MetroCity Bankshares (NASDAQ:MCBS – Get Rating) issued its quarterly earnings data on Monday. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.08), MarketWatch Earnings reports. The firm had revenue of $45.74 million for the quarter. MetroCity Bankshares had a return on equity of 21.96% and a net margin of 43.93%.
MetroCity Bankshares Price Performance
MetroCity Bankshares stock traded down $0.63 during trading hours on Tuesday, hitting $20.24. 25,829 shares of the stock were exchanged, compared to its average volume of 27,529. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.23 and a current ratio of 1.23. The stock has a market capitalization of $512.25 million, a P/E ratio of 7.41 and a beta of 0.61. MetroCity Bankshares has a 12 month low of $18.61 and a 12 month high of $26.99. The business’s 50-day moving average is $21.61 and its two-hundred day moving average is $21.12.
MetroCity Bankshares Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 10th. Shareholders of record on Wednesday, February 1st will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 3.56%. This is a boost from MetroCity Bankshares’s previous quarterly dividend of $0.15. The ex-dividend date is Tuesday, January 31st. MetroCity Bankshares’s dividend payout ratio is currently 21.98%.
Institutional Trading of MetroCity Bankshares
About MetroCity Bankshares
MetroCity Bankshares, Inc is a bank holding company, which engages in the provision of commercial bank services. The firm offers customary banking services as consumer and commercial checking accounts, savings accounts, certificates of deposit, commercial and consumer loans, single family residential loans, and money transfers services.
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