6,408 Shares in MetroCity Bankshares, Inc. (NASDAQ:MCBS) Acquired by Janus Henderson Group PLC

Janus Henderson Group PLC acquired a new stake in MetroCity Bankshares, Inc. (NASDAQ:MCBS) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,408 shares of the company’s stock, valued at approximately $205,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC lifted its stake in shares of MetroCity Bankshares by 18.5% in the 4th quarter. SG Americas Securities LLC now owns 8,212 shares of the company’s stock valued at $262,000 after purchasing an additional 1,280 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in MetroCity Bankshares by 11.4% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 34,237 shares of the company’s stock worth $1,094,000 after buying an additional 3,493 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of MetroCity Bankshares by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 148,831 shares of the company’s stock worth $4,755,000 after buying an additional 1,086 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of MetroCity Bankshares during the 4th quarter worth about $562,000. Finally, Teacher Retirement System of Texas increased its stake in shares of MetroCity Bankshares by 14.9% in the 4th quarter. Teacher Retirement System of Texas now owns 20,176 shares of the company’s stock valued at $645,000 after acquiring an additional 2,614 shares during the last quarter. 25.33% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods decreased their price objective on shares of MetroCity Bankshares from $36.00 to $34.00 and set a “market perform” rating for the company in a report on Tuesday, April 22nd.

MetroCity Bankshares Stock Performance

MCBS stock opened at $27.58 on Monday. The firm has a market cap of $700.59 million, a PE ratio of 10.99 and a beta of 0.66. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.92. The business’s 50-day moving average price is $27.58 and its two-hundred day moving average price is $30.38. MetroCity Bankshares, Inc. has a 1-year low of $23.27 and a 1-year high of $36.15.

MetroCity Bankshares (NASDAQ:MCBS) last announced its quarterly earnings results on Friday, April 18th. 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%. The firm had revenue of $36.01 million for the quarter, compared to analyst estimates of $35.20 million.

MetroCity Bankshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Wednesday, April 30th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 3.34%. The ex-dividend date of this dividend was Wednesday, April 30th. MetroCity Bankshares’s dividend payout ratio is 35.80%.

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.