MainStreet Bancshares, Inc. (NASDAQ:MNSB – Get Free Report) declared a quarterly dividend on Tuesday, April 23rd, Zacks reports. Stockholders 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 annualized dividend and a dividend yield of 2.60%. The ex-dividend date of this dividend is Thursday, May 2nd.
MainStreet Bancshares has a dividend payout ratio of 19.5% indicating that its dividend is sufficiently covered by earnings. Research 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 3.3 %
NASDAQ MNSB traded down $0.53 on Thursday, hitting $15.36. 3,551 shares of the stock were exchanged, compared to its average volume of 21,354. The company has a market cap of $116.89 million, a PE ratio of 6.14 and a beta of 0.45. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.37. MainStreet Bancshares has a fifty-two week low of $15.20 and a fifty-two week high of $25.97. The company has a 50-day moving average price of $17.77 and a 200-day moving average price of $20.15.
Analyst Upgrades and Downgrades
Separately, TheStreet downgraded shares of MainStreet Bancshares from a “b-” rating to a “c+” rating in a research note on Monday, March 4th.
Get Our Latest Report on MainStreet Bancshares
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.
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