MetroCity Bankshares (MCBS) Declares $0.25 Quarterly Dividend with 3.51% Yield
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6d ago
0mins
Source: seekingalpha
- Quarterly Dividend Announcement: MetroCity Bankshares has declared a quarterly dividend of $0.25 per share, maintaining consistency with previous distributions, which reflects the company's stable cash flow and profitability.
- Yield Performance: The forward yield of 3.51% provides investors with a relatively attractive return, enhancing the company's appeal in the competitive banking sector.
- Shareholder Rights Assurance: The dividend will be payable on February 13, with a record date of February 4 and an ex-dividend date also on February 4, ensuring shareholders receive timely returns and boosting investor confidence.
- Financial Health Indicator: The dividend payment underscores MetroCity Bankshares' robust financial condition, supporting its strategy for continued shareholder returns in the future and further solidifying its market position.
Analyst Views on MCBS
Wall Street analysts forecast MCBS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MCBS is 31.00 USD with a low forecast of 31.00 USD and a high forecast of 31.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
0 Buy
1 Hold
0 Sell
Hold
Current: 27.310
Low
31.00
Averages
31.00
High
31.00
Current: 27.310
Low
31.00
Averages
31.00
High
31.00
About MCBS
MetroCity Bankshares, Inc. is a bank holding company. It operates through its banking subsidiary, Metro City Bank (the Bank), which is a Georgia state-chartered commercial bank. It offers a suite of loan and deposit products. The Bank operates over 30 full-service branches and two loan production offices across Alabama, California, Florida, Georgia, New Jersey, New York, Texas, and Virginia. It offers customary banking services, such as consumer and commercial checking accounts, savings accounts, certificates of deposit, commercial and consumer loans, including single-family residential loans, money transfers and a variety of other banking services. It offers traditional depository products, including checking, savings, money market and certificates of deposits. It also offers a full suite of online banking solutions, including access to account balances, online transfers, online bill payment and electronic delivery of customer statements, and mobile banking solutions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
