Have MetroCity Bankshares, Inc. (NASDAQ:MCBS) Insiders Been Selling Their Stock?

We wouldn't blame MetroCity Bankshares, Inc. (NASDAQ:MCBS) shareholders if they were a little worried about the fact that Nack Paek, the Chairman & CEO recently netted about US$609k selling shares at an average price of US$14.35. However, that sale only accounted for 3.2% of their holding, so arguably it doesn't say much about their conviction.

See our latest analysis for MetroCity Bankshares

MetroCity Bankshares Insider Transactions Over The Last Year

In fact, the recent sale by Nack Paek was the biggest sale of MetroCity Bankshares shares made by an insider individual in the last twelve months, according to our records. So we know that an insider sold shares at around the present share price of US$14.21. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).

MetroCity Bankshares insiders didn't buy any shares over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).

Does MetroCity Bankshares Boast High Insider Ownership?

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. We usually like to see fairly high levels of insider ownership. It's great to see that MetroCity Bankshares insiders own 34% of the company, worth about US$124m. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

What Might The Insider Transactions At MetroCity Bankshares Tell Us?

Insiders sold MetroCity Bankshares shares recently, but they didn't buy any. And there weren't any purchases to give us comfort, over the last year. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing MetroCity Bankshares. At Simply Wall St, we found 2 warning signs for MetroCity Bankshares that deserve your attention before buying any shares.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

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This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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