MainStreet Bancshares (MNSB) to Release Quarterly Earnings on Monday

MainStreet Bancshares (NASDAQ:MNSB) is anticipated to announce its earnings results before the market opens on Monday, January 27th. Analysts expect the company to announce earnings of $0.21 per share for the quarter.

MainStreet Bancshares (NASDAQ:MNSB) last announced its earnings results on Monday, October 28th. The company reported ($0.04) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.04). MainStreet Bancshares had a net margin of 8.34% and a return on equity of 5.77%. The company had revenue of $34.48 million during the quarter, compared to analysts’ expectations of $16.03 million. During the same quarter in the previous year, the business posted $0.77 earnings per share. On average, analysts expect MainStreet Bancshares to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

MainStreet Bancshares Price Performance

Shares of MainStreet Bancshares stock opened at $17.50 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $133 million, a price-to-earnings ratio of 14.58 and a beta of 0.58. MainStreet Bancshares has a twelve month low of $14.97 and a twelve month high of $22.00. The company has a 50-day simple moving average of $18.14 and a two-hundred day simple moving average of $17.73.

MainStreet Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were given a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.29%. MainStreet Bancshares’s payout ratio is 33.33%.

Insider Buying and Selling

In related news, insider Michael B. Baboval sold 2,892 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $18.25, for a total value of $52,779.00. Following the completion of the transaction, the insider now owns 4,392 shares of the company’s stock, valued at $80,154. The trade was a 39.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have purchased 743 shares of company stock valued at $13,966 over the last 90 days. 9.20% of the stock is owned by corporate insiders.

About MainStreet Bancshares

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.