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

MetroCity Bankshares

22/04/2022 22:52

* Metrocity Bankshares Inc  MCBS.OQ  reported quarterly
adjusted
earnings of 76 cents​​ per share for the quarter ended in March.
The mean expectation of two analysts for the quarter was
for earnings of 70 cents per share.
    * Revenue rose 27.2% to $37.82 million from a year ago; 
analysts
expected $36.40 million. 
    * Metrocity Bankshares Inc's reported EPS for the quarter
was 76
cents​.
    * The mean earnings estimate of analysts had risen by
about 7.8%
in the last three months.​ 
    * In the last 30 days there have been no negative revisions
of
earnings estimates 
    * Metrocity Bankshares Inc shares had fallen by 4.9% this
quarter and lost 18.9% so far this year.
    * The company reported quarterly net income of $19.43
million.
    * Wall Street's median 12-month price target for Metrocity
Bankshares Inc is $27.50 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated April 22 at 09:52 p.m.  ​All
figures in US dollars unless otherwise stated