Metrocity Bankshares Inc expected to post earnings of 53 cents a share - Earnings Preview

MetroCity Bankshares

17/04/2024 12:01

* Metrocity Bankshares Inc  MCBS.OQ   MCBS.O  is expected
to show
a fall in quarterly revenue when it reports  results on April 19
(estimated) for the period ending March 31 2024
    * The Doraville Georgia-based  company is expected to report
a
2.6% decrease in revenue to $31.4 million from $32.25 million a
year ago, according to the estimate from one analyst, based on
LSEG data.
    * ​LSEG's mean analyst estimate for Metrocity Bankshares Inc
is
for earnings of 53 cents per share. 
    * The one available analyst rating on the shares is
"hold".  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Metrocity
Bankshares Inc is $27.00​, above​ its last closing price
of $22.71. ​​​

This summary was machine generated April 17 at 11:01 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)