Stock events for MetroCity Bankshares, Inc. (MCBS)
MetroCity Bankshares, Inc. announced a merger agreement with First IC Corporation, expected to be completed in early Q4 2025, after receiving regulatory approvals and shareholder approval. The company reported Q1 and Q2 2025 earnings exceeding analyst estimates and held an annual general meeting on May 22, 2025. Quarterly earnings results met consensus estimates, and a dividend of $0.25 per share was announced. An equity buyback program was extended until September 30, 2026. Weiss Ratings downgraded the company from "buy" to "hold", and the share price declined by 13.41% between October 14, 2024, and October 13, 2025.
Demand Seasonality affecting MetroCity Bankshares, Inc.’s stock price
Specific demand seasonality for MetroCity Bankshares, Inc.'s products and services was not explicitly detailed. Demand for its services may be influenced by general economic conditions, interest rate fluctuations, and regional business cycles rather than distinct seasonal patterns.
Overview of MetroCity Bankshares, Inc.’s business
MetroCity Bankshares, Inc. (MCBS) is a bank holding company operating through its subsidiary, Metro City Bank, offering a range of banking products and services to consumers and businesses, including deposit accounts and various loan types.
MCBS’s Geographic footprint
MetroCity Bankshares, Inc. is headquartered in Doraville, Georgia, and operates 20 full-service banking offices across seven states: Alabama, Florida, Georgia, New Jersey, New York, Texas, and Virginia.
MCBS Corporate Image Assessment
MetroCity Bankshares, Inc. has maintained a positive brand reputation due to its strong financial performance and stability, including net profit margins of 45.5% and consistent annual earnings growth. The company's balance sheet is considered "flawless," and it is viewed as undervalued, positioning it as a stable operator.
Ownership
MetroCity Bankshares, Inc. has a substantial institutional ownership base, with 250 institutional owners and shareholders holding a total of 7,580,658 shares. Major institutional owners include BlackRock, Inc., Vanguard Group Inc, Dimensional Fund Advisors Lp, Geode Capital Management, Llc, American Century Companies Inc, and State Street Corp.
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$25.76
