MetroCity Bankshares (MCBS) Projected to Post Earnings on Thursday

MetroCity Bankshares (NASDAQ:MCBS) is expected to be announcing its earnings results before the market opens on Thursday, April 17th. Analysts expect the company to announce earnings of $0.61 per share and revenue of $35.20 million for the quarter.

MetroCity Bankshares (NASDAQ:MCBS) last posted its quarterly earnings data on Tuesday, January 21st. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. MetroCity Bankshares had a net margin of 27.33% and a return on equity of 15.98%. During the same quarter in the previous year, the business earned $0.65 EPS.

MetroCity Bankshares Stock Up 4.7 %

Shares of NASDAQ MCBS opened at $26.69 on Thursday. MetroCity Bankshares has a 1 year low of $21.89 and a 1 year high of $36.15. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.24 and a quick ratio of 1.24. The company has a market cap of $678.01 million, a P/E ratio of 10.63 and a beta of 0.51. The firm has a 50-day simple moving average of $28.81 and a two-hundred day simple moving average of $30.90.

MetroCity Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Wednesday, January 29th were given a dividend of $0.23 per share. The ex-dividend date was Wednesday, January 29th. This represents a $0.92 annualized dividend and a dividend yield of 3.45%. MetroCity Bankshares’s dividend payout ratio (DPR) is 36.65%.

About MetroCity Bankshares

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.