MainStreet Bancshares, Inc. (MNSB) to Issue Quarterly Dividend of $0.10 on May 10th

MainStreet Bancshares, Inc. (NASDAQ:MNSB) announced a quarterly dividend on Tuesday, April 23rd, Zacks reports. Stockholders of record on Friday, May 3rd will be given a dividend of 0.10 per share on Friday, May 10th. This represents a $0.40 annualized dividend and a dividend yield of 2.56%. The ex-dividend date of this dividend is Thursday, May 2nd.

MainStreet Bancshares has a payout ratio of 19.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect MainStreet Bancshares to earn $2.18 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 18.3%.

MainStreet Bancshares Price Performance

NASDAQ:MNSB traded down $0.29 during trading hours on Thursday, hitting $15.60. The company’s stock had a trading volume of 7,457 shares, compared to its average volume of 21,418. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market capitalization of $118.72 million, a PE ratio of 6.14 and a beta of 0.45. MainStreet Bancshares has a 52-week low of $15.20 and a 52-week high of $25.97. The business’s 50-day moving average is $17.77 and its two-hundred day moving average is $20.15.

MainStreet Bancshares (NASDAQ:MNSB) last released its quarterly earnings data on Monday, January 22nd. The company reported $0.61 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.07). The firm had revenue of $33.94 million during the quarter, compared to analysts’ expectations of $21.03 million. MainStreet Bancshares had a return on equity of 11.56% and a net margin of 16.55%. During the same quarter last year, the business earned $0.95 earnings per share. As a group, research analysts anticipate that MainStreet Bancshares will post 2.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, TheStreet downgraded MainStreet Bancshares from a “b-” rating to a “c+” rating in a report on Monday, March 4th.

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.