MetroCorp Bancshares Inc. Hits New 52-Week High at $13.98 (MCBI)
Shares of MetroCorp Bancshares (NASDAQ:MCBI) hit a new 52-week high during mid-day trading on Monday, Analyst Ratings Network reports. The stock traded as high as $13.98 and last traded at $13.90, with a volume of 30,977 shares trading hands. The stock had previously closed at $13.90.
MCBI has been the subject of a number of recent research reports. Analysts at Raymond James downgraded shares of MetroCorp Bancshares from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday, September 24th. They now have a $12.00 price target on the stock. Separately, analysts at Sandler O’Neill downgraded shares of MetroCorp Bancshares from a “buy” rating to a “hold” rating in a research note to investors on Monday, September 23rd. Finally, analysts at Keefe, Bruyette & Woods upgraded shares of MetroCorp Bancshares from a “market perform” rating to an “outperform” rating in a research note to investors on Monday, September 23rd.
MetroCorp Bancshares has a one year low of $8.70 and a one year high of $13.98. The stock has a 50-day moving average of $12.15 and a 200-day moving average of $10.74. The company has a market cap of $255.6 million and a price-to-earnings ratio of 22.71.
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 0.57%. The ex-dividend date is Thursday, September 26th.
MetroCorp Bancshares, Inc, is a holding company for MetroBank, National Association (NASDAQ:MCBI).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.