MainStreet Bank (MNSB) To Go Ex-Dividend on November 10th

MainStreet Bank (NASDAQ:MNSB) declared a quarterly dividend on Tuesday, October 28th. Investors of record on Tuesday, November 11th will be given a dividend of 0.10 per share on Tuesday, November 18th. This represents a c) dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Monday, November 10th.

MainStreet Bank has a dividend payout ratio of 18.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect MainStreet Bank to earn $1.48 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 27.0%.

MainStreet Bank Stock Down 0.3%

Shares of NASDAQ:MNSB opened at $18.12 on Friday. The stock has a fifty day simple moving average of $20.16 and a two-hundred day simple moving average of $19.91. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $139.71 million, a price-to-earnings ratio of -20.13 and a beta of 0.65. MainStreet Bank has a 12-month low of $15.00 and a 12-month high of $22.98.

MainStreet Bank (NASDAQ:MNSB) last released its quarterly earnings results on Monday, October 27th. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.01. The company had revenue of $18.22 million for the quarter, compared to analyst estimates of $19.40 million. MainStreet Bank had a positive return on equity of 6.12% and a negative net margin of 3.32%. On average, research analysts anticipate that MainStreet Bank will post 1.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of MNSB. Police & Firemen s Retirement System of New Jersey bought a new stake in MainStreet Bank during the 2nd quarter valued at $33,000. JPMorgan Chase & Co. increased its stake in shares of MainStreet Bank by 66,480.0% during the second quarter. JPMorgan Chase & Co. now owns 3,329 shares of the company’s stock valued at $63,000 after buying an additional 3,324 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of MainStreet Bank in the second quarter valued at about $73,000. New York State Common Retirement Fund bought a new stake in shares of MainStreet Bank in the second quarter valued at about $102,000. Finally, Hughes Financial Services LLC purchased a new stake in MainStreet Bank in the first quarter worth about $91,000. 52.29% of the stock is currently owned by hedge funds and other institutional investors.

MainStreet Bank 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.