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

MainStreet Bancshares, Inc. (NASDAQ:MNSB) declared a quarterly dividend on Monday, July 29th, Zacks reports. Stockholders of record on Friday, August 9th will be given a dividend of 0.10 per share on Friday, August 16th. This represents a $0.40 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend is Friday, August 9th.

MainStreet Bancshares has a payout ratio of 27.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect MainStreet Bancshares to earn $1.45 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 27.6%.

MainStreet Bancshares Price Performance

MainStreet Bancshares stock opened at $17.43 on Wednesday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.37. The stock has a market cap of $132.64 million, a P/E ratio of 6.73 and a beta of 0.57. The company has a 50-day moving average price of $17.12 and a 200 day moving average price of $17.77. MainStreet Bancshares has a 12-month low of $14.97 and a 12-month high of $25.97.

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.