MainStreet Bank (MNSB) To Go Ex-Dividend on May 4th

MainStreet Bank (NASDAQ:MNSB) declared a quarterly dividend on Tuesday, April 21st. Stockholders of record on Monday, May 4th will be given a dividend of 0.10 per share on Monday, May 11th. This represents a c) annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Monday, May 4th.

MainStreet Bank has a dividend payout ratio of 18.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect MainStreet Bank to earn $2.40 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 16.7%.

MainStreet Bank Stock Up 1.9%

MNSB stock opened at $23.87 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market capitalization of $174.73 million, a P/E ratio of 11.99 and a beta of 0.56. MainStreet Bank has a 52-week low of $17.86 and a 52-week high of $25.17. The company’s 50 day simple moving average is $22.62 and its 200-day simple moving average is $21.01.

MainStreet Bank (NASDAQ:MNSB) last posted its quarterly earnings data on Monday, April 20th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.03. The firm had revenue of $1.39 million for the quarter, compared to analysts’ expectations of $20.30 million. MainStreet Bank had a net margin of 12.94% and a return on equity of 9.11%. As a group, equities research analysts anticipate that MainStreet Bank will post 2.18 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MNSB. Mendon Capital Advisors Corp lifted its position in MainStreet Bank by 22.8% in the 4th quarter. Mendon Capital Advisors Corp now owns 47,312 shares of the company’s stock worth $963,000 after buying an additional 8,786 shares in the last quarter. Empowered Funds LLC increased its stake in shares of MainStreet Bank by 9.6% in the fourth quarter. Empowered Funds LLC now owns 31,362 shares of the company’s stock worth $639,000 after acquiring an additional 2,755 shares during the last quarter. Bridgeway Capital Management LLC raised its holdings in shares of MainStreet Bank by 17.7% during the fourth quarter. Bridgeway Capital Management LLC now owns 60,742 shares of the company’s stock worth $1,237,000 after acquiring an additional 9,155 shares in the last quarter. Trexquant Investment LP acquired a new stake in MainStreet Bank during the fourth quarter valued at $239,000. Finally, Squarepoint Ops LLC acquired a new stake in MainStreet Bank during the fourth quarter valued at $701,000. 52.29% of the stock is owned by hedge funds and other institutional investors.

About MainStreet Bank

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.