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

MetroCity Bankshares (NASDAQ:MCBS) is scheduled to release its earnings data on Friday, April 19th.

MetroCity Bankshares (NASDAQ:MCBS) last announced its quarterly earnings data on Tuesday, January 23rd. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.04). MetroCity Bankshares had a net margin of 24.44% and a return on equity of 13.83%. The company had revenue of $55.38 million for the quarter.

MetroCity Bankshares Stock Down 0.3 %

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

Institutional Trading of MetroCity Bankshares

Large investors have recently modified their holdings of the business. Royal Bank of Canada grew its stake in shares of MetroCity Bankshares by 15.1% in the second quarter. Royal Bank of Canada now owns 10,392 shares of the company’s stock worth $186,000 after purchasing an additional 1,360 shares during the last quarter. Alliancebernstein L.P. bought a new stake in shares of MetroCity Bankshares in the second quarter worth about $183,000. Deutsche Bank AG grew its stake in shares of MetroCity Bankshares by 53.4% in the third quarter. Deutsche Bank AG now owns 9,305 shares of the company’s stock worth $183,000 after purchasing an additional 3,240 shares during the last quarter. Barclays PLC grew its stake in shares of MetroCity Bankshares by 85.4% in the first quarter. Barclays PLC now owns 9,296 shares of the company’s stock worth $159,000 after purchasing an additional 4,283 shares during the last quarter. Finally, Legal & General Group Plc grew its stake in shares of MetroCity Bankshares by 260.2% in the fourth quarter. Legal & General Group Plc now owns 6,966 shares of the company’s stock worth $151,000 after purchasing an additional 5,032 shares during the last quarter. 25.33% of the stock is owned by institutional investors.

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.