MetroCity Bankshares (MCBS) Projected to Post Quarterly Earnings on Tuesday

MetroCity Bankshares (NASDAQ:MCBSGet Free Report) is expected to issue its quarterly earnings data before the market opens on Tuesday, January 21st. Analysts expect the company to announce earnings of $0.61 per share and revenue of $35,300.00 billion for the quarter.

MetroCity Bankshares (NASDAQ:MCBSGet Free Report) last released its quarterly earnings data on Friday, October 18th. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.01. MetroCity Bankshares had a net margin of 25.54% and a return on equity of 14.97%. The firm had revenue of $60.45 million during the quarter.

MetroCity Bankshares Trading Up 0.5 %

Shares of MCBS stock opened at $31.74 on Monday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.92. MetroCity Bankshares has a 12-month low of $21.89 and a 12-month high of $36.15. The stock has a market capitalization of $803.97 million, a P/E ratio of 13.68 and a beta of 0.64. The firm’s 50 day moving average is $33.19 and its 200 day moving average is $30.83.

MetroCity Bankshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Wednesday, January 29th will be paid a $0.23 dividend. The ex-dividend date is Wednesday, January 29th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.90%. MetroCity Bankshares’s dividend payout ratio (DPR) is currently 39.66%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods upped their price objective on MetroCity Bankshares from $34.00 to $36.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th.

Check Out Our Latest Stock Report on MCBS

Insider Transactions at MetroCity Bankshares

In other news, President Farid Tan sold 749 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $35.56, for a total value of $26,634.44. Following the transaction, the president now owns 920,871 shares of the company’s stock, valued at $32,746,172.76. This trade represents a 0.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ajit A. Patel sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $33.10, for a total value of $165,500.00. Following the transaction, the director now owns 645,739 shares of the company’s stock, valued at approximately $21,373,960.90. This trade represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 34,600 shares of company stock worth $1,181,786 in the last quarter. Company insiders own 27.49% of the company’s stock.

MetroCity Bankshares Company Profile

(Get Free Report)

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.

Featured Articles

Earnings History for MetroCity Bankshares (NASDAQ:MCBS)

Receive News & Ratings for MetroCity Bankshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MetroCity Bankshares and related companies with MarketBeat.com's FREE daily email newsletter.