MetroCity Bankshares, Inc. to Issue Quarterly Dividend of $0.23 (NASDAQ:MCBS)

MetroCity Bankshares, Inc. (NASDAQ:MCBS) declared a quarterly dividend on Wednesday, April 16th, RTT News reports. Investors of record on Wednesday, April 30th will be paid a dividend of 0.23 per share on Friday, May 9th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.45%.

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

MetroCity Bankshares Price Performance

NASDAQ MCBS opened at $26.67 on Thursday. The stock has a market cap of $677.50 million, a price-to-earnings ratio of 10.63 and a beta of 0.51. MetroCity Bankshares has a 12 month low of $22.25 and a 12 month high of $36.15. The company’s 50 day moving average is $28.29 and its two-hundred day moving average is $30.77. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.92.

MetroCity Bankshares (NASDAQ:MCBS) last released its earnings results on Tuesday, January 21st. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. MetroCity Bankshares had a net margin of 27.33% and a return on equity of 15.98%. During the same quarter in the previous year, the business posted $0.65 EPS.

About MetroCity Bankshares

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.