Metrocity Bankshares Inc (NASDAQ:MCBS) Upgraded by BidaskClub to Hold

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Metrocity Bankshares Inc stock has undergone multiple analysts rating changes in the recent past.  Metrocity Bankshares Inc Upgraded by BidaskClub on 10/2/2020. In a note to investors, the firm issued a new rating of Hold. The analysts previously had rating of Sell.

Shares of Metrocity Bankshares Inc traded up $0.39 on Friday, reaching $13.56. 0 shares of the stock traded hands, compared to its average volume of 25428. Shares of Metrocity Bankshares Inc were trading at $13.56 on Friday. The firm’s 50 day moving average is $13.60 and its 200 day moving average is $13.48.Metrocity Bankshares Inc has a 12 month low of $13.00 and a 12 month high of $19.07. While on yearly highs and lows, Metrocity Bankshares Inc’s today has traded high as $13.70 and has touched $13.00 on the downward trend. See More Analyst Rating at: RATING

Metrocity Bankshares Inc Earnings and What to expect: 

MetroCity Bankshares last released its earnings data on July 24th, 2020. The reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.05. The business had revenue of $21.34 million for the quarter, compared to analyst estimates of $20.40 million. MetroCity Bankshares has generated $1.81 earnings per share over the last year and currently has a price-to-earnings ratio of 8.5. MetroCity Bankshares has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Thursday, October 22nd, 2020 based off prior year’s report dates.

Earnings for MetroCity Bankshares are expected to decrease by -7.69% in the coming year, from $1.30 to $1.20 per share. The P/E ratio of MetroCity Bankshares is 8.48, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 18.69. The P/E ratio of MetroCity Bankshares is 8.48, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 17.40. MetroCity Bankshares has a P/B Ratio of 1.60. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Latest Insiders Trading and Volume : 

  • 32.83%
  • On 9/14/2020 Director Sam Sang-Koo Shim Sell 1,194 at average share price of $13.25 which equates to $15,820.50 in money value.
  • On 9/14/2020 Director Sam Sang-Koo Shim Sell 1,194 at average price of  $13.25 with total value of : $15,820.50
  • On 10/7/2019 Director Feiying Lu Sell 270,000 at average price of  $13.50 with total value of : $3,645,000.00

Other owners latest trading in Metrocity Bankshares Inc :

  • On 8/25/2020 shares held by Nuveen Asset Management LLC were 45,717 which equates to market value of $0.66M and appx 0.00% owners of Metrocity Bankshares Inc
  • On 8/20/2020 shares held by Charles Schwab Investment Management Inc. were 126,067 which equates to market value of $1.81M and appx 0.00% owners of Metrocity Bankshares Inc
  • On 8/14/2020 shares held by Bank of America Corp DE were 8,425 which equates to market value of $0.12M and appx 0.00% owners of Metrocity Bankshares Inc
  • In total Institutional ownership equates to Institutional Ownership Percentage: 13.90% for Metrocity Bankshares Inc

Analyst at BidaskClub are also talking about :

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  • 10/1/2020 – Vaxart was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating. (View)
  • 10/1/2020 – ViacomCBS was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating. (View)

Metrocity Bankshares Inc (NASDAQ:MCBS) Moving Average Technical Analysis

5 day Moving Average is $13.10 And 5 day price change is $1.24 (10.06%)  with average volume for 5 day average is 14,800. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $12.92 and 20 day price change is -$0.43 (-3.07%) and average 20 day moving volume is 23,400. 50 day moving average is $13.60  and 50 day price change is -$0.06 ( -0.44%)  and with average volume for 50 days is : 25,670. 200 day moving average is $13.48  and 200 day price change is -$3.48 (-20.42%)  and with average volume for 200 days is : 61,350.

See More Analyst Rating at: RATING