MetroCity Bankshares (NASDAQ:MCBS - Get Free Report) is expected to announce its earnings results before the market opens on Thursday, April 17th. Analysts expect the company to announce earnings of $0.61 per share and revenue of $35.20 million for the quarter.
MetroCity Bankshares (NASDAQ:MCBS - Get Free Report) last released its earnings results on Tuesday, January 21st. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.61 by $0.02. MetroCity Bankshares had a net margin of 27.33% and a return on equity of 15.98%. During the same period in the prior year, the business posted $0.65 earnings per share.
MetroCity Bankshares Stock Up 1.7 %
Shares of NASDAQ:MCBS traded up $0.44 during trading on Tuesday, reaching $26.59. 37,260 shares of the company traded hands, compared to its average volume of 39,351. The firm has a fifty day simple moving average of $28.39 and a 200 day simple moving average of $30.80. 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 has a 1-year low of $22.25 and a 1-year high of $36.15. The firm has a market cap of $675.47 million, a P/E ratio of 10.59 and a beta of 0.51.
MetroCity Bankshares Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Wednesday, January 29th were given a dividend of $0.23 per share. The ex-dividend date was Wednesday, January 29th. This represents a $0.92 dividend on an annualized basis and a yield of 3.46%. MetroCity Bankshares's payout ratio is 36.65%.
About MetroCity Bankshares
(
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.
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