MainStreet Bancshares (NASDAQ:MNSB) Issues Quarterly Earnings Results

MainStreet Bancshares (NASDAQ:MNSB) 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

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.