MainStreet Bancshares (NASDAQ:MNSB – Get Free Report) released its quarterly earnings results on Monday. The company reported ($0.04) earnings per share for the quarter, meeting the consensus estimate of ($0.04), Zacks reports. MainStreet Bancshares had a return on equity of 9.00% and a net margin of 12.99%. The firm had revenue of $34.48 million for the quarter, compared to analysts’ expectations of $16.03 million. During the same quarter last year, the firm posted $0.77 EPS.
MainStreet Bancshares Price Performance
Shares of NASDAQ MNSB traded up $0.24 during trading hours on Wednesday, reaching $17.84. 6,216 shares of the stock traded hands, compared to its average volume of 23,577. The company has a market capitalization of $135.62 million, a P/E ratio of 14.87 and a beta of 0.56. 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 52-week low of $14.97 and a 52-week high of $25.97. The company’s 50-day simple moving average is $17.68 and its two-hundred day simple moving average is $17.17.
MainStreet Bancshares Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th will be issued a dividend of $0.10 per share. The ex-dividend date is Tuesday, November 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.24%. MainStreet Bancshares’s dividend payout ratio is 33.33%.
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.
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