MetroCity Bankshares
Market Cap
US$258.4m
Last Updated
2020/05/25 10:18 UTC
Data Sources
Company Financials +
Executive Summary
MetroCity Bankshares, Inc. operates as the bank holding company for Metro City Bank that offers banking products and services in Georgia, The United States.
Rewards
Risk Analysis
Earnings are forecast to decline by an average of -22% per year for the next 3 years
Snowflake Analysis
Excellent balance sheet with solid track record.
Similar Companies
Share Price & News
How has MetroCity Bankshares's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MCBS's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
1.5%
MCBS
1.3%
US Banks
1.8%
US Market
1 Year Return
n/a
MCBS
-28.7%
US Banks
3.7%
US Market
Return vs Industry: Insufficient data to determine how MCBS performed against the US Banks industry.
Return vs Market: Insufficient data to determine how MCBS performed against the US Market.
Shareholder returns
| MCBS | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.5% | 1.3% | 1.8% |
| 30 Day | 0.2% | -0.2% | 5.6% |
| 90 Day | -30.9% | -33.9% | -7.4% |
| 1 Year | n/a | -26.3%-28.7% | 6.1%3.7% |
| 3 Year | 36.5%24.6% | -16.8%-23.3% | 28.3%19.8% |
| 5 Year | n/a | 5.7%-6.9% | 52.4%35.1% |
Price Volatility Vs. Market
How volatile is MetroCity Bankshares's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 days ago | Simply Wall St
Here's Why I Think MetroCity Bankshares (NASDAQ:MCBS) Might Deserve Your Attention Today1 month ago | Simply Wall St
There's A Lot To Like About MetroCity Bankshares, Inc.'s (NASDAQ:MCBS) Upcoming US$0.11 Dividend1 month ago | Simply Wall St
Did MetroCity Bankshares, Inc. (NASDAQ:MCBS) Insiders Sell Shares?Valuation
Is MetroCity Bankshares undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MCBS ($10.12) is trading below our estimate of fair value ($45.32)
Significantly Below Fair Value: MCBS is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MCBS is good value based on its PE Ratio (5.5x) compared to the Banks industry average (9.3x).
PE vs Market: MCBS is good value based on its PE Ratio (5.5x) compared to the US market (15.1x).
Price to Earnings Growth Ratio
PEG Ratio: MCBS's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: MCBS is overvalued based on its PB Ratio (1.2x) compared to the US Banks industry average (0.8x).
Next Steps
Future Growth
How is MetroCity Bankshares forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
-22.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MCBS's earnings are forecast to decline over the next 3 years (-22% per year).
Earnings vs Market: MCBS's earnings are forecast to decline over the next 3 years (-22% per year).
High Growth Earnings: MCBS's earnings are forecast to decline over the next 3 years.
Revenue vs Market: MCBS's revenue is expected to decline over the next 3 years (-5.8% per year).
High Growth Revenue: MCBS's revenue is forecast to decline over the next 3 years (-5.8% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if MCBS's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has MetroCity Bankshares performed over the past 5 years?
24.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MCBS has high quality earnings.
Growing Profit Margin: MCBS's current net profit margins (44.5%) are higher than last year (42%).
Past Earnings Growth Analysis
Earnings Trend: MCBS's earnings have grown significantly by 24.4% per year over the past 5 years.
Accelerating Growth: MCBS's earnings growth over the past year (17.3%) is below its 5-year average (24.4% per year).
Earnings vs Industry: MCBS earnings growth over the past year (17.3%) exceeded the Banks industry 2.9%.
Return on Equity
High ROE: MCBS's Return on Equity (20.5%) is considered high.
Next Steps
Financial Health
How is MetroCity Bankshares's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: MCBS's Assets to Equity ratio (7.2x) is low.
Allowance for Bad Loans: MCBS has a low allowance for bad loans (49%).
Low Risk Liabilities: 90% of MCBS's liabilities are made up of primarily low risk sources of funding.
Loan Level: MCBS has an appropriate level of Loans to Assets ratio (78%).
Low Risk Deposits: MCBS's Loans to Deposits ratio (101%) is appropriate.
Level of Bad Loans: MCBS has an appropriate level of bad loans (1.1%).
Next Steps
Dividend
What is MetroCity Bankshares's current dividend yield, its reliability and sustainability?
4.35%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MCBS's dividend (4.35%) is higher than the bottom 25% of dividend payers in the US market (1.75%).
High Dividend: MCBS's dividend (4.35%) is low compared to the top 25% of dividend payers in the US market (4.73%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, MCBS has been paying a dividend for less than 10 years.
Growing Dividend: MCBS's dividend payments have increased, but the company has only paid a dividend for 3 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (23.3%), MCBS's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
6.3yrs
Average management tenure
CEO
Nack Paek (76yo)
6.33yrs
Tenure
US$1,357,078
Compensation
Mr. Nack Young Paek is the Founder of Metro City Bank (“Bank”) in 2006. He is the Chairman of the Board of Directors and the Chief Executive Officer of MetroCity Bankshares Inc., and the Executive Chairman ...
CEO Compensation Analysis
Compensation vs Market: Nack's total compensation ($USD1.36M) is about average for companies of similar size in the US market ($USD1.42M).
Compensation vs Earnings: Nack's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 6.33yrs | US$1.36m | 4.83% $12.5m | |
| President | 6.33yrs | US$1.36m | 2.89% $7.5m | |
| Executive VP | 3.33yrs | US$1.18m | 1.94% $5.0m | |
| Secretary & Director | 6.33yrs | US$48.00k | 0.31% $795.6k | |
| Executive VP | 4.33yrs | no data | 0.0048% $12.3k |
6.3yrs
Average Tenure
70yo
Average Age
Experienced Management: MCBS's management team is seasoned and experienced (6.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 6.33yrs | US$1.36m | 4.83% $12.5m | |
| President | 6.33yrs | US$1.36m | 2.89% $7.5m | |
| Executive VP | 3.33yrs | US$1.18m | 1.94% $5.0m | |
| Secretary & Director | 6.33yrs | US$48.00k | 0.31% $795.6k | |
| Independent Director | 6.33yrs | US$50.05k | 2.1% $5.4m | |
| Independent Director | 6.33yrs | US$52.65k | 4.61% $11.9m | |
| Independent Director | 6.33yrs | US$45.45k | 0.046% $119.6k | |
| Independent Director | 6.33yrs | US$41.25k | 3.21% $8.3m | |
| Independent Director | 6.33yrs | US$44.50k | 2.29% $5.9m | |
| Independent Director | 6.33yrs | US$44.50k | 0.046% $119.6k |
6.3yrs
Average Tenure
61.5yo
Average Age
Experienced Board: MCBS's board of directors are considered experienced (6.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 5.3%.
Top Shareholders
Company Information
MetroCity Bankshares, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: MetroCity Bankshares, Inc.
- Ticker: MCBS
- Exchange: NasdaqGS
- Founded: 2006
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$258.362m
- Shares outstanding: 25.53m
- Website: https://www.metrocitybank.bank
Number of Employees
Location
- MetroCity Bankshares, Inc.
- 5114 Buford Highway
- Doraville
- Georgia
- 30340
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| MCBS | NasdaqGS (Nasdaq Global Select) | Yes | Common Shares | US | USD | Apr 2016 |
Biography
MetroCity Bankshares, Inc. operates as the bank holding company for Metro City Bank that offers banking products and services in Georgia, The United States. It offers consumer and commercial checking accounts, savings accounts, certificates of deposits, money transfers, and other banking services. The company also provides construction and development, commercial real estate, commercial and industrial, residential mortgage, SBA, and other consumer loans; and online banking, treasury management, wire transfer, automated clearing house, and cash management services. It 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 based in Doraville, Georgia.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/05/25 10:18 |
| End of Day Share Price | 2020/05/22 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.