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ATLANTA - MetroCity Bankshares, Inc. (NASDAQ:MCBS) announced Wednesday that its board of directors has declared a quarterly cash dividend of $0.25 per share on its common stock. The bank, currently yielding 3.2%, has maintained dividend payments for 10 consecutive years and raised them for the past 4 years, with a 15% growth in the last twelve months according to InvestingPro.
The dividend will be payable on August 8, 2025, to shareholders of record as of July 30, 2025, according to a company press release. Trading at a P/E ratio of 11, the stock appears undervalued based on InvestingPro’s Fair Value analysis.
MetroCity Bankshares is a Georgia-based bank holding company for Metro City Bank, which operates 20 full-service branch locations across seven states including Alabama, Florida, Georgia, New York, New Jersey, Texas and Virginia.
The bank primarily serves multi-ethnic communities throughout its operational footprint. MetroCity Bankshares trades on the Nasdaq under the ticker symbol MCBS.
In other recent news, MetroCity Bankshares Inc. reported a notable 13% year-over-year increase in net interest income, which contributed to earnings exceeding expectations. This strong financial performance was highlighted by Keefe, Bruyette & Woods analyst Kelly Motta, who maintained a Market Perform rating on the stock but revised the price target to $34 from $36. Despite the downward revision, Motta expressed optimism about MetroCity’s prospects, citing the recent acquisition of First IC as a potential driver for earnings per share growth. Additionally, MetroCity Bankshares held its 2025 Annual Meeting of Shareholders, where several key proposals were passed, including the election of directors and the ratification of Crowe LLP as the independent accounting firm. Shareholders also approved executive compensation and decided to conduct advisory votes on this matter biennially. In another development, MetroCity Bankshares appointed David Shim to its Board of Directors, where he will serve on multiple committees. Shim’s appointment was confirmed by an SEC filing, which also verified his qualifications as an independent director. These developments reflect ongoing strategic decisions and shareholder confidence in MetroCity Bankshares’ management.
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