MainStreet Bank (MNSB) To Go Ex-Dividend on August 4th

MainStreet Bank (NASDAQ:MNSB) announced a quarterly dividend on Tuesday, July 21st. Investors of record on Tuesday, August 4th will be paid a dividend of 0.10 per share on Tuesday, August 11th. This represents a c) annualized dividend and a yield of 1.7%. The ex-dividend date is Tuesday, August 4th.

MainStreet Bank has a dividend payout ratio of 18.6% meaning its dividend is sufficiently covered by earnings. Analysts expect MainStreet Bank to earn $2.42 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 16.5%.

MainStreet Bank Trading Down 0.4%

Shares of MainStreet Bank stock opened at $23.30 on Thursday. The firm has a market cap of $165.90 million, a PE ratio of 11.42 and a beta of 0.53. MainStreet Bank has a 1 year low of $17.86 and a 1 year high of $25.28. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a fifty day moving average price of $23.82 and a 200-day moving average price of $22.72.

MainStreet Bank (NASDAQ:MNSB) last posted its earnings results on Monday, July 20th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.05. MainStreet Bank had a net margin of 13.24% and a return on equity of 9.12%. The firm had revenue of $19.13 million during the quarter, compared to the consensus estimate of $21.10 million. Equities research analysts anticipate that MainStreet Bank will post 2.26 EPS for the current year.

Insider Buying and Selling at MainStreet Bank

In other news, CFO Richard Alexander Vari sold 4,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $23.20, for a total value of $104,400.00. Following the transaction, the chief financial officer owned 34,036 shares in the company, valued at approximately $789,635.20. This trade represents a 11.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 10.17% of the company’s stock.

Hedge Funds Weigh In On MainStreet Bank

Hedge funds and other institutional investors have recently made changes to their positions in the business. Fourthstone LLC lifted its position in MainStreet Bank by 50.6% during the 4th quarter. Fourthstone LLC now owns 767,792 shares of the company’s stock valued at $15,632,000 after acquiring an additional 257,859 shares during the period. Alliancebernstein L.P. lifted its holdings in shares of MainStreet Bank by 2.7% during the third quarter. Alliancebernstein L.P. now owns 674,163 shares of the company’s stock valued at $14,043,000 after purchasing an additional 17,515 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of MainStreet Bank by 20.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 166,633 shares of the company’s stock worth $3,699,000 after purchasing an additional 28,282 shares in the last quarter. Geode Capital Management LLC increased its position in MainStreet Bank by 128.4% during the 2nd quarter. Geode Capital Management LLC now owns 153,516 shares of the company’s stock valued at $2,902,000 after buying an additional 86,303 shares in the last quarter. Finally, UBS Group AG raised its stake in MainStreet Bank by 3,454.5% during the third quarter. UBS Group AG now owns 134,821 shares of the company’s stock valued at $2,808,000 after buying an additional 131,028 shares during the last quarter. Institutional investors own 52.29% of the company’s stock.

About MainStreet Bank

MainStreet Bank Group, Inc (NASDAQ: MNSB) is the bank holding company for MainStreet Bank, a community bank headquartered in Westborough, Massachusetts. Through its subsidiary, the company provides a full range of commercial and consumer banking services designed to meet the financial needs of individuals, small businesses, and non-profit organizations. Its core focus is on building long‐term relationships within the communities it serves.

MainStreet Bank’s product suite includes deposit accounts such as checking, savings, money market and certificate of deposit offerings, as well as a variety of lending solutions.