MetroCity Bankshares (MCBS) Set to Announce Earnings on Friday

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

MetroCity Bankshares (NASDAQ:MCBS) last issued its quarterly earnings results on Tuesday, January 23rd. The company reported $0.44 earnings per share 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 Trading Down 0.3 %

NASDAQ:MCBS opened at $22.64 on Thursday. The stock has a 50-day simple moving average of $23.82 and a 200-day simple moving average of $22.70. The stock has a market cap of $570.66 million, a P/E 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. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.20 and a current ratio of 1.21.

Institutional Trading of MetroCity Bankshares

A number of large investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its position in MetroCity Bankshares by 0.3% during the fourth 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. grew its position in shares of MetroCity Bankshares by 2.3% in the third quarter. Invesco Ltd. now owns 22,578 shares of the company’s stock valued at $444,000 after purchasing an additional 514 shares during the last quarter. Royal Bank of Canada grew its position in shares of MetroCity Bankshares by 8.2% in the third quarter. Royal Bank of Canada now owns 8,228 shares of the company’s stock valued at $161,000 after purchasing an additional 623 shares during the last quarter. Nuveen Asset Management LLC grew its position in shares of MetroCity Bankshares by 1.5% in the fourth quarter. Nuveen Asset Management LLC now owns 65,087 shares of the company’s stock valued at $1,563,000 after purchasing an additional 964 shares during the last quarter. Finally, UBS Group AG grew its position in shares of MetroCity Bankshares by 16.8% in the first 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 last quarter. 25.33% of the stock is owned by institutional investors and hedge funds.

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.