Vanguard Group Inc. Sells 29,790 Shares of MetroCity Bankshares, Inc. (NASDAQ:MCBS)

Vanguard Group Inc. lowered its stake in MetroCity Bankshares, Inc. (NASDAQ:MCBS - Free Report) by 3.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 976,156 shares of the company's stock after selling 29,790 shares during the quarter. Vanguard Group Inc. owned about 3.85% of MetroCity Bankshares worth $31,188,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Jane Street Group LLC raised its position in shares of 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. Charles Schwab Investment Management Inc. raised its holdings in MetroCity Bankshares by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 148,831 shares of the company's stock valued at $4,755,000 after acquiring an additional 1,086 shares during the period. SG Americas Securities LLC lifted its position in shares of 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 acquiring an additional 1,280 shares in the last quarter. Franklin Resources Inc. boosted its stake 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. Finally, Teacher Retirement System of Texas grew its position in shares of MetroCity Bankshares by 14.9% during the fourth quarter. Teacher Retirement System of Texas now owns 20,176 shares of the company's stock worth $645,000 after purchasing an additional 2,614 shares in the last quarter. 25.33% of the stock is owned by hedge funds and other institutional investors.

MetroCity Bankshares Price Performance

NASDAQ MCBS traded up $0.32 during trading hours on Friday, reaching $26.99. The company's stock had a trading volume of 50,673 shares, compared to its average volume of 39,729. MetroCity Bankshares, Inc. has a 1 year low of $22.25 and a 1 year high of $36.15. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $685.63 million, a price-to-earnings ratio of 10.75 and a beta of 0.51. The firm's 50-day moving average price is $28.09 and its 200-day moving average price is $30.74.

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

MetroCity Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 30th will be issued a $0.23 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $0.92 annualized dividend and a dividend yield of 3.41%. MetroCity Bankshares's dividend payout ratio (DPR) is 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.