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MCBS

MetroCity Bankshares NasdaqGS:MCBS Stock Report

Last Price

US$19.89

Market Cap

US$506.5m

7D

0.2%

1Y

17.3%

Updated

22 May, 2022

Data

Company Financials +
MCBS fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance5/6
Financial Health6/6
Dividends2/6

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

Summary of all time highs, changes and price drops for MetroCity Bankshares
Historical stock prices
Current Share PriceUS$19.89
52 Week HighUS$29.82
52 Week LowUS$16.40
Beta0.37
1 Month Change-9.63%
3 Month Change-21.38%
1 Year Change17.28%
3 Year Change44.66%
5 Year Change144.80%
Change since IPO231.50%

Recent News & Updates

Shareholder Returns

MCBSUS BanksUS Market
7D0.2%-1.5%-2.7%
1Y17.3%-19.9%-12.9%

Return vs Industry: MCBS exceeded the US Banks industry which returned -19.9% over the past year.

Return vs Market: MCBS exceeded the US Market which returned -12.9% over the past year.

Price Volatility

Is MCBS's price volatile compared to industry and market?
MCBS volatility
MCBS Average Weekly Movement4.5%
Banks Industry Average Movement4.0%
Market Average Movement7.8%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market2.9%

Stable Share Price: MCBS is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: MCBS's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2006217Nack Paekhttps://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

How do MetroCity Bankshares's earnings and revenue compare to its market cap?
MCBS fundamental statistics
Market CapUS$506.50m
Earnings (TTM)US$68.15m
Revenue (TTM)US$140.77m

7.4x

P/E Ratio

1.6x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MCBS income statement (TTM)
RevenueUS$140.77m
Cost of RevenueUS$0
Gross ProfitUS$140.77m
Other ExpensesUS$72.63m
EarningsUS$68.15m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)2.68
Gross Margin100.00%
Net Profit Margin48.41%
Debt/Equity Ratio122.6%

How did MCBS perform over the long term?

See historical performance and comparison

Dividends

3.0%

Current Dividend Yield

19%

Payout Ratio

Valuation

Is MetroCity Bankshares undervalued compared to its fair value and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


46.5%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: MCBS ($19.89) is trading below our estimate of fair value ($37.16)

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 (7.4x) compared to the US Banks industry average (9.7x).

PE vs Market: MCBS is good value based on its PE Ratio (7.4x) compared to the US market (15.2x).


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 (1.6x) compared to the US Banks industry average (1.1x).


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

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-0.4%

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 (-0.4% per year).

Earnings vs Market: MCBS's earnings are forecast to decline over the next 3 years (-0.4% per year).

High Growth Earnings: MCBS's earnings are forecast to decline over the next 3 years.

Revenue vs Market: MCBS's revenue (2.3% per year) is forecast to grow slower than the US market (7.8% per year).

High Growth Revenue: MCBS's revenue (2.3% 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


Past Performance

How has MetroCity Bankshares performed over the past 5 years?

Past Performance Score

5/6

Past 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 20.9%.


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.


Financial Health

How is MetroCity Bankshares's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score

6/6

Financial 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%).


Dividend

What is MetroCity Bankshares's current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


3.02%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: MCBS's dividend (3.02%) is higher than the bottom 25% of dividend payers in the US market (1.58%).

High Dividend: MCBS's dividend (3.02%) is low compared to the top 25% of dividend payers in the US market (4.11%).


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.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

8.3yrs

Average management tenure


CEO

Nack Paek (78 yo)

8.33yrs

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 ($USD1.63M) is below average for companies of similar size in the US market ($USD2.59M).

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 (8.3 years average tenure).


Board Members

Experienced Board: MCBS's board of directors are considered experienced (8.3 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.


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$506.504m
  • 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/22 00:00
End of Day Share Price2022/05/20 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.