MainStreet Bank (NASDAQ:MNSB – Get Free Report) declared a quarterly dividend on Tuesday, October 27th. Investors of record on Tuesday, November 10th will be given a dividend of $0.10 per share on Tuesday, November 17th. This represents a $0.40 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Tuesday, November 10th.
MainStreet Bank has a payout ratio of 18.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect MainStreet Bank to earn $2.12 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 18.9%.
MainStreet Bank Stock Performance
NASDAQ MNSB opened at $22.10 on Friday. The firm has a 50-day moving average price of $24.18 and a two-hundred day moving average price of $23.44. MainStreet Bank has a 12-month low of $17.86 and a 12-month high of $25.86. The company has a market capitalization of $157.35 million, a P/E ratio of 11.33 and a beta of 0.59. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.37.
MainStreet Bank (NASDAQ:MNSB – Get Free Report) last released its quarterly earnings results on Monday, October 26th. The company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.03). The business had revenue of $19.45 million during the quarter, compared to analyst estimates of $21.80 million. MainStreet Bank had a net margin of 12.51% and a return on equity of 8.70%. Analysts anticipate that MainStreet Bank will post 2.09 earnings per share for the current year.
About MainStreet Bank
MainStreet Bank is a community bank headquartered in Fairfax, Virginia, and the banking subsidiary of MainStreet Bancshares, Inc, which trades on the Nasdaq under the symbol MNSB. The bank serves businesses, professionals and individuals in Northern Virginia and the broader Washington, DC, metropolitan area.
The bank provides commercial and consumer banking services, including business and personal checking and savings accounts, certificates of deposit, commercial real estate loans, business loans, residential lending and consumer credit.
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