American Century Companies Inc. Has $9.88 Million Position in MetroCity Bankshares, Inc. (NASDAQ:MCBS)

American Century Companies Inc. raised its holdings in MetroCity Bankshares, Inc. (NASDAQ:MCBS - Free Report) by 34.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 309,264 shares of the company's stock after purchasing an additional 79,080 shares during the quarter. American Century Companies Inc. owned 1.22% of MetroCity Bankshares worth $9,881,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Teacher Retirement System of Texas boosted its stake in MetroCity Bankshares by 14.9% in the fourth quarter. Teacher Retirement System of Texas now owns 20,176 shares of the company's stock valued at $645,000 after buying an additional 2,614 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of MetroCity Bankshares during the 4th quarter valued at approximately $562,000. Charles Schwab Investment Management Inc. increased its position in MetroCity Bankshares by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 148,831 shares of the company's stock worth $4,755,000 after purchasing an additional 1,086 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in MetroCity Bankshares by 11.4% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 34,237 shares of the company's stock valued at $1,094,000 after purchasing an additional 3,493 shares during the last quarter. Finally, SG Americas Securities LLC boosted its position in MetroCity Bankshares by 18.5% in the fourth quarter. SG Americas Securities LLC now owns 8,212 shares of the company's stock valued at $262,000 after buying an additional 1,280 shares in the last quarter. Institutional investors own 25.33% of the company's stock.

MetroCity Bankshares Price Performance

Shares of NASDAQ MCBS traded up $0.29 during midday trading on Monday, reaching $25.62. 73,830 shares of the company were exchanged, compared to its average volume of 38,589. The stock's 50-day moving average price is $29.22 and its 200-day moving average price is $31.03. The stock has a market cap of $650.82 million, a P/E ratio of 10.21 and a beta of 0.51. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.92. MetroCity Bankshares, Inc. has a one year low of $21.89 and a one year high of $36.15.

MetroCity Bankshares (NASDAQ:MCBS - Get Free Report) last issued its quarterly earnings data on Tuesday, January 21st. The company reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.61 by $0.02. MetroCity Bankshares had a return on equity of 15.98% and a net margin of 27.33%. During the same quarter last year, the company posted $0.65 EPS.

MetroCity Bankshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Wednesday, January 29th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 3.59%. The ex-dividend date of this dividend was Wednesday, January 29th. MetroCity Bankshares's dividend payout ratio is currently 36.65%.

MetroCity Bankshares Profile

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.