Stock Price
P/E Ratio
Volume Traded Today
Dividend
52 Week High/low
Metrocity Bankshares Inc Market Cap
The Metrocity Bankshares Inc (MCBS) share price is expected to increase by 3.57% over the next year. This is based on calculating the average 12-month share price estimate provided by 1 stock analysts who have covered MCBS. Price targets range from $36 at the low end to $36 at the high end. The current analyst consensus for MCBS is a hold. Please note analyst price targets are not guaranteed and could be missed completely.
About 1 Wall Street analysts have assigned MCBS 0 buy ratings, 1 hold ratings, and 0 sell ratings. This means that analysts expect Metrocity Bankshares Inc to generate similar returns as the market. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on MCBS. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.
These are the latest 20 analyst ratings of MCBS.
|
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
|---|---|---|---|---|
| Kelly Motta Keefe, Bruyette & Woods | Market Perform | $36 | Maintains | Dec 4, 2024 |
| Kelly Motta Keefe, Bruyette & Woods | Market Perform | $34 | Maintains | Oct 22, 2024 |
| Kelly Motta Keefe, Bruyette & Woods | Market Perform | $32 | Reiterates | Jul 23, 2024 |
| Kelly Motta Keefe, Bruyette & Woods | Market Perform | $28 | Maintains | Apr 23, 2024 |
| Kelly Motta Keefe, Bruyette & Woods | Market Perform | $23 | Maintains | Jul 26, 2023 |
| Kelly Motta Keefe, Bruyette & Woods | Market Perform | $19 | Maintains | Apr 6, 2023 |
| Donald Worthington Raymond James | Market Perform | Downgrade | Jan 28, 2020 | |
Raymond James | Outperform | Initiates | Oct 28, 2019 | |
Keefe, Bruyette & Woods | Outperform | Initiates | Oct 28, 2019 |
When did it IPO
2019
Staff Count
220
Country
United States
Sector/Industry
Financial Services/Banks - Regional
CEO
Mr. Nack Young Paek
Market Cap
$880.5M
In 2023, MCBS generated $118.0M in revenue, which was a decrease of -12.36% from the previous year. This can be seen as a signal that MCBS's business is declining, and its share price could be worth less in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Fri, 18 Oct 2024
Sentiment - NEUTRAL
Source - PRNewsWire
Summary - MetroCity Bankshares reported Q3 2024 net income of $16.7 million ($0.65 per share), slightly down from Q2 2024 but up from $11.4 million in Q3 2023. Year-to-date income is $48.3 million.
Why It Matters - MetroCity Bank's stable earnings and year-over-year growth signal financial health, potentially boosting investor confidence and affecting stock valuation positively.
Wed, 16 Oct 2024
Sentiment - NEUTRAL
Source - PRNewsWire
Summary - MetroCity Bankshares, Inc. (NASDAQ: MCBS) declared a quarterly cash dividend of $0.23 per share, payable on November 8, 2024, to shareholders on record by October 30, 2024.
Why It Matters - MetroCity Bankshares' dividend declaration signals strong financial health and commitment to returning value to shareholders, potentially attracting more investment and boosting stock price.
Wed, 31 Jul 2024
Sentiment - POSITIVE
Source - Seeking Alpha
Summary - MCBS is projected to benefit from anticipated Fed rate cuts in 2H 2024, showing strong financial performance and outperforming peers in key metrics such as price return and net income margin.
Why It Matters - Anticipated Fed rate cuts may enhance MCBS' mortgage origination, driving growth. Strong financials and superior performance metrics indicate potential for continued investor confidence and stock appreciation.
Wed, 17 Jul 2024
Sentiment - NEUTRAL
Source - PRNewsWire
Summary - MetroCity Bankshares, Inc. (NASDAQ: MCBS) declared a quarterly cash dividend of $0.20 per share, payable on August 9, 2024, to shareholders of record by July 31, 2024.
Why It Matters - MetroCity Bankshares’ dividend declaration signals financial stability and profitability, potentially attracting more investors and positively impacting stock price.
Fri, 19 Jul 2024
Sentiment - NEUTRAL
Source - PRNewsWire
Summary - MetroCity Bankshares reported Q2 2024 net income of $16.9 million ($0.66/share), up from $14.6 million in Q1 2024 and $13.1 million in Q2 2023. H1 2024 net income reached $31.6 million.
Why It Matters - MetroCity Bankshares' rising net income and earnings per share indicate strong financial performance and growth, potentially boosting investor confidence and stock value.
Fri, 19 Apr 2024
Sentiment - NEUTRAL
Source - PRNewsWire
Summary - MetroCity Bankshares reported Q1 2024 net income of $14.6 million ($0.57/share), up from $11.3 million in Q4 2023 but down from $15.7 million in Q1 2023. Return on assets rose to 1.65%.
Why It Matters - MetroCity Bankshares reported a 29% increase in net income quarter-over-quarter, indicating improved profitability. However, year-over-year earnings declined, signaling potential concerns for future growth.
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