Sam Sang-Koo Shim Buys 1,900 Shares of MetroCity Bankshares, Inc. (NASDAQ:MCBS) Stock

MetroCity Bankshares, Inc. (NASDAQ:MCBS) Director Sam Sang-Koo Shim purchased 1,900 shares of the company’s stock in a transaction dated Monday, April 29th. The stock was purchased at an average price of $23.90 per share, for a total transaction of $45,410.00. Following the transaction, the director now directly owns 7,089 shares in the company, valued at approximately $169,427.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Sam Sang-Koo Shim also recently made the following trade(s):

• On Friday, April 26th, Sam Sang-Koo Shim bought 695 shares of MetroCity Bankshares stock. The shares were bought at an average price of $23.85 per share, for a total transaction of $16,575.75.

MetroCity Bankshares Stock Up 5.5 %

MetroCity Bankshares stock opened at $24.25 on Thursday. 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, Inc. has a 12-month low of $13.10 and a 12-month high of $26.23. The firm’s fifty day moving average is $23.79 and its 200 day moving average is $22.98. The company has a market capitalization of $611.34 million, a PE ratio of 12.31 and a beta of 0.57.

MetroCity Bankshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Wednesday, May 1st will be given a dividend of $0.20 per share. The ex-dividend date is Tuesday, April 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.30%. MetroCity Bankshares’s payout ratio is presently 40.61%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in MetroCity Bankshares by 4.1% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 13,594 shares of the company’s stock worth $327,000 after buying an additional 530 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of MetroCity Bankshares by 19.0% in the 4th quarter. SG Americas Securities LLC now owns 10,302 shares of the company’s stock worth $247,000 after acquiring an additional 1,647 shares in the last quarter. Sherrill & Hutchins Financial Advisory Inc bought a new stake in shares of MetroCity Bankshares in the 4th quarter worth $712,000. Finally, Cahaba Wealth Management Inc. bought a new stake in shares of MetroCity Bankshares in the 1st quarter worth $998,000. Institutional investors and hedge funds own 25.33% of the company’s stock.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods boosted their target price on shares of MetroCity Bankshares from $27.00 to $28.00 and gave the company a “market perform” rating in a research report on Tuesday, April 23rd.

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.