MetroCity Bankshares (MCBS) Set to Announce Quarterly Earnings on Friday

MetroCity Bankshares (NASDAQ:MCBS) is set to issue 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.04). The company had revenue of $55.38 million for the quarter. MetroCity Bankshares had a return on equity of 13.83% and a net margin of 24.44%.

MetroCity Bankshares Price Performance

NASDAQ MCBS opened at $22.64 on Thursday. The stock’s 50-day moving average price is $23.82 and its two-hundred day moving average price is $22.70. The company has a current ratio of 1.21, a quick ratio of 1.20 and a debt-to-equity ratio of 0.85. The company has a market cap of $570.66 million, a PE ratio of 11.21 and a beta of 0.57. MetroCity Bankshares has a 1 year low of $13.10 and a 1 year high of $26.23.

Institutional Trading of MetroCity Bankshares

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. raised its holdings in MetroCity Bankshares by 0.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 138,749 shares of the company’s stock worth $3,333,000 after buying an additional 450 shares during the period. Invesco Ltd. raised its holdings in MetroCity Bankshares by 2.3% during the 3rd quarter. Invesco Ltd. now owns 22,578 shares of the company’s stock worth $444,000 after buying an additional 514 shares during the period. Royal Bank of Canada raised its holdings in MetroCity Bankshares by 8.2% during the 3rd quarter. Royal Bank of Canada now owns 8,228 shares of the company’s stock worth $161,000 after buying an additional 623 shares during the period. Nuveen Asset Management LLC raised its holdings in MetroCity Bankshares by 1.5% during the 4th quarter. Nuveen Asset Management LLC now owns 65,087 shares of the company’s stock worth $1,563,000 after buying an additional 964 shares during the period. Finally, UBS Group AG increased its holdings in shares of MetroCity Bankshares by 16.8% in the 1st quarter. UBS Group AG now owns 7,389 shares of the company’s stock valued at $126,000 after purchasing an additional 1,063 shares during the period. Institutional investors and hedge funds own 25.33% of the company’s stock.

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.