MainStreet Bancshares, Inc. to Issue Quarterly Dividend of $0.10 (NASDAQ:MNSB)

MainStreet Bancshares, Inc. (NASDAQ:MNSB) announced a quarterly dividend on Tuesday, October 29th, Wall Street Journal reports. Stockholders of record on Tuesday, November 12th will be paid a dividend of 0.10 per share on Tuesday, November 19th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date is Tuesday, November 12th.

MainStreet Bancshares has a payout ratio of 45.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect MainStreet Bancshares to earn $1.01 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 39.6%.

MainStreet Bancshares Stock Up 1.4 %

Shares of NASDAQ:MNSB traded up $0.24 during midday trading on Wednesday, hitting $17.84. The stock had a trading volume of 6,216 shares, compared to its average volume of 23,577. The company has a market cap of $135.62 million, a P/E ratio of 14.87 and a beta of 0.56. MainStreet Bancshares has a 12 month low of $14.97 and a 12 month high of $25.97. The business’s 50-day simple moving average is $17.68 and its 200-day simple moving average is $17.17. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.37.

MainStreet Bancshares (NASDAQ:MNSB) last posted its quarterly earnings results on Monday, October 28th. The company reported ($0.04) EPS for the quarter, hitting analysts’ consensus estimates of ($0.04). MainStreet Bancshares had a return on equity of 9.00% and a net margin of 12.99%. The business had revenue of $34.48 million during the quarter, compared to analysts’ expectations of $16.03 million. During the same quarter last year, the company posted $0.77 earnings per share. On average, sell-side analysts forecast that MainStreet Bancshares will post 0.95 earnings per share for the current fiscal year.

MainStreet Bancshares Company Profile

MainStreet Bancshares, Inc operates as the bank holding company for MainStreet Bank that provides various banking products and services for individuals, small to medium-sized businesses, and professional service organizations. The company offers demand, NOW, money market, savings, and sweep accounts, as well as certificates of deposit; business and consumer checking, interest-bearing checking, business account analysis, and other depository services; and cash management, wire transfer, check imaging, bill pay, remote deposit capture, and courier services.