Mountain Commerce Bancorp (OTCMKTS:MCBI) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Shares of Mountain Commerce Bancorp, Inc. (OTCMKTS:MCBI) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $20.16 and traded as high as $20.49. Mountain Commerce Bancorp shares last traded at $20.49, with a volume of 3,790 shares.

Mountain Commerce Bancorp Price Performance

The stock has a 50-day moving average price of $20.06 and a 200 day moving average price of $20.16.

Mountain Commerce Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 4th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.4%. This is an increase from Mountain Commerce Bancorp’s previous quarterly dividend of $0.05. Mountain Commerce Bancorp’s dividend payout ratio is currently 12.50%.

About Mountain Commerce Bancorp

Mountain Commerce Bancorp, Inc operates as the holding company for Mountain Commerce Bank that provides banking services for small- and medium-sized businesses, professionals, and affluent individuals. It offers checking and savings accounts; certificates of deposit; and mortgage loans, personal loans and lines of credit, commercial real estate loans, small business administration loans, equipment lending, operating lines of credit, and credit cards.