MetroCity Bankshares (MCBS) Set to Announce Earnings on Friday

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

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

MetroCity Bankshares Stock Down 0.3 %

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. The company has a quick ratio of 1.20, a current ratio of 1.21 and a debt-to-equity ratio of 0.85. MetroCity Bankshares has a 52 week low of $13.10 and a 52 week high of $26.23. The company has a market capitalization of $570.66 million, a P/E ratio of 11.21 and a beta of 0.57.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Gyon Technologies Capital Management LP bought a new stake in MetroCity Bankshares during the 4th quarter valued at approximately $53,000. Tower Research Capital LLC TRC raised its stake in MetroCity Bankshares by 225.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,961 shares of the company’s stock valued at $58,000 after purchasing an additional 2,050 shares during the period. Barclays PLC raised its stake in MetroCity Bankshares by 450.3% during the 4th quarter. Barclays PLC now owns 5,013 shares of the company’s stock valued at $108,000 after purchasing an additional 4,102 shares during the period. Citigroup Inc. increased its stake in MetroCity Bankshares by 1,143.4% in the 2nd quarter. Citigroup Inc. now owns 5,931 shares of the company’s stock worth $106,000 after acquiring an additional 5,454 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in MetroCity Bankshares by 108.0% in the 2nd quarter. Wells Fargo & Company MN now owns 6,961 shares of the company’s stock worth $125,000 after acquiring an additional 3,615 shares during the last quarter. Institutional investors own 25.33% of the company’s stock.

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.