MainStreet Bank (MNSB) to Distribute Quarterly Dividend of $0.10 on August 11th

MainStreet Bank (NASDAQ:MNSB) declared a quarterly dividend on Tuesday, July 21st. Investors of record on Tuesday, August 4th will be paid a dividend of 0.10 per share on Tuesday, August 11th. This represents a c) dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Tuesday, August 4th.

MainStreet Bank has a payout ratio of 18.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect MainStreet Bank to earn $2.42 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 16.5%.

MainStreet Bank Price Performance

MNSB stock opened at $23.06 on Friday. The stock has a 50-day moving average price of $23.90 and a two-hundred day moving average price of $22.86. MainStreet Bank has a 12-month low of $17.86 and a 12-month high of $25.28. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.37. The company has a market cap of $164.19 million, a PE ratio of 11.30 and a beta of 0.53.

MainStreet Bank (NASDAQ:MNSB) last announced its quarterly earnings results on Monday, July 20th. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.53 by $0.05. The company had revenue of $19.13 million during the quarter, compared to analyst estimates of $21.10 million. MainStreet Bank had a return on equity of 9.12% and a net margin of 13.24%. As a group, research analysts predict that MainStreet Bank will post 2.26 EPS for the current year.

About MainStreet Bank

MainStreet Bank Group, Inc (NASDAQ: MNSB) is the bank holding company for MainStreet Bank, a community bank headquartered in Westborough, Massachusetts. Through its subsidiary, the company provides a full range of commercial and consumer banking services designed to meet the financial needs of individuals, small businesses, and non-profit organizations. Its core focus is on building long?term relationships within the communities it serves.

MainStreet Bank’s product suite includes deposit accounts such as checking, savings, money market and certificate of deposit offerings, as well as a variety of lending solutions.