MetroCity Bankshares Inc. (MCBS) PT Raised to $32 at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods analyst Kelly Motta raised the price target on MetroCity Bankshares Inc. (NASDAQ: MCBS) to $32.00 (from $31.00) while maintaining a Market Perform rating.

The analyst commented: "MCBS remains a highly profitable bank with a high-teens ROTCE, strong capital levels after closing the First IC deal in December (CET1 at 15.9% and TCE at 10.1%), and stable credit (NPAs 0.64% of loans/ OREO). As MCBS makes progress with integrating First IC while maintaining their leading profitability, we believe investors may take greater note of the shares, currently trading at 1.7x TBV and 8.4x our 2027E. Raising PT to $32 (from $31) and maintaining MP rating."

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