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

MetroCity Bankshares (NASDAQ:MCBS) will announce its earnings results on Friday, April 19th.

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

MetroCity Bankshares Trading Down 0.3 %

MCBS opened at $22.64 on Thursday. The firm has a market capitalization of $570.66 million, a P/E ratio of 11.21 and a beta of 0.57. The firm’s 50 day moving average is $23.82 and its 200-day moving average is $22.70. MetroCity Bankshares has a 52-week low of $13.10 and a 52-week high of $26.23. The company has a quick ratio of 1.20, a current ratio of 1.21 and a debt-to-equity ratio of 0.85.

Institutional Trading of MetroCity Bankshares

A number of hedge funds have recently made changes to their positions in MCBS. Bank of New York Mellon Corp raised its stake in shares of MetroCity Bankshares by 2.3% during the first quarter. Bank of New York Mellon Corp now owns 161,255 shares of the company’s stock valued at $3,786,000 after purchasing an additional 3,702 shares during the period. MetLife Investment Management LLC raised its stake in shares of MetroCity Bankshares by 58.5% during the first quarter. MetLife Investment Management LLC now owns 11,843 shares of the company’s stock valued at $278,000 after purchasing an additional 4,371 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of MetroCity Bankshares by 29.4% during the first quarter. Dimensional Fund Advisors LP now owns 89,524 shares of the company’s stock valued at $2,102,000 after purchasing an additional 20,336 shares during the period. First Trust Advisors LP raised its stake in shares of MetroCity Bankshares by 9.8% during the first quarter. First Trust Advisors LP now owns 12,971 shares of the company’s stock valued at $305,000 after purchasing an additional 1,154 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of MetroCity Bankshares by 1.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 137,874 shares of the company’s stock valued at $3,238,000 after purchasing an additional 1,541 shares during the period. Hedge funds and other institutional investors 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.