MetroCorp Bancshares (MCBI) Set to Announce Earnings on Monday
MetroCorp Bancshares (NASDAQ:MCBI) will post its Q313 quarterly earnings results on Monday, October 21st. Analysts expect MetroCorp Bancshares to post earnings of $0.15 per share and revenue of $15.37 million for the quarter.
MetroCorp Bancshares (NASDAQ:MCBI) opened at 14.37 on Friday. MetroCorp Bancshares has a 52-week low of $8.70 and a 52-week high of $14.23. The stock has a 50-day moving average of $12.35 and a 200-day moving average of $10.79. The company has a market cap of $263.9 million and a price-to-earnings ratio of 23.04.
A number of research firms have recently commented on MCBI. Analysts at Raymond James downgraded shares of MetroCorp Bancshares from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday, September 24th. They now have a $12.00 price target on the stock. On a related note, analysts at Sandler O’Neill downgraded shares of MetroCorp Bancshares from a “buy” rating to a “hold” rating in a research note to investors on Monday, September 23rd. Finally, analysts at Keefe, Bruyette & Woods upgraded shares of MetroCorp Bancshares from a “market perform” rating to an “outperform” rating in a research note to investors on Monday, September 23rd.
MetroCorp Bancshares, Inc, is a holding company for MetroBank, National Association (NASDAQ:MCBI).
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