MetroCity Bankshares, Inc. (NASDAQ:MCBS) Announces Quarterly Dividend of $0.25

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

MetroCity Bankshares has raised its dividend payment by an average of 0.0%annually over the last three years. MetroCity Bankshares has a payout ratio of 35.5% meaning its dividend is sufficiently covered by earnings.

MetroCity Bankshares Trading Up 5.2%

MetroCity Bankshares stock opened at $28.48 on Thursday. MetroCity Bankshares has a 52-week low of $24.24 and a 52-week high of $32.80. The company has a market cap of $725.67 million, a P/E ratio of 11.04 and a beta of 0.72. The company has a quick ratio of 1.18, a current ratio of 1.27 and a debt-to-equity ratio of 0.95. The business has a 50-day simple moving average of $26.98 and a two-hundred day simple moving average of $27.73.

About MetroCity Bankshares

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.