MetroCity Bankshares, Inc. (MCBS) To Go Ex-Dividend on February 4th

MetroCity Bankshares, Inc. (NASDAQ:MCBS) declared a quarterly dividend on Wednesday, January 21st. Investors of record on Wednesday, February 4th will be given a dividend of 0.25 per share on Friday, February 13th. This represents a c) dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Wednesday, February 4th.

MetroCity Bankshares has raised its dividend payment by an average of 0.0%annually over the last three years. MetroCity Bankshares has a payout ratio of 35.5% meaning its dividend is sufficiently covered by earnings.

MetroCity Bankshares Price Performance

Shares of NASDAQ MCBS opened at $28.62 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.27 and a debt-to-equity ratio of 0.95. The business’s 50 day moving average price is $27.03 and its two-hundred day moving average price is $27.74. The company has a market cap of $729.24 million, a PE ratio of 11.09 and a beta of 0.72. MetroCity Bankshares has a twelve month low of $24.24 and a twelve month high of $32.37.

Institutional Investors Weigh In On MetroCity Bankshares

A number of hedge funds and other institutional investors have recently modified their holdings of MCBS. American Century Companies Inc. grew its stake in shares of MetroCity Bankshares by 13.6% in the second quarter. American Century Companies Inc. now owns 430,922 shares of the company’s stock valued at $12,316,000 after acquiring an additional 51,523 shares in the last quarter. Los Angeles Capital Management LLC grew its position in shares of MetroCity Bankshares by 511.7% during the 2nd quarter. Los Angeles Capital Management LLC now owns 49,741 shares of the company’s stock worth $1,422,000 after purchasing an additional 41,610 shares in the last quarter. Creative Planning bought a new position in shares of MetroCity Bankshares during the second quarter worth approximately $815,000. Jane Street Group LLC acquired a new stake in shares of MetroCity Bankshares in the first quarter valued at approximately $717,000. Finally, CIBC Bancorp USA Inc. bought a new stake in shares of MetroCity Bankshares in the third quarter valued at approximately $612,000. Institutional investors and hedge funds own 25.33% of the company’s stock.

About MetroCity Bankshares

MetroCity Bankshares, Inc is a bank holding company headquartered in Houston, Texas. Through its wholly owned subsidiary, MetroCity Bank, the company provides a range of banking and financial services to individuals and businesses. MetroCity Bankshares focuses on community banking, leveraging local expertise to support the financial needs of the greater Houston metropolitan area.

MetroCity Bank offers traditional deposit products, including checking and savings accounts, money market accounts and certificates of deposit.