MetroCity Bankshares, Inc. (NASDAQ:MCBS – Get Free Report) Director Sam Sang-Koo Shim purchased 695 shares of the business’s stock in a transaction on Friday, April 26th. The stock was purchased at an average cost of $23.85 per share, with a total value of $16,575.75. Following the completion of the acquisition, the director now owns 619,897 shares in the company, valued at $14,784,543.45. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Sam Sang-Koo Shim also recently made the following trade(s):
- On Monday, April 29th, Sam Sang-Koo Shim acquired 1,900 shares of MetroCity Bankshares stock. The stock was acquired at an average price of $23.90 per share, for a total transaction of $45,410.00.
MetroCity Bankshares Trading Up 5.5 %
Shares of MCBS opened at $24.25 on Thursday. MetroCity Bankshares, Inc. has a 1-year low of $13.10 and a 1-year high of $26.23. The company has a market capitalization of $611.34 million, a P/E ratio of 12.31 and a beta of 0.57. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.21 and a quick ratio of 1.20. The firm’s 50 day simple moving average is $23.79 and its 200 day simple moving average is $22.98.
MetroCity Bankshares Dividend Announcement
Wall Street Analysts Forecast Growth
Separately, Keefe, Bruyette & Woods upped their target price on MetroCity Bankshares from $27.00 to $28.00 and gave the stock a “market perform” rating in a research note on Tuesday, April 23rd.
View Our Latest Report on MetroCity Bankshares
Institutional Trading of MetroCity Bankshares
A number of hedge funds have recently made changes to their positions in MCBS. SG Americas Securities LLC raised its position in MetroCity Bankshares by 19.0% during the fourth quarter. SG Americas Securities LLC now owns 10,302 shares of the company’s stock valued at $247,000 after purchasing an additional 1,647 shares in the last quarter. Sherrill & Hutchins Financial Advisory Inc purchased a new position in shares of MetroCity Bankshares in the 4th quarter worth about $712,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in shares of MetroCity Bankshares by 17.4% during the 3rd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 13,064 shares of the company’s stock valued at $257,000 after purchasing an additional 1,936 shares during the last quarter. Finally, Cahaba Wealth Management Inc. purchased a new position in shares of MetroCity Bankshares during the 1st quarter valued at about $998,000. 25.33% of the stock is owned by institutional investors.
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.
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