MetroCity Bankshares (MCBS) to Release Quarterly Earnings on Friday

MetroCity Bankshares (NASDAQ:MCBS - Get Free Report) is expected to issue its Q2 2025 quarterly earnings data before the market opens on Friday, July 18th. Analysts expect the company to announce earnings of $0.63 per share and revenue of $36.10 million for the quarter.

MetroCity Bankshares (NASDAQ:MCBS - Get Free Report) last issued its quarterly earnings results on Friday, April 18th. The company reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.61 by $0.02. The firm had revenue of $36.01 million for the quarter, compared to analysts' expectations of $35.20 million. MetroCity Bankshares had a return on equity of 15.91% and a net margin of 28.03%.

MetroCity Bankshares Trading Up 1.5%

MCBS traded up $0.45 during trading on Monday, reaching $29.55. The company had a trading volume of 23,048 shares, compared to its average volume of 42,004. The firm's 50-day simple moving average is $28.43 and its 200 day simple moving average is $28.96. The company has a market cap of $750.57 million, a price-to-earnings ratio of 11.50 and a beta of 0.61. MetroCity Bankshares has a 12-month low of $24.24 and a 12-month high of $36.15. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.25 and a current ratio of 1.26.

MetroCity Bankshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Wednesday, April 30th were given a dividend of $0.23 per share. The ex-dividend date was Wednesday, April 30th. This represents a $0.92 dividend on an annualized basis and a yield of 3.11%. MetroCity Bankshares's payout ratio is presently 35.80%.

Institutional Investors Weigh In On MetroCity Bankshares

A hedge fund recently raised its stake in MetroCity Bankshares stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of MetroCity Bankshares, Inc. (NASDAQ:MCBS - Free Report) by 4.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,969 shares of the company's stock after acquiring an additional 468 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in MetroCity Bankshares were worth $302,000 at the end of the most recent quarter. 25.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods decreased their price objective on MetroCity Bankshares from $36.00 to $34.00 and set a "market perform" rating for the company in a research report on Tuesday, April 22nd.

About MetroCity Bankshares

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.