MainStreet Bancshares (NASDAQ:MNSB) Issues Quarterly Earnings Results

MainStreet Bancshares (NASDAQ:MNSBGet Free Report) released its quarterly earnings data on Monday. The company reported ($0.04) earnings per share for the quarter, hitting the consensus estimate of ($0.04), Zacks reports. The business had revenue of $34.48 million during the quarter, compared to analyst estimates of $16.03 million. MainStreet Bancshares had a return on equity of 9.00% and a net margin of 12.99%. During the same period last year, the company posted $0.77 EPS.

MainStreet Bancshares Trading Up 1.4 %

Shares of NASDAQ:MNSB traded up $0.24 during mid-day trading on Thursday, hitting $17.84. The stock had a trading volume of 6,216 shares, compared to its average volume of 23,577. The company has a market cap of $135.62 million, a PE ratio of 14.87 and a beta of 0.56. MainStreet Bancshares has a 12-month low of $14.97 and a 12-month high of $25.97. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.09 and a current ratio of 1.09. The company’s 50 day moving average is $17.71 and its 200-day moving average is $17.17.

MainStreet Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.40 annualized dividend and a yield of 2.24%. MainStreet Bancshares’s payout ratio is presently 33.33%.

MainStreet Bancshares Company Profile

(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.

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Earnings History for MainStreet Bancshares (NASDAQ:MNSB)

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