MainStreet Bancshares, Inc. (MNSB) to Issue Quarterly Dividend of $0.10 on February 17th

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 paid a dividend of 0.10 per share on Monday, February 17th. This represents a $0.40 annualized dividend and a dividend yield of 2.36%. The ex-dividend date of this dividend is Monday, February 10th.

MainStreet Bancshares has a dividend payout ratio of 32.0% meaning its dividend is sufficiently covered by earnings. 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, reaching $16.96. The stock had a trading volume of 15,312 shares, compared to its average volume of 8,085. The firm’s 50-day moving average price is $18.10 and its 200 day moving average price is $17.75. MainStreet Bancshares has a 12 month low of $14.97 and a 12 month high of $20.88. 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 $128.95 million, a PE ratio of 14.13 and a beta of 0.58.

MainStreet Bancshares (NASDAQ:MNSB) last issued its quarterly earnings data on Monday, January 27th. The company reported ($0.12) earnings per share (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%. As a group, research analysts predict that MainStreet Bancshares will post 0.84 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Michael B. Baboval sold 2,892 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 4,392 shares in the company, 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 through this hyperlink. Insiders bought a total of 743 shares of company stock valued at $13,966 over the last 90 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.