Swiss National Bank Sells 3,600 Shares of MetroCity Bankshares, Inc. (NASDAQ:MCBS)

Swiss National Bank lessened its holdings in MetroCity Bankshares, Inc. (NASDAQ:MCBSFree Report) by 8.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 37,362 shares of the company’s stock after selling 3,600 shares during the period. Swiss National Bank owned about 0.15% of MetroCity Bankshares worth $897,000 at the end of the most recent quarter.

Separately, SG Americas Securities LLC lifted its position in shares of MetroCity Bankshares by 19.0% in the 4th quarter. SG Americas Securities LLC now owns 10,302 shares of the company’s stock worth $247,000 after purchasing an additional 1,647 shares during the period. Hedge funds and other institutional investors own 25.33% of the company’s stock.

Insider Activity at MetroCity Bankshares

In other news, Director Sam Sang-Koo Shim bought 1,900 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The stock was bought at an average price of $23.90 per share, with a total value of $45,410.00. Following the completion of the transaction, the director now directly owns 7,089 shares of the company’s stock, valued at approximately $169,427.10. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 27.49% of the stock is currently owned by corporate insiders.

MetroCity Bankshares Price Performance

Shares of MCBS opened at $24.67 on Friday. The company has a 50 day moving average price of $24.27 and a 200-day moving average price of $23.67. MetroCity Bankshares, Inc. has a fifty-two week low of $16.10 and a fifty-two week high of $26.23. The stock has a market capitalization of $621.83 million, a PE ratio of 12.52 and a beta of 0.59. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.20 and a current ratio of 1.22.

MetroCity Bankshares (NASDAQ:MCBSGet Free Report) last posted its earnings results on Friday, April 19th. The company reported $0.57 EPS for the quarter. MetroCity Bankshares had a net margin of 23.26% and a return on equity of 13.15%. The company had revenue of $32.65 million during the quarter.

MetroCity Bankshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 10th. Investors of record on Wednesday, May 1st were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, April 30th. This represents a $0.80 dividend on an annualized basis and a yield of 3.24%. MetroCity Bankshares’s payout ratio is 40.61%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods upped their price target on shares of MetroCity Bankshares from $27.00 to $28.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 23rd.

View Our Latest Stock Analysis on MCBS

MetroCity Bankshares Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for MetroCity Bankshares (NASDAQ:MCBS)

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