De Lisle Partners LLP Purchases Shares of 83,935 MetroCity Bankshares, Inc. $MCBS

De Lisle Partners LLP purchased a new stake in shares of MetroCity Bankshares, Inc. (NASDAQ:MCBS) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 83,935 shares of the company’s stock, valued at approximately $3,015,000. De Lisle Partners LLP owned about 0.29% of MetroCity Bankshares as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of MetroCity Bankshares by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,969 shares of the company’s stock worth $302,000 after buying an additional 468 shares during the last quarter. CWM LLC increased its holdings in MetroCity Bankshares by 49.5% during the fourth quarter. CWM LLC now owns 1,428 shares of the company’s stock valued at $38,000 after buying an additional 473 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in MetroCity Bankshares by 21.5% during the second quarter. BNP Paribas Financial Markets now owns 3,057 shares of the company’s stock valued at $87,000 after buying an additional 540 shares during the last quarter. State of Alaska Department of Revenue raised its position in MetroCity Bankshares by 77.9% in the fourth quarter. State of Alaska Department of Revenue now owns 1,822 shares of the company’s stock worth $48,000 after acquiring an additional 798 shares during the period. Finally, Swiss National Bank raised its position in MetroCity Bankshares by 2.3% in the fourth quarter. Swiss National Bank now owns 40,262 shares of the company’s stock worth $1,069,000 after acquiring an additional 900 shares during the period. Institutional investors own 25.33% of the company’s stock.

MetroCity Bankshares Trading Up 0.3%

Shares of NASDAQ:MCBS opened at $35.60 on Friday. The stock has a 50 day moving average of $35.61 and a 200 day moving average of $32.32. The company has a market cap of $1.02 billion, a PE ratio of 12.36 and a beta of 0.69. MetroCity Bankshares, Inc. has a 12-month low of $24.53 and a 12-month high of $37.46. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.66.

MetroCity Bankshares (NASDAQ:MCBS) last released its earnings results on Friday, July 24th. The company reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.05). MetroCity Bankshares had a return on equity of 15.16% and a net margin of 28.40%.The firm had revenue of $49.80 million for the quarter, compared to the consensus estimate of $52.40 million.

MetroCity Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 7th. Stockholders of record on Wednesday, July 29th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Wednesday, July 29th. MetroCity Bankshares’s dividend payout ratio (DPR) is presently 40.28%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of MetroCity Bankshares in a research report on Wednesday, July 8th. Wall Street Zen cut MetroCity Bankshares from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, MetroCity Bankshares has an average rating of “Moderate Buy” and an average price target of $33.00.

MetroCity Bankshares Company Profile

MetroCity Bankshares, Inc is a bank holding company headquartered in Houston, Texas. Through its wholly owned subsidiary, MetroCity Bank, the company provides a range of banking and financial services to individuals and businesses. MetroCity Bankshares focuses on community banking, leveraging local expertise to support the financial needs of the greater Houston metropolitan area.

MetroCity Bank offers traditional deposit products, including checking and savings accounts, money market accounts and certificates of deposit.