MainStreet Bancshares (NASDAQ:MNSB) Announces Quarterly Earnings Results, Misses Estimates By $0.33 EPS

MainStreet Bancshares (NASDAQ:MNSB) released its quarterly earnings results on Monday. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.33), Zacks reports. MainStreet Bancshares had a return on equity of 5.77% and a net margin of 8.34%.

MainStreet Bancshares Stock Down 2.9 %

Shares of NASDAQ:MNSB traded down $0.50 during trading on Monday, hitting $17.00. The company’s stock had a trading volume of 1,962 shares, compared to its average volume of 7,601. The company has a market capitalization of $129.20 million, a PE ratio of 14.17 and a beta of 0.58. MainStreet Bancshares has a fifty-two week low of $14.97 and a fifty-two week high of $21.99. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.08 and a current ratio of 1.08. The stock’s 50-day moving average price is $18.15 and its two-hundred day moving average price is $17.76.

MainStreet Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were given a $0.10 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $0.40 dividend on an annualized basis and a yield of 2.35%. MainStreet Bancshares’s payout ratio is currently 33.33%.

Insider Buying and Selling at MainStreet Bancshares

In other news, insider Michael B. Baboval sold 2,892 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $18.25, for a total value of $52,779.00. Following the completion of the sale, the insider now owns 4,392 shares of the company’s stock, valued at approximately $80,154. The trade was a 39.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders acquired a total of 743 shares of company stock worth $13,966 in the last 90 days. 9.20% of the stock is owned by corporate insiders.

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.