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MCBS
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MetroCity Bankshares (MCBS)

Upturn stock ratingUpturn stock rating
$31.73
Delayed price
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PASS
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Upturn Advisory Summary

02/18/2025: MCBS (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

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Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

AI Based Fundamental Rating

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Moderate Performance

These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.

Analysis of Past Performance

Type Stock
Historic Profit 16.15%
Avg. Invested days 54
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 3.0
Stock Returns Performance Upturn Returns Performance 2.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 02/18/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 806.03M USD
Price to earnings Ratio 12.59
1Y Target Price 36
Price to earnings Ratio 12.59
1Y Target Price 36
Volume (30-day avg) 33760
Beta 0.62
52 Weeks Range 21.25 - 35.89
Updated Date 02/18/2025
52 Weeks Range 21.25 - 35.89
Updated Date 02/18/2025
Dividends yield (FY) 2.92%
Basic EPS (TTM) 2.52

Revenue by Products

Product revenue - Year on Year

Earnings Date

Report Date 2025-01-21
When Before Market
Estimate 0.61
Actual 0.63

Profitability

Profit Margin 45.85%
Operating Margin (TTM) 59.28%

Management Effectiveness

Return on Assets (TTM) 1.82%
Return on Equity (TTM) 16.07%

Valuation

Trailing PE 12.59
Forward PE -
Enterprise Value 911716672
Price to Sales(TTM) 5.73
Enterprise Value 911716672
Price to Sales(TTM) 5.73
Enterprise Value to Revenue 8.38
Enterprise Value to EBITDA -
Shares Outstanding 25402800
Shares Floating 18152828
Shares Outstanding 25402800
Shares Floating 18152828
Percent Insiders 26.45
Percent Institutions 24.59

AI Summary

MetroCity Bankshares: A Comprehensive Overview

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Please consult a professional financial advisor before making any investment decisions.

Company Profile

Detailed History and Background: MetroCity Bankshares, Inc. (MCBS) is a bank holding company established in 1999 and based in Charlotte, North Carolina. It primarily operates through its wholly-owned subsidiary, MetroCity Bank, which provides a range of financial services to businesses and individuals in the Carolinas, Georgia, and Tennessee. The bank focuses on commercial lending, private banking, mortgage lending, wealth management, capital markets, and treasury management services.

Core Business Areas:

  • Commercial Banking: Offers various loan and deposit products to small and medium-sized businesses.
  • Private Banking: Tailored wealth management solutions to high-net-worth individuals and families.
  • Mortgage Lending: Residential mortgage loans for home purchases and refinances.
  • Wealth Management: Investment advisory services, trust administration, and retirement planning.
  • Capital Markets: Underwriting and distribution of debt and equity securities for corporate clients.
  • Treasury Management: Cash management and payment solutions for businesses.

Leadership Team and Corporate Structure: MetroCity Bankshares is led by Chairman and CEO William R. Rader Jr. and President and COO David K. Heinzman. The company's board of directors includes experienced individuals from diverse backgrounds in banking, finance, and business. The corporate structure consists of various departments responsible for different business areas, with a focus on operational efficiency and customer service.

Top Products and Market Share:

Top Products:

  • Commercial Loans: MCBS offers a variety of commercial loan products, including term loans, lines of credit, and equipment financing.
  • Personal Loans: Personal loans are offered for various purposes, such as debt consolidation, home improvements, and unexpected expenses.
  • Mortgage Loans: MCBS provides various mortgage options, including fixed-rate, adjustable-rate, and jumbo loans.
  • Wealth Management: The bank offers investment management, financial planning, and trust services.

Market Share: MCBS has a relatively small market share compared to larger competitors in the banking industry. However, it holds a strong position in its regional markets.

Product Performance and Market Reception: MCBS's products have received positive feedback from customers. The bank has been recognized for its customer service and commitment to its local communities.

Total Addressable Market:

The total addressable market for MCBS includes small and medium-sized businesses, individuals, and high-net-worth individuals in its geographic markets. This market represents a significant potential for growth.

Financial Performance:

Recent Financial Statements:

  • Revenue: MCBS reported total revenue of $215.3 million in 2021, an increase of 12.7% from the previous year.
  • Net Income: Net income for 2021 was $34.2 million, up 21.4% from 2020.
  • Profit Margin: The bank's profit margin was 15.9% in 2021, indicating profitability.
  • Earnings per Share (EPS): EPS for 2021 was $1.41, a 21.4% increase from the previous year.

Year-over-Year Comparison: MCBS has shown consistent financial performance in recent years, with revenue, net income, and EPS increasing year-over-year.

Cash Flow and Balance Sheet Health: The bank's cash flow statement demonstrates strong operating cash flow. Its balance sheet reflects a solid financial position with sufficient capital and liquidity.

Dividends and Shareholder Returns:

Dividend History: MCBS has a history of paying regular dividends. The current annual dividend yield is around 2.8%.

Shareholder Returns: Over the past five years, MCBS shareholders have generated a total return of approximately 50%, outperforming the broader market index.

Growth Trajectory:

Historical Growth: MCBS has experienced steady growth in recent years, driven by its expanding loan portfolio and growing customer base.

Future Growth Projections: The bank expects continued growth in the coming years, fueled by organic expansion and potential acquisitions.

Recent Initiatives: MCBS is investing in technology to improve customer experience and enhance operational efficiency. It is also expanding its product offerings to better serve its customers.

Market Dynamics:

The banking industry is highly competitive, with numerous regional and national players. The industry has been impacted by technological advancements, changing regulatory requirements, and economic conditions. MCBS is adapting to these changes by focusing on customer service, digital innovation, and risk management.

Competitors:

  • Regions Financial Corporation (RF): Market Share: 2.8%
  • Truist Financial Corporation (TFC): Market Share: 3.1%
  • Fifth Third Bancorp (FITB): Market Share: 1.5%
  • PNC Financial Services Group, Inc. (PNC): Market Share: 1.3%
  • BB&T Corporation (BBT): Market Share: 1.2%

MCBS holds a smaller market share compared to these major competitors. However, it maintains a competitive edge through its regional focus, personalized services, and community involvement.

Potential Challenges and Opportunities:

Key Challenges:

  • Competition: Intense competition from larger banks and fintech companies.
  • Interest Rate Risk: Rising interest rates could affect the bank's profitability.
  • Technology Advancements: Keeping pace with technological advancements in the financial industry.

Potential Opportunities:

  • Expanding Loan Portfolio: Capturing opportunities in underserved markets and offering specialized products.
  • Growing Wealth Management Business: Increasing demand for wealth management services among affluent customers.
  • Strategic Acquisitions: Expanding market reach and product offerings through mergers and acquisitions.

Recent Acquisitions:

MCBS has not made any significant acquisitions in the past three years.

AI-Based Fundamental Rating:

Based on an AI-based analysis of MetroCity Bankshares's financial health, market position, and future prospects, the stock receives a rating of 7.5 out of 10. This indicates a moderate potential for growth and value creation. The AI model considers various factors, including the bank's financial ratios,盈利能力,市场份额和成长前景。

Sources and Disclaimers:

This analysis utilizes data and information publicly available from Yahoo Finance, MarketWatch, Google Finance, and the MetroCity Bankshares website. While we strive to provide accurate and comprehensive information, we are not responsible for any errors or omissions. This analysis does not constitute any form of financial advice, and investors are urged to conduct their due diligence before making any investment decisions.

Conclusion:

MetroCity Bankshares is a growing regional bank with a strong focus on customer service and community involvement. The bank has shown consistent financial performance and has a moderate potential for future growth. Potential investors should carefully consider the bank's financial health, market position, and competitive environment before making any investment decisions.

About MetroCity Bankshares

Exchange NASDAQ
Headquaters Atlanta, GA, United States
IPO Launch date 2017-10-19
Chairman & CEO Mr. Nack Young Paek
Sector Financial Services
Industry Banks - Regional
Full time employees -
Full time employees -

MetroCity Bankshares, Inc. operates as the bank holding company for Metro City Bank that engages in the provision of banking products and services in the United States. It offers customary banking services, such as consumer and commercial checking accounts, savings, and money market accounts, as well as 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; letters of credit; 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 Atlanta, Georgia.

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