MainStreet Bancshares, Inc. (NASDAQ:MNSB) Announces Quarterly Dividend of $0.10

Posted by Linda Flegge on Jan 30th, 2025

MainStreet Bancshares, Inc. (NASDAQ:MNSB – Get Free Report) announced a quarterly dividend on Wednesday, January 29th,Wall Street Journal reports. Stockholders of record on Monday, February 10th will be paid a dividend of 0.10 per share on Monday, February 17th. This represents a $0.40 annualized dividend and a dividend yield of 2.30%. The ex-dividend date is Monday, February 10th.

MainStreet Bancshares has a payout ratio of 32.0% meaning its dividend is sufficiently covered by earnings. Analysts expect MainStreet Bancshares to earn $1.02 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 39.2%.

MainStreet Bancshares Stock Performance

Shares of MNSB stock opened at $17.36 on Thursday. The company has a market cap of $131.94 million, a price-to-earnings ratio of 14.47 and a beta of 0.58. MainStreet Bancshares has a 52 week low of $14.97 and a 52 week high of $20.88. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.37. The firm has a 50 day moving average of $18.10 and a 200-day moving average of $17.75.

MainStreet Bancshares (NASDAQ:MNSB – Get Free Report) last announced its quarterly earnings data on Monday, January 27th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of $0.21 by ($0.33). MainStreet Bancshares had a return on equity of 5.77% and a net margin of 8.34%. On average, equities analysts forecast that MainStreet Bancshares will post 0.84 earnings per share for the current year.

Insider Transactions at MainStreet Bancshares

In related news, insider Michael B. Baboval sold 2,892 shares of MainStreet Bancshares stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $18.25, for a total value of $52,779.00. Following the completion of the sale, the insider now owns 4,392 shares of the company’s stock, valued at approximately $80,154. This trade represents a 39.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders purchased a total of 743 shares of company stock valued at $13,966 in the last quarter. 9.20% of the stock is currently owned by company insiders.

About MainStreet Bancshares

(Get Free Report)

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.