MainStreet Bank (NASDAQ:MNSB) to Issue Quarterly Dividend of $0.10

MainStreet Bank (NASDAQ:MNSB) declared a quarterly dividend on Tuesday, October 27th. Investors of record on Tuesday, November 10th will be given a dividend of $0.10 per share on Tuesday, November 17th. This represents a $0.40 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Tuesday, November 10th.

MainStreet Bank has a dividend payout ratio of 18.6% meaning its dividend is sufficiently covered by earnings.

MainStreet Bank Price Performance

MainStreet Bank stock traded down $0.09 during midday trading on Wednesday, hitting $21.41. The company’s stock had a trading volume of 9,065 shares, compared to its average volume of 44,937. The stock’s 50-day moving average price is $24.72 and its 200-day moving average price is $23.38. MainStreet Bank has a 12 month low of $17.86 and a 12 month high of $25.86.

MainStreet Bank (NASDAQ:MNSB) last issued its quarterly earnings results on Monday, October 26th. The company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.17). The business had revenue of $19.45 million for the quarter, compared to the consensus estimate of $21.80 million.

MainStreet Bank Company Profile

MainStreet Bank is a community bank headquartered in Fairfax, Virginia, and the banking subsidiary of MainStreet Bancshares, Inc, which trades on the Nasdaq under the symbol MNSB. The bank serves businesses, professionals and individuals in Northern Virginia and the broader Washington, DC, metropolitan area.

The bank provides commercial and consumer banking services, including business and personal checking and savings accounts, certificates of deposit, commercial real estate loans, business loans, residential lending and consumer credit.