MetroCity Bankshares, Inc. (NASDAQ:MCBS – Get Free Report) declared a quarterly dividend on Wednesday, July 15th. Shareholders of record on Wednesday, July 29th will be paid a dividend of 0.29 per share on Friday, August 7th. This represents a c) annualized dividend and a yield of 3.2%. The ex-dividend date is Wednesday, July 29th.
MetroCity Bankshares has increased its dividend by an average of 0.2%per year over the last three years. MetroCity Bankshares has a dividend payout ratio of 41.1% meaning its dividend is sufficiently covered by earnings.
MetroCity Bankshares Stock Performance
NASDAQ:MCBS opened at $35.83 on Thursday. The company has a fifty day simple moving average of $33.94 and a two-hundred day simple moving average of $30.70. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 12.94 and a beta of 0.70. The company has a quick ratio of 1.20, a current ratio of 1.21 and a debt-to-equity ratio of 0.77. MetroCity Bankshares has a 52 week low of $24.53 and a 52 week high of $37.46.
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.
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