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

MainStreet Bancshares, Inc. (NASDAQ:MNSB) declared 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 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend is Monday, February 10th.

MainStreet Bancshares has a payout ratio of 32.0% meaning 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 Stock Performance

MainStreet Bancshares stock traded down $0.40 during midday trading on Thursday, hitting $16.96. The stock had a trading volume of 15,312 shares, compared to its average volume of 8,085. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.37. MainStreet Bancshares has a 52-week low of $14.97 and a 52-week high of $20.88. The firm’s fifty day moving average is $18.10 and its two-hundred day moving average is $17.75. The company has a market capitalization of $128.95 million, a PE ratio of 14.13 and a beta of 0.58.

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

Insider Activity

In other news, insider Michael B. Baboval sold 2,892 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $18.25, for a total value of $52,779.00. Following the sale, the insider now directly owns 4,392 shares in the company, valued at approximately $80,154. This represents a 39.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders purchased 743 shares of company stock valued at $13,966 in the last ninety days. 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.