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

MainStreet Bancshares, Inc. (NASDAQ:MNSB) declared a quarterly dividend on Monday, July 29th, Zacks reports. Investors of record on Friday, August 9th will be given a dividend of 0.10 per share on Friday, August 16th. This represents a $0.40 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend is Friday, August 9th.

MainStreet Bancshares has a payout ratio of 27.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect MainStreet Bancshares to earn $1.45 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 27.6%.

MainStreet Bancshares Trading Down 1.6 %

Shares of MainStreet Bancshares stock opened at $17.43 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.37. MainStreet Bancshares has a 12-month low of $14.97 and a 12-month high of $25.97. The company has a market capitalization of $132.64 million, a price-to-earnings ratio of 6.73 and a beta of 0.57. The firm’s 50-day moving average price is $17.12 and its two-hundred day moving average price is $17.77.

About MainStreet Bancshares

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.