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

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

MainStreet Bancshares has a dividend payout ratio of 32.0% meaning its dividend is sufficiently covered by earnings. Equities 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 Price Performance

Shares of NASDAQ MNSB traded up $0.19 during midday trading on Wednesday, hitting $17.36. The stock had a trading volume of 8,372 shares, compared to its average volume of 7,651. MainStreet Bancshares has a 1 year low of $14.97 and a 1 year high of $20.88. The company has a market capitalization of $131.94 million, a PE ratio of 14.47 and a beta of 0.58. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.37. The stock has a 50 day simple moving average of $18.11 and a 200-day simple moving average of $17.75.

MainStreet Bancshares (NASDAQ:MNSB) last announced its quarterly earnings data on Monday, January 27th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates 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, sell-side analysts expect that MainStreet Bancshares will post 0.84 EPS for the current fiscal year.

Insider Buying and Selling

In other MainStreet Bancshares news, insider Michael B. Baboval sold 2,892 shares of MainStreet Bancshares stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $18.25, for a total value of $52,779.00. Following the sale, the insider now owns 4,392 shares in the company, valued at $80,154. The trade was a 39.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders have purchased 743 shares of company stock worth $13,966. 9.20% of the stock is owned by corporate insiders.

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.