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- METROCORP BANCSHARES INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, METROCORP BANCSHARES INC increased its bottom line by earning $0.62 versus $0.31 in the prior year. This year, the market expects an improvement in earnings ($0.65 versus $0.62).
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Commercial Banks industry. The net income increased by 968.3% when compared to the same quarter one year prior, rising from -$0.33 million to $2.85 million.
- The gross profit margin for METROCORP BANCSHARES INC is currently very high, coming in at 92.40%. It has increased significantly from the same period last year. Regardless of the strong results of the gross profit margin, the net profit margin of 16.34% trails the industry average.
- Powered by its strong earnings growth of 314.28% and other important driving factors, this stock has surged by 43.46% over the past year, outperforming the rise in the S&P 500 Index during the same period. We feel that the stock's sharp appreciation over the last year has driven it to a price level which is now somewhat expensive compared to the rest of its industry. The other strengths this company shows, however, justify the higher price levels.
- MCBI, with its decline in revenue, underperformed when compared the industry average of 11.0%. Since the same quarter one year prior, revenues slightly dropped by 6.6%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.
-- Written by a member of TheStreet Ratings Staff
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.