MetroCity Bankshares

Company Profile

MetroCity Bankshares had its IPO on 2017-10-19 under the ticker symbol MCBS.

The company operates in the Financial Services sector and Banks-Regional industry. MetroCity Bankshares has a staff strength of 216 employees.

Stock update

Shares of MetroCity Bankshares opened at $19.93 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $19.85 - $20.04, and closed at $19.87.

This is a +0.25% increase from the previous day's closing price.

A total volume of 20,774 shares were traded at the close of the day’s session.

In the last one week, shares of MetroCity Bankshares have increased by +0.15%.

MetroCity Bankshares's Key Ratios

MetroCity Bankshares has a market cap of $501.05 million, indicating a price to book ratio of 1.5873 and a price to sales ratio of 3.6891.

In the last 12-months MetroCity Bankshares’s revenue was $130.36 million with a gross profit of $140.33 million and an EBITDA of $0. The EBITDA ratio measures MetroCity Bankshares's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, MetroCity Bankshares’s operating margin was 64.14% while its return on assets stood at 1.68% with a return of equity of 16.06%.

In Q2, MetroCity Bankshares’s quarterly earnings growth was a negative -19% while revenue growth was a negative 12.9%.

MetroCity Bankshares’s PE and PEG Ratio

Forward PE

0

Trailing PE

8.9279

PEG

Its diluted EPS in the last 12-months stands at $2.22 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of . A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into MetroCity Bankshares’s profitability.

MetroCity Bankshares stock is trading at a EV to sales ratio of 0 and a EV to EBITDA ratio of 0. Its price to sales ratio in the trailing 12-months stood at 3.6891.

MetroCity Bankshares stock pays annual dividends of $0.66 per share, indicating a yield of 3.64% and a payout ratio of 29.87%.

Balance sheet and cash flow metrics

Total Assets

$3.48 billion

Total Liabilities

$3.86 million

Operating Cash Flow

$-8399000.00

Capital Expenditure

$1.47 million

Dividend Payout Ratio

29.87%

MetroCity Bankshares ended 2024 with $3.48 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $3.48 billion while shareholder equity stood at $373.16 million.

MetroCity Bankshares ended 2024 with $0 in deferred long-term liabilities, $3.86 million in other current liabilities, 253000.00 in common stock, $301.75 million in retained earnings and $0 in goodwill. Its cash balance stood at $250.50 million and cash and short-term investments were $269.20 million. The company’s total short-term debt was $0 while long-term debt stood at $325.39 million.

MetroCity Bankshares’s total current assets stands at $283.08 million while long-term investments were $29.05 million and short-term investments were $18.70 million. Its net receivables were $13.88 million compared to accounts payable of $3.86 million and inventory worth $0.

In 2024, MetroCity Bankshares's operating cash flow was $-8399000.00 while its capital expenditure stood at $1.47 million.

Comparatively, MetroCity Bankshares paid $0.30 in dividends in 2024.

Other key metrics

Current Trading Price

$19.87

52-Week High

$23.6482

52-Week Low

$12.9911

Analyst Target Price

$23

MetroCity Bankshares stock is currently trading at $19.87 per share. It touched a 52-week high of $23.6482 and a 52-week low of $23.6482. Analysts tracking the stock have a 12-month average target price of $23.

Its 50-day moving average was $19.95 and 200-day moving average was $18.79 The short ratio stood at 13.74 indicating a short percent outstanding of 0%.

Around 2808% of the company’s stock are held by insiders while 1843.3% are held by institutions.