Mountain Commerce Bancorp (OTCMKTS:MCBI) Stock Crosses Above 200 Day Moving Average – Here’s Why

Mountain Commerce Bancorp, Inc. (OTCMKTS:MCBI) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $20.13 and traded as high as $20.90. Mountain Commerce Bancorp shares last traded at $20.90, with a volume of 100 shares trading hands.

Mountain Commerce Bancorp Stock Performance

The company’s 50 day simple moving average is $20.27 and its 200-day simple moving average is $20.13.

Mountain Commerce Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 4th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.3%. This is a boost from Mountain Commerce Bancorp’s previous quarterly dividend of $0.05. Mountain Commerce Bancorp’s dividend payout ratio is 12.50%.

About Mountain Commerce Bancorp

Mountain Commerce Bancorp, Inc operates as the holding company for Mountain Commerce Bank that provides banking services for small- and medium-sized businesses, professionals, and affluent individuals. It offers checking and savings accounts; certificates of deposit; and mortgage loans, personal loans and lines of credit, commercial real estate loans, small business administration loans, equipment lending, operating lines of credit, and credit cards.