MetroCity Bankshares, Inc. (NASDAQ:MCBS) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. trimmed its holdings in MetroCity Bankshares, Inc. (NASDAQ:MCBS - Free Report) by 3.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 976,156 shares of the company's stock after selling 29,790 shares during the quarter. Vanguard Group Inc. owned 3.85% of MetroCity Bankshares worth $31,188,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. State Street Corp raised its position in MetroCity Bankshares by 2.9% during the third quarter. State Street Corp now owns 429,312 shares of the company's stock valued at $13,146,000 after acquiring an additional 11,900 shares in the last quarter. Jane Street Group LLC boosted its holdings in MetroCity Bankshares by 2.3% during the third quarter. Jane Street Group LLC now owns 16,357 shares of the company's stock worth $501,000 after buying an additional 370 shares in the last quarter. Barclays PLC grew its position in MetroCity Bankshares by 345.5% during the third quarter. Barclays PLC now owns 28,341 shares of the company's stock valued at $868,000 after buying an additional 21,979 shares during the period. Geode Capital Management LLC increased its holdings in MetroCity Bankshares by 1.5% in the third quarter. Geode Capital Management LLC now owns 424,739 shares of the company's stock valued at $13,009,000 after buying an additional 6,341 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in shares of MetroCity Bankshares by 15.4% in the third quarter. Franklin Resources Inc. now owns 11,680 shares of the company's stock worth $358,000 after acquiring an additional 1,557 shares during the period. Hedge funds and other institutional investors own 25.33% of the company's stock.

MetroCity Bankshares Price Performance

NASDAQ:MCBS traded up $0.32 during trading hours on Friday, reaching $26.99. 50,673 shares of the company were exchanged, compared to its average volume of 39,595. MetroCity Bankshares, Inc. has a twelve month low of $22.25 and a twelve month high of $36.15. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.92. The stock's 50-day moving average is $28.20 and its 200-day moving average is $30.74. The firm has a market cap of $685.63 million, a PE ratio of 10.75 and a beta of 0.51.

MetroCity Bankshares (NASDAQ:MCBS - Get Free Report) last released its earnings results on Tuesday, January 21st. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate 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 period in the prior year, the firm earned $0.65 EPS.

MetroCity Bankshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 30th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 3.41%. The ex-dividend date of this dividend is Wednesday, April 30th. 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.