MainStreet Bancshares, Inc. (NASDAQ:MNSB) Announces $0.10 Quarterly Dividend

MainStreet Bancshares, Inc. (NASDAQ:MNSB) announced a quarterly dividend on Tuesday, January 28th,Wall Street Journal reports. Shareholders of record on Monday, February 10th will be given a dividend of 0.10 per share on Monday, February 17th. This represents a $0.40 annualized dividend and a yield of 2.42%. The ex-dividend date is Monday, February 10th.

MainStreet Bancshares has a dividend payout ratio of 32.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect MainStreet Bancshares to earn $1.25 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 32.0%.

MainStreet Bancshares Stock Performance

Shares of MNSB stock opened at $16.56 on Friday. The stock has a fifty day moving average of $17.84 and a 200 day moving average of $17.68. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $125.86 million, a price-to-earnings ratio of -10.29 and a beta of 0.57. MainStreet Bancshares has a 52 week low of $14.97 and a 52 week high of $20.88.

MainStreet Bancshares (NASDAQ:MNSB) last released its earnings results on Monday, January 27th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of $0.21 by ($0.33). MainStreet Bancshares had a positive return on equity of 2.96% and a negative net margin of 7.24%. As a group, research analysts expect that MainStreet Bancshares will post 1.02 earnings per share for the current year.

Insider Buying and Selling at MainStreet Bancshares

In related news, insider Michael B. Baboval sold 2,892 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $18.25, for a total transaction of $52,779.00. Following the completion of the transaction, the insider now directly owns 4,392 shares of the company’s stock, valued at approximately $80,154. This trade represents a 39.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last ninety days, insiders acquired 743 shares of company stock valued at $13,966. Insiders own 9.20% of the company’s stock.

About MainStreet Bancshares

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.