MetroCity Bankshares (MCBS) Scheduled to Post Quarterly Earnings on Friday

MetroCity Bankshares (NASDAQ:MCBS) will be issuing its quarterly earnings data on Friday, April 19th.

MetroCity Bankshares (NASDAQ:MCBS) last posted its quarterly earnings results on Tuesday, January 23rd. The company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.04). The business had revenue of $55.38 million during the quarter. MetroCity Bankshares had a net margin of 24.44% and a return on equity of 13.83%.

MetroCity Bankshares Stock Down 0.3 %

MCBS opened at $22.64 on Thursday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.21 and a quick ratio of 1.20. The business has a 50 day simple moving average of $23.82 and a 200-day simple moving average of $22.70. The stock has a market capitalization of $570.66 million, a P/E ratio of 11.21 and a beta of 0.57. MetroCity Bankshares has a 12 month low of $13.10 and a 12 month high of $26.23.

Institutional Trading of MetroCity Bankshares

Several hedge funds have recently modified their holdings of the business. Charles Schwab Investment Management Inc. lifted its holdings in shares of MetroCity Bankshares by 0.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 138,749 shares of the company’s stock valued at $3,333,000 after buying an additional 450 shares during the period. Invesco Ltd. increased its stake in MetroCity Bankshares by 2.3% in the 3rd quarter. Invesco Ltd. now owns 22,578 shares of the company’s stock valued at $444,000 after purchasing an additional 514 shares in the last quarter. Royal Bank of Canada increased its stake in MetroCity Bankshares by 8.2% in the 3rd quarter. Royal Bank of Canada now owns 8,228 shares of the company’s stock valued at $161,000 after purchasing an additional 623 shares in the last quarter. Nuveen Asset Management LLC increased its stake in MetroCity Bankshares by 1.5% in the 4th quarter. Nuveen Asset Management LLC now owns 65,087 shares of the company’s stock valued at $1,563,000 after purchasing an additional 964 shares in the last quarter. Finally, UBS Group AG increased its stake in MetroCity Bankshares by 16.8% in the 1st quarter. UBS Group AG now owns 7,389 shares of the company’s stock valued at $126,000 after purchasing an additional 1,063 shares in the last quarter. 25.33% of the stock is owned by institutional investors and hedge funds.

MetroCity Bankshares Company Profile

MetroCity Bankshares, Inc operates as the bank holding company for Metro City Bank that engages in the provision of banking products and services in the United States. It offers customary banking services, such as consumer and commercial checking accounts, savings, and money market accounts, as well as certificates of deposit.