Metrocity Bankshares Inc reports results for the quarter ended in June - Earnings Summary

MetroCity Bankshares

23/07/2021 14:36

* Metrocity Bankshares Inc  MCBS.OQ  reported quarterly adjusted
earnings of 56 cents​​ per share for the quarter ended in June.
The mean expectation of three analysts for the quarter was
for earnings of 53 cents per share.
* Revenue rose 56.6% to $33.42 million from a year ago; 
analysts expected $30.27 million. 
* Metrocity Bankshares Inc's reported EPS for the quarter was 56
cents​.
* The mean earnings estimate of analysts had risen by
about 24.2% in the last three months.​ 
* In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
* Metrocity Bankshares Inc shares had risen by 3.1% this
quarter and gained 25.2% so far this year.
* The company reported quarterly net income of $14.39 million.
* Wall Street's median 12-month price target for Metrocity
Bankshares Inc is $18.50 
* The current average analyst rating on the shares is "hold" and
the breakdown of recommendations is no "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
This summary was machine generated July 23 at 01:36 p.m.  ​All
figures in US dollars unless otherwise stated