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

MetroCity Bankshares, Inc. (NASDAQ:MCBS) announced 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 annualized dividend and a yield of 3.41%. The ex-dividend date is Wednesday, April 30th.

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

MetroCity Bankshares Stock Performance

Shares of MetroCity Bankshares stock opened at $26.99 on Friday. The firm has a market cap of $685.63 million, a P/E ratio of 10.75 and a beta of 0.51. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.24 and a quick ratio of 1.24. The firm has a 50 day simple moving average of $28.20 and a 200 day simple moving average of $30.74. MetroCity Bankshares has a fifty-two week low of $22.25 and a fifty-two week high of $36.15.

MetroCity Bankshares (NASDAQ:MCBS) last announced its quarterly earnings data on Tuesday, January 21st. The company reported $0.63 earnings per share 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 quarter in the previous year, the company posted $0.65 earnings per share.

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.