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

MainStreet Bancshares, Inc. (NASDAQ:MNSB) declared a quarterly dividend on Wednesday, January 29th,Wall Street Journal reports. Shareholders of record on Monday, February 10th will be paid a dividend of 0.10 per share on Monday, February 17th. This represents a $0.40 annualized dividend and a yield of 2.30%. The ex-dividend date is Monday, February 10th.

MainStreet Bancshares has a payout ratio of 32.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect MainStreet Bancshares to earn $1.02 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 39.2%.

MainStreet Bancshares Trading Up 1.1 %

NASDAQ MNSB opened at $17.36 on Thursday. The stock has a market capitalization of $131.94 million, a price-to-earnings ratio of 14.47 and a beta of 0.58. MainStreet Bancshares has a one year low of $14.97 and a one year high of $20.88. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.08 and a quick ratio of 1.08. The business’s fifty day moving average is $18.10 and its 200-day moving average is $17.75.

MainStreet Bancshares (NASDAQ:MNSB) last released its earnings results on Monday, January 27th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.33). MainStreet Bancshares had a return on equity of 5.77% and a net margin of 8.34%. Equities research analysts predict that MainStreet Bancshares will post 0.84 EPS for the current year.

Insider Transactions at MainStreet Bancshares

In other news, insider Michael B. Baboval sold 2,892 shares of MainStreet Bancshares stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $18.25, for a total transaction of $52,779.00. Following the sale, the insider now directly owns 4,392 shares in the company, valued at $80,154. The trade was a 39.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have acquired 743 shares of company stock worth $13,966 in the last ninety days. Company insiders own 9.20% of the company’s stock.

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.