MetroCorp Bancshares Lowered to Hold at Sandler O’Neill (MCBI)
MetroCorp Bancshares (NASDAQ:MCBI) was downgraded by investment analysts at Sandler O’Neill to a “hold” rating in a note issued to investors on Monday, StockRatingsNetwork reports.
Shares of MetroCorp Bancshares (NASDAQ:MCBI) opened at 13.84 on Monday. MetroCorp Bancshares has a 1-year low of $8.70 and a 1-year high of $13.94. The stock has a 50-day moving average of $10.65 and a 200-day moving average of $10.38. The company has a market cap of $254.2 million and a price-to-earnings ratio of 22.61.
Other equities research analysts have also recently issued reports about the stock. Analysts at Keefe, Bruyette & Woods upgraded shares of MetroCorp Bancshares (NASDAQ:MCBI) from a “market perform” rating to an “outperform” rating in a research note to investors on Monday.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.58%. The ex-dividend date is Thursday, September 26th.
MetroCorp Bancshares, Inc, is a holding company for MetroBank, National Association (NASDAQ:MCBI).
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