MainStreet Bancshares (NASDAQ:MNSB) Issues Quarterly Earnings Results, Misses Estimates By $0.33 EPS

MainStreet Bancshares (NASDAQ:MNSB) released its quarterly earnings data on Monday. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.33), Zacks reports. MainStreet Bancshares had a return on equity of 5.77% and a net margin of 8.34%.

MainStreet Bancshares Stock Performance

MNSB traded down $0.50 on Monday, hitting $17.00. 1,962 shares of the company’s stock were exchanged, compared to its average volume of 7,601. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.37. The stock has a fifty day moving average of $18.15 and a two-hundred day moving average of $17.76. MainStreet Bancshares has a twelve month low of $14.97 and a twelve month high of $21.99. The firm has a market cap of $129.20 million, a PE ratio of 14.17 and a beta of 0.58.

MainStreet Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date was Tuesday, November 12th. MainStreet Bancshares’s dividend payout ratio is presently 33.33%.

Insider Activity

In related news, insider Michael B. Baboval sold 2,892 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $18.25, for a total value of $52,779.00. Following the sale, the insider now owns 4,392 shares of the company’s stock, valued at $80,154. This trade represents a 39.70 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders purchased 743 shares of company stock valued at $13,966. 9.20% of the stock is currently owned by insiders.

MainStreet Bancshares Company Profile

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.