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

MainStreet Bank (NASDAQ:MNSB) declared 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) annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, August 4th.

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

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

MainStreet Bank (NASDAQ:MNSB) last released its quarterly earnings data on Monday, July 20th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.05. The firm had revenue of $19.13 million during the quarter, compared to analyst estimates of $21.10 million. MainStreet Bank had a return on equity of 9.12% and a net margin of 13.24%. Equities research analysts expect 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.