MainStreet Bancshares (NASDAQ:MNSB) Issues Earnings Results, Meets Expectations

MainStreet Bancshares (NASDAQ:MNSBGet Free Report) issued its quarterly earnings data on Monday. The company reported ($0.04) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.04), Zacks reports. The business had revenue of $34.48 million for the quarter, compared to analysts’ expectations of $16.03 million. MainStreet Bancshares had a return on equity of 9.00% and a net margin of 12.99%. During the same quarter in the prior year, the firm posted $0.77 EPS.

MainStreet Bancshares Price Performance

MNSB traded up $0.24 during trading on Wednesday, reaching $17.84. 6,216 shares of the company were exchanged, compared to its average volume of 23,577. The company’s 50-day moving average is $17.68 and its two-hundred day moving average is $17.17. The company has a market cap of $135.62 million, a price-to-earnings 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 12-month low of $14.97 and a 12-month high of $25.97.

MainStreet Bancshares Announces Dividend

The business 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 of this dividend is Tuesday, November 12th. This represents a $0.40 dividend on an annualized basis and a yield of 2.24%. MainStreet Bancshares’s dividend payout ratio (DPR) is 33.33%.

MainStreet Bancshares Company Profile

(Get Free Report)

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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Earnings History for MainStreet Bancshares (NASDAQ:MNSB)

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