Insider Sell: Farid Tan Sells 5,983 Shares of MetroCity Bankshares Inc (MCBS)

14 hours ago

On November 25, 2024, Farid Tan, President of MetroCity Bankshares Inc, executed a sale of 5,983 shares of the company. Following this transaction, the insider now holds 914,888 shares of MetroCity Bankshares Inc. MetroCity Bankshares Inc (MCBS, Financial) is a financial institution that provides a range of banking services. The company operates primarily in the United States, offering services such as commercial and retail banking, including deposit accounts, loans, and other financial services. The insider transaction history for MetroCity Bankshares Inc indicates a trend of more insider sells than buys over the past year. Specifically, there have been 2 insider buys and 17 insider sells during this period.

As of the date of the transaction, shares of MetroCity Bankshares Inc were trading at $35.64, resulting in a market cap of $873.446 million. The company's price-earnings ratio stands at 14.86, which is higher than the industry median of 10.84 and also higher than the company's historical median price-earnings ratio. The GF Value of MetroCity Bankshares Inc is estimated at $22.67, leading to a price-to-GF-Value ratio of 1.57. This suggests that the stock is significantly overvalued based on its GF Value.

The GF Value is an intrinsic value estimate developed by GuruFocus, calculated based on historical multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow. It also considers a GuruFocus adjustment factor based on the company's past returns and growth, as well as future estimates of business performance from Morningstar analysts. For more details on the transaction, refer to the SEC Filing.

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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