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MetroCity Bankshares ( (MCBS) ) has issued an update.
On March 16, 2025, MetroCity Bankshares, Inc. and First IC Corporation entered into a Reorganization Agreement, under which First IC will merge into MetroCity, with MetroCity as the surviving entity. By July 15, 2025, the merger received all necessary regulatory approvals and shareholder consent from First IC, with completion expected early in the fourth quarter of 2025, pending customary closing conditions.
The most recent analyst rating on (MCBS) stock is a Hold with a $34.00 price target. To see the full list of analyst forecasts on MetroCity Bankshares stock, see the MCBS Stock Forecast page.
Spark’s Take on MCBS Stock
According to Spark, TipRanks’ AI Analyst, MCBS is a Outperform.
MetroCity Bankshares has a solid financial foundation with strong profitability and revenue growth, but faces challenges with cash flow and potential revenue volatility. Technical analysis indicates some short-term weakness, while valuation metrics suggest a fair valuation. The recent strategic board appointment adds a positive dimension.
To see Spark’s full report on MCBS stock, click here.
More about MetroCity Bankshares
MetroCity Bankshares, Inc., headquartered in Doraville, Georgia, is the bank holding company for Metro City Bank, operating 20 banking offices across seven states with $3.7 billion in assets as of March 31, 2025. First IC Corporation, also based in Doraville, operates as the bank holding company for First IC Bank, with ten banking locations and two loan production offices, holding $1.2 billion in assets.
Average Trading Volume: 37,934
Technical Sentiment Signal: Strong Buy
Current Market Cap: $739.2M
Learn more about MCBS stock on TipRanks’ Stock Analysis page.