MetroCity Bankshares, Inc. to Issue Quarterly Dividend of $0.29 (NASDAQ:MCBS)

MetroCity Bankshares, Inc. (NASDAQ:MCBSGet Free Report) announced a quarterly dividend on Wednesday, July 15th. Shareholders of record on Wednesday, July 29th will be given a dividend of 0.29 per share on Friday, August 7th. This represents a c) annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Wednesday, July 29th.

MetroCity Bankshares has raised its dividend payment by an average of 0.2%annually over the last three years. MetroCity Bankshares has a payout ratio of 41.1% meaning its dividend is sufficiently covered by earnings.

MetroCity Bankshares Price Performance

MetroCity Bankshares stock opened at $35.83 on Thursday. The firm has a market capitalization of $1.03 billion, a P/E ratio of 12.94 and a beta of 0.70. MetroCity Bankshares has a one year low of $24.53 and a one year high of $37.46. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.21 and a quick ratio of 1.20. The business has a fifty day moving average price of $33.94 and a 200-day moving average price of $30.70.

MetroCity Bankshares (NASDAQ:MCBSGet Free Report) last released its quarterly earnings data on Friday, April 24th. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.07. MetroCity Bankshares had a return on equity of 15.09% and a net margin of 28.16%.The company had revenue of $50.84 million for the quarter, compared to analyst estimates of $50.80 million.

MetroCity Bankshares Company Profile

(Get Free Report)

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.

Further Reading

Dividend History for MetroCity Bankshares (NASDAQ:MCBS)

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