MetroCity Bankshares, Inc. (NASDAQ:MCBS - Get Free Report)'s stock price gapped down prior to trading on Monday . The stock had previously closed at $27.78, but opened at $27.17. MetroCity Bankshares shares last traded at $27.75, with a volume of 3,279 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Keefe, Bruyette & Woods lifted their target price on shares of MetroCity Bankshares from $34.00 to $36.00 and gave the stock a "market perform" rating in a research note on Wednesday, December 4th.
Get Our Latest Stock Analysis on MCBS
MetroCity Bankshares Stock Performance
The stock has a market capitalization of $690.96 million, a P/E ratio of 10.84 and a beta of 0.58. 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 company has a 50-day moving average price of $30.25 and a two-hundred day moving average price of $31.29.
MetroCity Bankshares (NASDAQ:MCBS - Get Free Report) last issued its earnings results 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 period in the prior year, the company earned $0.65 earnings per share.
MetroCity Bankshares Announces Dividend
The business also recently announced 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 dividend yield of 3.38%. MetroCity Bankshares's payout ratio is presently 36.65%.
Institutional Investors Weigh In On MetroCity Bankshares
Large investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets acquired a new position in shares of MetroCity Bankshares during the fourth quarter valued at about $83,000. KLP Kapitalforvaltning AS bought a new stake in MetroCity Bankshares in the 4th quarter valued at about $99,000. Janus Henderson Group PLC acquired a new position in MetroCity Bankshares during the 4th quarter worth approximately $205,000. Price T Rowe Associates Inc. MD bought a new position in MetroCity Bankshares in the fourth quarter worth approximately $224,000. Finally, PDT Partners LLC bought a new position in MetroCity Bankshares in the third quarter worth approximately $228,000. 25.33% of the stock is currently owned by institutional investors and hedge funds.
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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