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

MetroCity Bankshares

22/10/2021 15:32

* Metrocity Bankshares Inc  MCBS.OQ  reported quarterly adjusted
earnings of 66 cents​​ per share for the quarter ended in
September. The mean expectation of three analysts for the
quarter was for earnings of 61 cents per share.
* Revenue rose 57.8% to $37.72 million from a year ago; 
analysts expected $34.77 million. 
* Metrocity Bankshares Inc's reported EPS for the quarter was 66
cents​.
* The mean earnings estimate of analysts had risen by
about 11.5% 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 4.1% this
quarter and gained 51.5% so far this year.
* The company reported quarterly net income of $16.88 million.
* Wall Street's median 12-month price target for Metrocity
Bankshares Inc is $22.50 
* 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 October 22 at 02:32 p.m.
 ​All figures in US dollars unless otherwise stated