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 2.62%. The ex-dividend date is Thursday, May 2nd.

MainStreet Bancshares has a dividend payout ratio of 19.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect MainStreet Bancshares to earn $1.79 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 22.3%.

MainStreet Bancshares Stock Down 4.1 %

MNSB stock opened at $15.25 on Tuesday. The company has a market cap of $116.05 million, a price-to-earnings ratio of 5.89 and a beta of 0.45. The company has a fifty day moving average price of $17.58 and a 200 day moving average price of $20.07. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.09 and a quick ratio of 1.09. MainStreet Bancshares has a 12 month low of $15.20 and a 12 month high of $25.97.

Analyst Upgrades and Downgrades

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

MainStreet Bancshares 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.