Snowflake Score | |
---|---|
Valuation | 5/6 |
Future Growth | 0/6 |
Past Performance | 5/6 |
Financial Health | 6/6 |
Dividends | 2/6 |
MCBS Stock Overview
MetroCity Bankshares, Inc. operates as the bank holding company for Metro City Bank that provides banking products and services in the United States.
MetroCity Bankshares Competitors
Price History & Performance
Historical stock prices | |
---|---|
Current Share Price | US$20.52 |
52 Week High | US$29.82 |
52 Week Low | US$17.27 |
Beta | 0.37 |
1 Month Change | 1.13% |
3 Month Change | -11.89% |
1 Year Change | 15.41% |
3 Year Change | 49.24% |
5 Year Change | 145.02% |
Change since IPO | 242.00% |
Recent News & Updates
Shareholder Returns
MCBS | US Banks | US Market | |
---|---|---|---|
7D | -4.3% | -1.9% | -2.5% |
1Y | 15.4% | -18.3% | -21.2% |
Return vs Industry: MCBS exceeded the US Banks industry which returned -20.1% over the past year.
Return vs Market: MCBS exceeded the US Market which returned -21.7% over the past year.
Price Volatility
MCBS volatility | |
---|---|
MCBS Average Weekly Movement | 4.4% |
Banks Industry Average Movement | 3.8% |
Market Average Movement | 8.1% |
10% most volatile stocks in US Market | 16.9% |
10% least volatile stocks in US Market | 3.2% |
Stable Share Price: MCBS is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: MCBS's weekly volatility (4%) has been stable over the past year.
About the Company
Founded | Employees | CEO | Website |
---|---|---|---|
2006 | 217 | Nack Paek | https://www.metrocitybank.bank |
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.
MetroCity Bankshares Fundamentals Summary
MCBS fundamental statistics | |
---|---|
Market Cap | US$522.55m |
Earnings (TTM) | US$68.15m |
Revenue (TTM) | US$140.77m |
7.7x
P/E Ratio1.7x
P/B RatioIs MCBS overvalued?
See Fair Value and valuation analysisEarnings & Revenue
MCBS income statement (TTM) | |
---|---|
Revenue | US$140.77m |
Cost of Revenue | US$0 |
Gross Profit | US$140.77m |
Other Expenses | US$72.63m |
Earnings | US$68.15m |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
n/a
Earnings per share (EPS) | 2.68 |
Gross Margin | 100.00% |
Net Profit Margin | 48.41% |
Debt/Equity Ratio | 122.6% |
How did MCBS perform over the long term?
See historical performance and comparisonDividends
2.9%
Current Dividend Yield19%
Payout RatioValuation
Is MCBS undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
5/6Valuation Score 5/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio
Key Valuation Metric
Which metric is best to use when looking at relative valuation for MCBS?
Other financial metrics that can be useful for relative valuation.
What is MCBS's n/a Ratio? | |
---|---|
n/a Ratio | 0x |
n/a | n/a |
Market Cap | US$522.55m |
Key Statistics | |
---|---|
Enterprise Value/Revenue | n/a |
Enterprise Value/EBITDA | n/a |
PEG Ratio | -14.8x |
Price to Earnings Ratio vs Peers
How does MCBS's PE Ratio compare to its peers?
MCBS PE Ratio vs Peers |
---|
Company | PE | Estimated Growth | Market Cap |
---|---|---|---|
Peer Average | 9.5x | ||
PGC Peapack-Gladstone Financial | 9.2x | 16.9% | US$525.2m |
AROW Arrow Financial | 10.5x | 3.9% | US$517.5m |
THFF First Financial | 9.2x | -4.3% | US$560.5m |
MBWM Mercantile Bank | 9.2x | 7.3% | US$517.3m |
MCBS MetroCity Bankshares | 7.7x | -0.5% | US$522.5m |
Price-To-Earnings vs Peers: MCBS is good value based on its Price-To-Earnings Ratio (7.7x) compared to the peer average (9.5x).
Price to Earnings Ratio vs Industry
How does MCBS's PE Ratio compare vs other companies in the US Banks Industry?
Price-To-Earnings vs Industry: MCBS is good value based on its Price-To-Earnings Ratio (7.7x) compared to the US Banks industry average (9.5x)
Price to Earnings Ratio vs Fair Ratio
What is MCBS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
Fair Ratio | |
---|---|
Current PE Ratio | 7.7x |
Fair PE Ratio | 10.7x |
Price-To-Earnings vs Fair Ratio: MCBS is good value based on its Price-To-Earnings Ratio (7.7x) compared to the estimated Fair Price-To-Earnings Ratio (10.7x).
Share Price vs Fair Value
What is the Fair Price of MCBS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: MCBS ($20.52) is trading below our estimate of fair value ($38.09)
Significantly Below Fair Value: MCBS is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: MCBS's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
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Future Growth
How is MetroCity Bankshares forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Future Growth Score
0/6Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
-0.5%
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 (-0.5% per year).
Earnings vs Market: MCBS's earnings are forecast to decline over the next 3 years (-0.5% per year).
High Growth Earnings: MCBS's earnings are forecast to decline over the next 3 years.
Revenue vs Market: MCBS's revenue (2.1% per year) is forecast to grow slower than the US market (8.2% per year).
High Growth Revenue: MCBS's revenue (2.1% per year) is forecast to grow slower than 20% 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
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Past Performance
How has MetroCity Bankshares performed over the past 5 years?
Past Performance Score
5/6Past Performance Score 5/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
13.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MCBS has high quality earnings.
Growing Profit Margin: MCBS's current net profit margins (48.4%) are higher than last year (42.1%).
Past Earnings Growth Analysis
Earnings Trend: MCBS's earnings have grown by 13.9% per year over the past 5 years.
Accelerating Growth: MCBS's earnings growth over the past year (72.3%) exceeds its 5-year average (13.9% per year).
Earnings vs Industry: MCBS earnings growth over the past year (72.3%) exceeded the Banks industry 20.7%.
Return on Equity
High ROE: Whilst MCBS's Return on Equity (21.95%) is high, this metric is skewed due to their high level of debt.
Discover strong past performing companies
Financial Health
How is MetroCity Bankshares's financial position? (This company is analysed differently as a bank or financial institution)
Financial Health Score
6/6Financial Health Score 6/6
Asset Level
Allowance for Bad Loans
Low Risk Liabilities
Loan Level
Low Risk Deposits
Level of Bad Loans
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: MCBS's Assets to Equity ratio (10.1x) is moderate.
Allowance for Bad Loans: MCBS has a sufficient allowance for bad loans (134%).
Low Risk Liabilities: 84% 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 (79%).
Low Risk Deposits: MCBS's Loans to Deposits ratio (105%) is appropriate.
Level of Bad Loans: MCBS has an appropriate level of bad loans (0.5%).
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Dividend
What is MetroCity Bankshares's current dividend yield, its reliability and sustainability?
Dividend Score
2/6Dividend Score 2/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
2.92%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MCBS's dividend (2.92%) is higher than the bottom 25% of dividend payers in the US market (1.61%).
High Dividend: MCBS's dividend (2.92%) is low compared to the top 25% of dividend payers in the US market (4.3%).
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 5 years.
Current Payout to Shareholders
Earnings Coverage: With its low payout ratio (19.1%), 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 or that it will be covered by earnings.
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Management
How experienced are the management team and are they aligned to shareholders interests?
8.4yrs
Average management tenure
CEO
Nack Paek (79 yo)
8.42yrs
Tenure
US$1,634,896
Compensation
Mr. Nack Young Paek founded Metro City Bank in 2006. Mr. Paek is the Chairman of the Board and the Chief Executive Officer of MetroCity Bankshares, Inc., since 2014. He has been an Executive Chairman and D...
CEO Compensation Analysis
Compensation vs Market: Nack's total compensation ($USD1.63M) is below average for companies of similar size in the US market ($USD2.87M).
Compensation vs Earnings: Nack's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: MCBS's management team is seasoned and experienced (8.4 years average tenure).
Board Members
Experienced Board: MCBS's board of directors are considered experienced (8.4 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.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
MetroCity Bankshares, Inc.'s employee growth, exchange listings and data sources
Key Information
- Name: MetroCity Bankshares, Inc.
- Ticker: MCBS
- Exchange: NasdaqGS
- Founded: 2006
- Industry: Regional Banks
- Sector: Banks
- Implied Market Cap: US$522.547m
- Shares outstanding: 25.47m
- Website: https://www.metrocitybank.bank
Number of Employees
Location
- MetroCity Bankshares, Inc.
- 5114 Buford Highway
- Doraville
- Georgia
- 30340
- United States
Listings
Company Analysis and Financial Data Status
Data | Last Updated (UTC time) |
---|---|
Company Analysis | 2022/07/01 00:00 |
End of Day Share Price | 2022/07/01 00:00 |
Earnings | 2022/03/31 |
Annual Earnings | 2021/12/31 |
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.