MainStreet Bank to Issue Quarterly Dividend of $0.10 (NASDAQ:MNSB)

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

MainStreet Bank has a dividend payout ratio of 18.6% indicating that its dividend is sufficiently covered by earnings. Equities 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 0.6%

NASDAQ MNSB traded down $0.14 during trading hours on Wednesday, hitting $23.25. The company’s stock had a trading volume of 38,007 shares, compared to its average volume of 51,177. MainStreet Bank has a twelve month low of $17.86 and a twelve month high of $25.28. The firm has a market capitalization of $165.43 million, a P/E ratio of 11.39 and a beta of 0.53. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The stock has a fifty day moving average of $23.80 and a 200 day moving average of $22.70.

MainStreet Bank (NASDAQ:MNSB) last issued its earnings results on Monday, July 20th. The company reported $0.58 EPS for the quarter, beating 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 company had revenue of $19.13 million during the quarter, compared to analysts’ expectations of $21.10 million. Equities research analysts forecast that MainStreet Bank will post 2.26 earnings per share for the current fiscal year.

MainStreet Bank Company Profile

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.