MainStreet Bancshares, Inc. (MNSB) To Go Ex-Dividend on November 12th

MainStreet Bancshares, Inc. (NASDAQ:MNSB) declared a quarterly dividend on Tuesday, October 29th,Wall Street Journal reports. Stockholders of record on Tuesday, November 12th will be given a dividend of 0.10 per share on Tuesday, November 19th. This represents a $0.40 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend is Tuesday, November 12th.

MainStreet Bancshares has a dividend payout ratio of 45.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect MainStreet Bancshares to earn $0.88 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 45.5%.

MainStreet Bancshares Price Performance

MNSB opened at $17.95 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.37. MainStreet Bancshares has a 1 year low of $14.97 and a 1 year high of $25.97. The stock has a fifty day moving average price of $17.83 and a 200 day moving average price of $17.22. The stock has a market cap of $136.42 million, a price-to-earnings ratio of 14.96 and a beta of 0.57.

MainStreet Bancshares (NASDAQ:MNSB) last announced its quarterly earnings results on Monday, October 28th. The company reported ($0.04) EPS for the quarter, meeting the consensus estimate of ($0.04). The business had revenue of $34.48 million during the quarter, compared to analysts’ expectations of $16.03 million. MainStreet Bancshares had a return on equity of 5.79% and a net margin of 8.34%. During the same quarter in the previous year, the business posted $0.77 EPS. Analysts forecast that MainStreet Bancshares will post 0.93 EPS for the current fiscal year.

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.