MainStreet Bank (MNSB) To Go Ex-Dividend on November 10th

MainStreet Bank (NASDAQ:MNSB) announced a quarterly dividend on Tuesday, October 27th. Shareholders of record on Tuesday, November 10th will be paid a dividend of $0.10 per share on Tuesday, November 17th. This represents a $0.40 annualized dividend and a yield of 1.9%. The ex-dividend date is Tuesday, November 10th.

MainStreet Bank has a payout ratio of 18.6% meaning its dividend is sufficiently covered by earnings.

MainStreet Bank Price Performance

Shares of MainStreet Bank stock opened at $21.42 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.06 and a current ratio of 1.06. The firm’s 50-day simple moving average is $24.64 and its 200-day simple moving average is $23.38. MainStreet Bank has a twelve month low of $17.86 and a twelve month high of $25.86. The firm has a market cap of $152.51 million, a P/E ratio of 10.98 and a beta of 0.57.

MainStreet Bank (NASDAQ:MNSB) last posted its earnings results on Monday, October 26th. The company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.03). The business had revenue of $19.45 million during the quarter, compared to the consensus estimate of $21.80 million. MainStreet Bank had a net margin of 13.24% and a return on equity of 9.16%.

MainStreet Bank Company Profile

MainStreet Bank is a community bank headquartered in Fairfax, Virginia, and the banking subsidiary of MainStreet Bancshares, Inc, which trades on the Nasdaq under the symbol MNSB. The bank serves businesses, professionals and individuals in Northern Virginia and the broader Washington, DC, metropolitan area.

The bank provides commercial and consumer banking services, including business and personal checking and savings accounts, certificates of deposit, commercial real estate loans, business loans, residential lending and consumer credit.