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MetroCity Bankshares ( (MCBS) ) has provided an update.
On March 23, 2026, MetroCity Bankshares announced that Executive Vice President and Chief Financial Officer Lucas Stewart had resigned from both the company and its wholly owned subsidiary, Metro City Bank, effective April 3, 2026. On March 24, 2026, the board appointed long-serving president and bank chief executive Farid Tan as interim CFO, principal financial officer and principal accounting officer, leveraging his prior CFO tenure and 40-plus years of banking experience to provide continuity in the finance function during the transition.
Tan’s appointment does not involve any new or amended compensation arrangements, and the company reported no special understandings, family relationships or related-party transactions connected to his designation. The move underscores a reliance on seasoned internal leadership to navigate the interim period, aiming to reassure regulators, investors and customers while the board searches for a permanent finance chief.
The most recent analyst rating on (MCBS) stock is a Hold with a $32.00 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.
The score is driven primarily by solid financial performance (strong growth and profitability, tempered by rising leverage and cash-flow variability) and attractive valuation (low P/E with a healthy dividend yield). Technicals are neutral with limited momentum, while the dividend-related corporate event is supportive but not transformative.
To see Spark’s full report on MCBS stock, click here.
More about MetroCity Bankshares
MetroCity Bankshares, Inc. is a bank holding company that owns Metro City Bank, a community-focused banking institution. The bank operates in the commercial and consumer banking industry, offering traditional banking services with an emphasis on minority and community banking, supported by leadership with decades of experience in domestic and international financial markets.
Average Trading Volume: 88,069
Technical Sentiment Signal: Strong Buy
Current Market Cap: $824.7M
See more insights into MCBS stock on TipRanks’ Stock Analysis page.