MetroCity Bankshares Inc chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 5.68
Dividend & Yield0.60$ (2.75%)
Beta 0.41
Market capitalization 549.45M
Operating cash flow 154.15M
ESG Scores unknown

Company description

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. It serves small to medium-sized businesses, individuals, businesses, municipalities, and other entities. The company 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 headquartered in Doraville, Georgia.

Sector: Financial Services - Industry: Banks—Regional

Financial data

Diluted earning per share

Net income vs Operating income

Asset vs Liabilities

Similar Companies
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Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities
Total Cashflows From Investing Activities 109.41M -18.29M -477.86M -930.55M
Net Borrowings -120.78M 58.87M 47.35M 389.98M
Total Cash From Financing Activities 94.17M 124.08M 209.58M 1.16B
Change To Operating Activities 1.72M 11.22M 19.63M -4.2M
Issuance Of Stock 13.91M 13.91M
Net Income 41.33M 44.72M 36.39M 61.7M
Change In Cash 42.59M 137.99M -125.72M 290.65M
Effect Of Exchange Rate
Total Cash From Operating Activities -160.99M 32.2M 142.56M 65.43M
Depreciation 3.06M 6.5M 8.35M 8.53M
Change To Account Receivables
Other Cashflows From Financing Activities 224.25M 63.15M 172.51M 783.13M
Change To Netincome -206.9M -30.1M 83.75M -218k
Capital Expenditures -2.85M -1.1M -537k -384k

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development
Income Before Tax 56M 60.87M 48.76M 82.62M
Net Income 41.33M 44.72M 36.39M 61.7M
Selling General Administrative 29.11M 31.35M 32.23M 36.78M
Gross Profit 94.61M 100.87M 90.5M 130.56M
Ebit
Operating Income 56M 60.87M 49.41M 82.14M
Interest Expense
Income Tax Expense 14.67M 16.15M 12.37M 20.92M
Total Revenue 94.61M 100.87M 90.5M 130.56M
Cost Of Revenue
Total Other Income ExpenseNet -395k -641k 478k
Net Income From Continuing Ops 41.33M 44.72M 36.39M 61.7M
Net Income Applicable To Common Shares 41.33M 44.72M 36.39M 61.7M

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 1.26B 1.42B 1.65B 2.82B
Total Stockholder Equity 168.61M 216.72M 244.83M 290.22M
Other Current Liabilities
Total Assets 1.43B 1.63B 1.9B 3.11B
Common Stock 242k 255k 257k 255k
Other Current Assets 61.82M 90.89M 10.67M 11.05M
Retained Earnings 128.56M 162.62M 188.71M 238.58M
Treasury Stock -104k -1k 195k -168k
Cash 138.43M 276.41M 150.69M 441.34M
Total Current Liabilities 1.25B 1.31B 1.51B 2.26B
Other Stockholder Equity -104k -1k 195k -168k
Property, Plant, and Equipment 14.39M 26.42M 24.2M 22.41M
Total Current Assets 215.28M 382.76M 165.36M 456.52M
Net Tangible Assets 168.61M 216.72M 244.83M 290.22M
Net Receivables
Accounts Payable 1.24B 1.31B 1.48B 2.26B


Insider Transactions

Here are the insider transactions of stock shares related to MetroCity Bankshares Inc:

Filer Name Transaction Text Ownership Date Filer Relation Shares
PAEK NACK YStock Award(Grant) at price 20.31 per share.D2022-06-01Chief Executive Officer49.29k
PATEL AJIT A.Stock Award(Grant) at price 20.31 per share.D2022-06-01Director984
LU FEIYINGStock Award(Grant) at price 20.31 per share.D2022-06-01Director984
LAI FRANCISStock Award(Grant) at price 20.31 per share.D2022-06-01Director984
PARK YOUNG K.Stock Award(Grant) at price 20.31 per share.D2022-06-01Director984
SHIM SAM SANG-KOOStock Award(Grant) at price 20.31 per share.D2022-06-01Director984
LEUNG DON T.P.Stock Award(Grant) at price 20.31 per share.D2022-06-01Director984
TAN FARIDStock Award(Grant) at price 20.31 per share.D2022-06-01President49.29k
KIM HOWARD HWASAENGStock Award(Grant) at price 20.31 per share.D2022-06-01Officer and Director37.35k
RHEE FRANK SStock Award(Grant) at price 20.31 per share.D2022-06-01Director984
HUNGELING WILLIAM JStock Award(Grant) at price 20.31 per share.D2022-06-01Director984
LAI FRANCISStock Gift at price 0.00 per share.D2022-03-23Director424.24k
SHIM SAM SANG-KOOStock Award(Grant) at price 25.71 per share.D2022-02-08Director1.3k
KIM HOWARD HWASAENGStock Gift at price 0.00 per share.I2021-06-25Officer and Director100k
PAEK NACK YStock Award(Grant) at price 17.21 per share.D2021-06-01Chief Executive Officer20.91k
PATEL AJIT A.Stock Award(Grant) at price 17.21 per share.D2021-06-01Director1.16k
LU FEIYINGStock Award(Grant) at price 17.21 per share.D2021-06-01Director1.16k
LAI FRANCISStock Award(Grant) at price 17.21 per share.D2021-06-01Director1.16k
PARK YOUNG K.Stock Award(Grant) at price 17.21 per share.D2021-06-01Director1.16k
SHIM SAM SANG-KOOStock Award(Grant) at price 17.21 per share.D2021-06-01Director1.16k
LEUNG DON T.P.Stock Award(Grant) at price 17.21 per share.D2021-06-01Director1.16k
TAN FARIDStock Award(Grant) at price 17.21 per share.D2021-06-01President20.91k
KIM HOWARD HWASAENGStock Award(Grant) at price 17.21 per share.D2021-06-01Officer and Director15.28k
RHEE FRANK SStock Award(Grant) at price 17.21 per share.D2021-06-01Director1.16k
HUNGELING WILLIAM JStock Award(Grant) at price 17.21 per share.D2021-06-01Director1.16k
LEUNG DON T.P.Sale at price 15.59 - 15.62 per share.D2021-03-09Director25k
LEUNG DON T.P.Sale at price 14.97 - 15.00 per share.D/I2021-03-04Director29.99k
LEUNG DON T.P.Sale at price 14.95 per share.D/I2021-02-25Director8.19k
LEUNG DON T.P.Sale at price 14.85 - 14.86 per share.D/I2021-02-23Director8.43k
LEUNG DON T.P.Sale at price 14.85 per share.D/I2021-02-16Director1.03k
LEUNG DON T.P.Sale at price 14.85 - 14.87 per share.D/I2021-02-11Director18.3k
LEUNG DON T.P.Sale at price 14.86 - 14.88 per share.D/I2021-02-09Director10.42k
TAN FARIDSale at price 14.31 - 14.36 per share.D2020-12-15President40.7k
TAN FARIDSale at price 14.39 per share.D2020-12-08President15.3k
PAEK NACK YSale at price 14.35 - 14.36 per share.D2020-12-07Chief Executive Officer42.4k
PAEK NACK YSale at price 14.36 per share.D2020-12-02Chief Executive Officer15.6k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to MetroCity Bankshares Inc. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on MetroCity Bankshares Inc

Here is the result of two systematic investment strategies applied to MetroCity Bankshares Inc. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on MetroCity Bankshares Inc

The following chart shows the equity curve of the two systematic investment strategies applied to MetroCity Bankshares Inc:

MetroCity Bankshares Inc automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 34.76% on the backtest period.

Performance at glance

Performance

34.76 %

Latent gain

262.9 $

Invested capital

756.3 $

Annualized return

22.28 %
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Momentum strategy results on MetroCity Bankshares Inc

This is the result of two momentum investment strategies applied to MetroCity Bankshares Inc. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on MetroCity Bankshares Inc

The following chart shows all the entries opened by the momentum investment system on MetroCity Bankshares Inc:

MetroCity Bankshares Inc momentum entries
  • The first momentum investment strategy would give 43.81% of return on MetroCity Bankshares Inc. That represents 1203.94$ of latent gain with 2748.06$ of employed capital.
  • The second momentum investment strategy would give 52.54% of return on MetroCity Bankshares Inc. That represents 644.81$ of latent gain with 1227.19$ of employed capital.
Performance at glance (1Q Momentum)

Performance

43.81 %

Latent gain

1203.94 $

Invested capital

2748.06 $

Annualized return

-0.0 %
Performance at glance (2Q Momentum)

Performance

52.54 %

Latent gain

644.81 $

Invested capital

1227.19 $

Annualized return

48.65 %

Momentum equity curve on MetroCity Bankshares Inc

The following chart shows the equity curve of the two momentum strategies applied to MetroCity Bankshares Inc:

MetroCity Bankshares Inc momentum equity

Note: the dividends potentially given by MetroCity Bankshares Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on MetroCity Bankshares Inc

The following chart shows the employed capital evolution of the two momentum strategies on MetroCity Bankshares Inc since the beginning:

MetroCity Bankshares Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on MetroCity Bankshares Inc

Buy the dip entry openings on MetroCity Bankshares Inc

MetroCity Bankshares Inc

The performance achieved by the robo-advisor on MetroCity Bankshares Inc is 0%. That represents 0.0$ of latent gain with 0.0$ of employed capital. The following chart shows MetroCity Bankshares Inc stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of MetroCity Bankshares Inc, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

0 %

Latent gain

0.0 $

Invested capital

0.0 $

Annualized return

-0.0 %

Equity curve of the strategy applied to MetroCity Bankshares Inc

The following chart shows the result of the investment strategy applied to MetroCity Bankshares Inc:

MetroCity Bankshares Inc

Note: the dividends potentially given by MetroCity Bankshares Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on MetroCity Bankshares Inc

The following chart shows the employed capital evolution since the beginning of the investment strategy on MetroCity Bankshares Inc:

MetroCity Bankshares Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on MetroCity Bankshares Inc

In this section, I will compare the three previous investment strategies applied to MetroCity Bankshares Inc.

Equity curve comparison on MetroCity Bankshares Inc

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

MetroCity Bankshares Inc investment strategy comparison

Employed capital comparison on MetroCity Bankshares Inc

MetroCity Bankshares Inc investment comparison

Performance comparison on MetroCity Bankshares Inc

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 34.76% 262.9$ 756.3$ 22.28%
Momentum 1 quarter 43.81% 1203.94$ 2748.06$ 33.19%
Momentum 2 quarters 52.54% 644.81$ 1227.19$ 48.65%
Non-directional 0% 0.0$ 0.0$ -0.0%
Annualized return comparison

Automatic investment

22.28 %

Momentum 1Q

48.65 %

Momentum 2Q

48.65 %

Non-directional

-0.0 %

Correlated stocks

Here are the most positively and negatively correlated stocks with MetroCity Bankshares Inc:

Positive correlations

Most correlated stocks this year

  • MetroCity Bankshares Inc

  • Most correlated stocks last 3 months

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  • MetroCity Bankshares Inc

  • Negative correlation

    Most negatively correlated stocks this year


    Most negatively correlated stocks last 3 months

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  • Note: The algorithm computes the probability of correlation between MetroCity Bankshares Inc and the other stocks. There may be false positives or some missing correlated stocks. If the price of MetroCity Bankshares Inc does not vary for 36 weeks, the correlation calculation result will be wrong.


    Company information

    Company name MetroCity Bankshares Inc
    Country United States
    City Doraville
    Address 5114 Buford Highway
    Phone 770 455 4989
    Website www.metrocitybank.bank
    FullTime employees 216
    Industry Banks—Regional
    Sector Financial Services
    Exchange XNAS
    Ticker MCBS
    Market www.nasdaq.com

    MetroCity Bankshares Inc ESG Scores

    Environment scores

    Environment ESG Factors Scores
    Environment Score 0
    Peer Environment Performance unknown
    Environment Percentile unknown
    Palm Oil unknown
    Nuclear unknown
    Fur Leather unknown
    GMO unknown
    Coal unknown
    Pesticides unknown
    Animal Testing unknown

    Social scores

    Social ESG Factors Scores
    Social Score 0
    Peer Social Performance unknown
    Social Percentile unknown
    Highest Controversy unknown
    Peer Highest Controversy Performance unknown
    Adult unknown
    Gambling unknown
    Alcoholic unknown
    Tobacco unknown
    Catholic unknown
    Controversial Weapons unknown
    Small Arms unknown
    Military Contract unknown
    Peer Count unknown

    Related Controversy:


    Governance scores

    Governance ESG Factors Scores
    Governance Score 0
    Peer Governance Performance unknown
    Governance Percentile unknown

    ESG at glance
    Total ESG Scores: unknown
    Environment Score: 0
    Social Score: 0
    Governance Score: 0

    ESG Performance: unknown

    Peer Group: unknown

    Peer Esg Score Performance: unknown

    Rating Year: unknown

    Rating Month: unknown

    Max Age: unknown

    Percentile: unknown