SG Americas Securities LLC Has $262,000 Holdings in MetroCity Bankshares, Inc. (NASDAQ:MCBS)

SG Americas Securities LLC raised its position in MetroCity Bankshares, Inc. (NASDAQ:MCBS) by 18.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,212 shares of the company’s stock after purchasing an additional 1,280 shares during the quarter. SG Americas Securities LLC’s holdings in MetroCity Bankshares were worth $262,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. raised its position in MetroCity Bankshares by 119.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 43,158 shares of the company’s stock valued at $1,321,000 after buying an additional 23,515 shares during the last quarter. Barclays PLC lifted its position in shares of MetroCity Bankshares by 345.5% in the third quarter. Barclays PLC now owns 28,341 shares of the company’s stock worth $868,000 after purchasing an additional 21,979 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in MetroCity Bankshares during the second quarter worth $377,000. State Street Corp grew its position in MetroCity Bankshares by 2.9% in the third quarter. State Street Corp now owns 429,312 shares of the company’s stock valued at $13,146,000 after purchasing an additional 11,900 shares in the last quarter. Finally, Creative Planning acquired a new stake in MetroCity Bankshares in the 3rd quarter valued at $331,000. 25.33% of the stock is currently owned by institutional investors.

Insider Activity at MetroCity Bankshares

In other MetroCity Bankshares news, President Farid Tan sold 749 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $35.56, for a total value of $26,634.44. Following the transaction, the president now directly owns 920,871 shares of the company’s stock, valued at $32,746,172.76. This represents a 0.08 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last quarter, insiders have sold 8,600 shares of company stock worth $306,276. Company insiders own 27.49% of the company’s stock.

MetroCity Bankshares Stock Up 1.7 %

NASDAQ:MCBS opened at $31.65 on Thursday. MetroCity Bankshares, Inc. has a twelve month low of $21.89 and a twelve month high of $36.15. The firm has a market capitalization of $801.69 million, a price-to-earnings ratio of 12.61 and a beta of 0.62. 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 stock’s 50 day moving average price is $32.47 and its two-hundred day moving average price is $31.19.

MetroCity Bankshares (NASDAQ:MCBS) last issued its earnings results on Tuesday, January 21st. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 previous year, the business posted $0.65 EPS.

MetroCity Bankshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Wednesday, January 29th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date of this dividend is Wednesday, January 29th. MetroCity Bankshares’s dividend payout ratio (DPR) is presently 36.65%.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods increased their price objective 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.

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.