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

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

MetroCity Bankshares has increased its dividend payment by an average of 0.0%per year over the last three years. MetroCity Bankshares has a dividend payout ratio of 35.5% indicating that its dividend is sufficiently covered by earnings.

MetroCity Bankshares Stock Performance

MetroCity Bankshares stock opened at $28.17 on Monday. MetroCity Bankshares has a 1-year low of $24.24 and a 1-year high of $32.37. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.27 and a quick ratio of 1.18. The firm has a 50 day simple moving average of $27.28 and a 200-day simple moving average of $27.63. The stock has a market cap of $717.77 million, a price-to-earnings ratio of 10.71 and a beta of 0.72.

MetroCity Bankshares (NASDAQ:MCBS) last announced its earnings results on Friday, January 30th. The company reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.05). The business had revenue of $43.74 million during the quarter, compared to analysts’ expectations of $44.50 million. MetroCity Bankshares had a net margin of 27.93% and a return on equity of 15.73%.

Wall Street Analyst Weigh In

MCBS has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of MetroCity Bankshares in a research report on Friday, January 9th. Keefe, Bruyette & Woods dropped their price objective on MetroCity Bankshares from $33.00 to $31.00 and set a “market perform” rating for the company in a report on Tuesday, October 21st. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $31.00.

MetroCity Bankshares Company Profile

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.