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

by · The Markets Daily

MainStreet Bank (NASDAQ:MNSB – Get Free Report) announced a quarterly dividend on Tuesday, January 27th. Shareholders of record on Monday, February 9th will be given a dividend of 0.10 per share on Monday, February 16th. This represents a c) annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Monday, February 9th.

MainStreet Bank has a payout ratio of 18.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect MainStreet Bank to earn $1.48 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 27.0%.

MainStreet Bank Stock Up 0.3%

Shares of MNSB traded up $0.06 on Wednesday, hitting $20.67. 52,308 shares of the stock traded hands, compared to its average volume of 42,750. The company has a market capitalization of $159.28 million, a PE ratio of 11.74 and a beta of 0.62. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.07 and a current ratio of 1.07. MainStreet Bank has a one year low of $15.00 and a one year high of $22.98. The business has a 50 day simple moving average of $20.27 and a 200 day simple moving average of $20.31.

MainStreet Bank (NASDAQ:MNSB – Get Free Report) last announced its earnings results on Monday, January 26th. The company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.03). MainStreet Bank had a net margin of 11.51% and a return on equity of 8.37%. The company had revenue of $2.24 million for the quarter, compared to analysts’ expectations of $19.60 million. As a group, equities analysts forecast that MainStreet Bank will post 1.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Wall Street Zen lowered MainStreet Bank from a “buy” rating to a “hold” rating in a research note on Sunday, November 2nd. Zacks Research raised shares of MainStreet Bank from a “strong sell” rating to a “hold” rating in a research note on Monday, December 29th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of MainStreet Bank in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce”.

Read Our Latest Analysis on MainStreet Bank

MainStreet Bank Company Profile

(Get Free Report)

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.

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