MainStreet Bancshares (NASDAQ:MNSB) Releases Quarterly Earnings Results, Misses Estimates By $0.33 EPS

MainStreet Bancshares (NASDAQ:MNSB) released its quarterly earnings results on Monday. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.33), Zacks reports. MainStreet Bancshares had a return on equity of 5.77% and a net margin of 8.34%.

MainStreet Bancshares Price Performance

Shares of MNSB stock opened at $16.84 on Monday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.37. MainStreet Bancshares has a 12-month low of $14.97 and a 12-month high of $21.99. The firm has a fifty day moving average of $18.15 and a 200-day moving average of $17.76. The firm has a market capitalization of $127.95 million, a price-to-earnings ratio of 14.13 and a beta of 0.58.

MainStreet Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend was Tuesday, November 12th. MainStreet Bancshares’s dividend payout ratio is currently 33.33%.

Insider Buying and Selling

In other news, insider Michael B. Baboval sold 2,892 shares of the 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 sale, the insider now owns 4,392 shares of the company’s stock, valued at $80,154. This represents a 39.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders have acquired 743 shares of company stock valued at $13,966. 9.20% of the stock is owned by company insiders.

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.