MainStreet Bancshares, Inc. (NASDAQ:MNSB – Get Free Report) announced a quarterly dividend on Tuesday, April 23rd, Zacks reports. Investors of record on Friday, May 3rd will be paid a dividend of 0.10 per share on Friday, May 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date is Thursday, May 2nd.
MainStreet Bancshares has a dividend payout ratio of 19.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect MainStreet Bancshares to earn $2.18 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 18.3%.
MainStreet Bancshares Stock Down 1.8 %
MNSB stock traded down $0.29 during midday trading on Thursday, hitting $15.60. The company’s stock had a trading volume of 7,457 shares, compared to its average volume of 21,418. 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 twelve month low of $15.20 and a twelve month high of $25.97. The company’s fifty day moving average price is $17.77 and its 200 day moving average price is $20.15. The stock has a market capitalization of $118.72 million, a P/E ratio of 6.14 and a beta of 0.45.
Analyst Upgrades and Downgrades
Separately, TheStreet downgraded shares of MainStreet Bancshares from a “b-” rating to a “c+” rating in a research report on Monday, March 4th.
Get Our Latest Research Report on MNSB
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.
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