MetroCity Bankshares, Inc. (NASDAQ:MCBS - Get Free Report) saw unusually-high trading volume on Friday . Approximately 24,432 shares changed hands during trading, a decline of 29% from the previous session's volume of 34,454 shares.The stock last traded at $28.48 and had previously closed at $28.67.
Analysts Set New Price Targets
Separately, Keefe, Bruyette & Woods increased their price target on shares of MetroCity Bankshares from $34.00 to $36.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th.
Check Out Our Latest Report on MetroCity Bankshares
MetroCity Bankshares Stock Down 0.1 %
The company has a 50-day moving average of $30.82 and a two-hundred day moving average of $31.45. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.24 and a quick ratio of 1.24. The company has a market capitalization of $695.36 million, a PE ratio of 10.94 and a beta of 0.58.
MetroCity Bankshares (NASDAQ:MCBS - Get Free Report) last posted its quarterly earnings data on Tuesday, January 21st. The company reported $0.63 earnings per share for the quarter, beating 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 in the previous year, the company posted $0.65 EPS.
MetroCity Bankshares Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Wednesday, January 29th were given a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.35%. MetroCity Bankshares's payout ratio is currently 36.65%.
Institutional Trading of MetroCity Bankshares
Institutional investors and hedge funds have recently modified their holdings of the company. GSA Capital Partners LLP bought a new position in MetroCity Bankshares in the 3rd quarter worth $251,000. Charles Schwab Investment Management Inc. lifted its position in shares of MetroCity Bankshares by 1.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 147,745 shares of the company's stock valued at $4,524,000 after acquiring an additional 2,745 shares in the last quarter. PDT Partners LLC bought a new position in shares of MetroCity Bankshares in the third quarter worth about $228,000. State Street Corp grew its position in shares of MetroCity Bankshares by 2.9% during the third quarter. State Street Corp now owns 429,312 shares of the company's stock worth $13,146,000 after purchasing an additional 11,900 shares in the last quarter. Finally, Jane Street Group LLC raised its stake in MetroCity Bankshares by 2.3% during the 3rd quarter. Jane Street Group LLC now owns 16,357 shares of the company's stock valued at $501,000 after purchasing an additional 370 shares during the period. 25.33% of the stock is currently owned by institutional investors.
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.
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