MetroCity Bankshares, Inc. (NASDAQ:MCBS) Declares $0.23 Quarterly Dividend

MetroCity Bankshares, Inc. (NASDAQ:MCBS - Get Free Report) declared a quarterly dividend on Wednesday, April 16th, RTT News reports. Shareholders of record on Wednesday, April 30th will be given a dividend of 0.23 per share on Friday, May 9th. This represents a $0.92 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date of this dividend is Wednesday, April 30th.

MetroCity Bankshares has a payout ratio of 32.6% meaning its dividend is sufficiently covered by earnings.

MetroCity Bankshares Stock Up 1.9 %

Shares of MCBS stock traded up $0.52 during trading hours on Monday, reaching $27.51. The company had a trading volume of 49,315 shares, compared to its average volume of 39,767. The company has a market capitalization of $698.84 million, a P/E ratio of 10.96 and a beta of 0.51. The stock's fifty day simple moving average is $28.09 and its 200 day simple moving average is $30.75. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.24 and a current ratio of 1.24. MetroCity Bankshares has a twelve month low of $22.25 and a twelve month high of $36.15.

MetroCity Bankshares (NASDAQ:MCBS - Get Free Report) last issued its earnings results on Tuesday, January 21st. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.61 by $0.02. MetroCity Bankshares had a return on equity of 15.98% and a net margin of 27.33%. During the same period last year, the business posted $0.65 earnings per share.

MetroCity Bankshares Company Profile

MetroCity Bankshares, Inc operates as the bank holding company for Metro City Bank that engages in the provision of banking products and services in the United States. It offers customary banking services, such as consumer and commercial checking accounts, savings, and money market accounts, as well as certificates of deposit.