Streetbeat News

MCBS

MetroCity Bankshares, Inc.

https://www.metrocitybank.bank

Industry

Banks - Regional

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, automated clearing house, and cash management services. It serves small to medium-sized businesses, individuals, businesses, municipalities, and other entities. The company operates 19 full-service branch locations in Alabama, Florida, Georgia, New York, New Jersey, Texas, and Virginia. The company was founded in 2006 and is headquartered in Doraville, Georgia.

Open

34.26

Mkt cap

859M

Volume

33K

High

34.33

P/E Ratio

14.55

52-wk high

35.79

Low

33.47

Div yield

0.03

52-wk low

19.85

MetroCity Bankshares (NASDAQ:MCBS) has announced a quarterly dividend of 20 cents per share, with the ex-dividend date set for Tuesday. Shareholders must own the stock before this date to be eligible for the dividend, which will be paid out on February 09, 2024. The stock is expected to open 20 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

January 25, 2024 | 2:45 pm

MetroCity Bankshares (NASDAQ:MCBS) reported Q4 earnings with an EPS of $0.44, missing estimates by 8.33% against the expected $0.48. Revenue increased by $99 thousand compared to the same period last year. The company's share price dropped by 0.76% the day after missing EPS estimates last quarter.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 2:45 pm

MetroCity Bankshares (NASDAQ:MCBS) reported Q4 earnings of $0.44 per share, missing the consensus estimate of $0.48 by 8.33%. This represents a 15.38% decrease from the $0.52 per share earned in the same quarter last year.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 2:16 pm

Financial stocks, including a broad range of banks and financial services companies, experienced a rise in share prices following the release of October CPI data indicating inflation was softer than expected. This positive reaction reflects overall market strength and optimism that lower inflation could reduce pressure on the Federal Reserve to maintain an aggressive rate hike policy.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 8:30 pm

MetroCity Bankshares (NASDAQ:MCBS) is distributing a dividend of $0.18 per share today, with an annualized yield of 3.54%. The company has shown a positive trend with an increase in dividend per share from $0.40 in 2020 to $0.60 in 2022 and earnings per share growth from $1.46 in 2020 to $2.73 in 2022. This suggests a strong financial health and potential for future dividend increases. Eagle Bancorp (NASDAQ:EGBN) has the highest annualized dividend yield among peers at 8.40%.

Portfolio Pulse from Benzinga Insights

November 10, 2023 | 3:05 pm

MetroCity Bankshares (NASDAQ:MCBS) has announced a quarterly dividend of 18 cents per share. The ex-dividend date is Tuesday, meaning the stock will likely open 18 cents lower to reflect the payout. Shareholders who own MCBS as of the end of Monday's session are eligible to receive the dividend, which will be paid out on November 10, 2023.

Portfolio Pulse from Benzinga Insights

October 26, 2023 | 2:45 pm

MetroCity Bankshares reported Q3 earnings of $0.45 per share, a decrease of 31.82% from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 2:03 pm

MetroCity Bankshares, Inc. (NASDAQ:MCBS) has announced a new share repurchase program, authorizing the company to repurchase up to 1,000,000 shares of its common stock. The program will begin on September 6, 2023, and end on September 30, 2024. The repurchases may be made at management's discretion, subject to market conditions, the trading price of the stock, and the company's financial performance.

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 1:01 pm

MetroCity Bankshares (NASDAQ:MCBS) is distributing a dividend payout of $0.18 per share, demonstrating an annualized dividend yield of 3.67%. The company's dividend per share has shown a positive trend, increasing from $0.40 in 2020 to $0.60 in 2022. Additionally, the company's earnings per share have grown from $1.46 to $2.73 from 2020 to 2022. When compared to its industry peers, MetroCity Bankshares's dividend yield is in the middle, with Washington Trust Bancorp (NASDAQ:WASH) having the highest annualized dividend yield at 7.27%.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 3:05 pm

Keefe, Bruyette & Woods analyst Kelly Motta maintains a 'Market Perform' rating on MetroCity Bankshares (NASDAQ:MCBS) and raises the price target from $19 to $23.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 3:56 pm

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