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

MainStreet Bancshares, Inc. (NASDAQ:MNSB) declared a quarterly dividend on Wednesday, January 29th,Wall Street Journal reports. Investors 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 annualized dividend and a yield of 2.30%. The ex-dividend date is Monday, February 10th.

MainStreet Bancshares has a payout ratio of 32.0% meaning its dividend is sufficiently covered by earnings. 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 Up 1.1 %

MNSB traded up $0.19 on Wednesday, hitting $17.36. 8,372 shares of the company were exchanged, compared to its average volume of 7,651. MainStreet Bancshares has a twelve month low of $14.97 and a twelve month high of $20.88. The company has a market cap of $131.94 million, a price-to-earnings ratio of 14.47 and a beta of 0.58. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.37. The firm has a 50-day moving average price of $18.11 and a two-hundred day moving average price of $17.75.

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

Insiders Place Their Bets

In other news, insider Michael B. Baboval sold 2,892 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $18.25, for a total value of $52,779.00. Following the completion of the sale, the insider now directly owns 4,392 shares of the company’s stock, valued at approximately $80,154. The trade was a 39.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders acquired 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.