | Put options by funds: $25K
46% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 13
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$34
25%
upside
Avg. target
$34
25%
upside
High target
$34
25%
upside
1 analyst rating
0 positive
0%
1 neutral
100%
0 negative
0%
Keefe, Bruyette & Woods Kelly Motta | 25%upside $34 | Market Perform Maintained | 22 Apr 2025 |
Financial journalist opinion
Neutral
PRNewsWire
1 month ago
METROCITY BANKSHARES, INC. REPORTS EARNINGS FOR FIRST QUARTER 2025
ATLANTA , April 18, 2025 /PRNewswire/ -- MetroCity Bankshares, Inc. ("MetroCity" or the "Company") (NASDAQ: MCBS), holding company for Metro City Bank (the "Bank"), today reported net income of $16.3 million, or $0.63 per diluted share, for the first quarter of 2025, compared to $16.2 million, or $0.63 per diluted share, for the fourth quarter of 2024, and $14.6 million, or $0.57 per diluted share, for the first quarter of 2024. First Quarter 2025 Highlights: Annualized return on average assets was 1.85%, compared to 1.82% for the fourth quarter of 2024 and 1.65% for the first quarter of 2024.
Neutral
PRNewsWire
1 month ago
MetroCity Bankshares, Inc. Declares Quarterly Cash Dividend
ATLANTA , April 16, 2025 /PRNewswire/ -- MetroCity Bankshares, Inc. (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 May 9, 2025 to shareholders of record as of April 30, 2025.
Neutral
PRNewsWire
2 months ago
MetroCity Bankshares and First IC Corporation Announce Strategic Combination
DORAVILLE, Ga. , March 17, 2025 /PRNewswire/ -- MetroCity Bankshares, Inc. (NASDAQ: MCBS) ("MetroCity"), the holding company for Metro City Bank (the "Bank"), and First IC Corporation (OTCEM: FIEB) ("First IC"), the parent company of First IC Bank, both based in Doraville, GA, jointly announced today the signing of a definitive merger agreement for MetroCity to acquire First IC and First IC Bank, in a cash and stock transaction.
Neutral
Seeking Alpha
3 months ago
MetroCity Bankshares: Lackluster Valuation As Well As Earnings Outlook
Stable interest rates will likely keep the net interest margin steady this year. There haven't been any significant improvements in Georgia's housing market lately, so I'm expecting MCBS's residential loan growth to remain low. I'm expecting the EPS to grow by just 3% year-over-year to $2.58 in 2025.
Neutral
PRNewsWire
4 months ago
METROCITY BANKSHARES, INC. REPORTS EARNINGS FOR FOURTH QUARTER AND YEAR ENDED 2024
ATLANTA , Jan. 21, 2025 /PRNewswire/ -- MetroCity Bankshares, Inc. ("MetroCity" or the "Company") (NASDAQ: MCBS), holding company for Metro City Bank (the "Bank"), today reported net income of $16.2 million, or $0.63 per diluted share, for the fourth quarter of 2024, compared to $16.7 million, or $0.65 per diluted share, for the third quarter of 2024, and $11.3 million, or $0.44 per diluted share, for the fourth quarter of 2023. For the year ended December 31, 2024, the Company reported net income of $64.5 million, or $2.52 per diluted share, compared to $51.6 million, or $2.02 per diluted share, for the same period in 2023.
Neutral
PRNewsWire
4 months ago
MetroCity Bankshares, Inc. Declares Quarterly Cash Dividend
ATLANTA , Jan. 15, 2025 /PRNewswire/ -- MetroCity Bankshares, Inc. (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 February 7, 2025 to shareholders of record as of January 29, 2025.
Neutral
PRNewsWire
7 months ago
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.
Neutral
PRNewsWire
7 months ago
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.
Positive
Seeking Alpha
10 months ago
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.
Neutral
PRNewsWire
10 months ago
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.
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