MainStreet Bancshares (MNSB) to Release Quarterly Earnings on Monday

MainStreet Bancshares (NASDAQ:MNSB - Get Free Report) will likely be announcing 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 - Get Free Report) last released its quarterly earnings data on Monday, October 28th. The company reported ($0.04) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.04). The company had revenue of $34.48 million for the quarter, compared to the consensus estimate of $16.03 million. MainStreet Bancshares had a return on equity of 5.77% and a net margin of 8.34%. During the same period in the previous year, the business earned $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

MNSB stock traded up $0.34 during trading on Monday, hitting $16.82. The company had a trading volume of 9,935 shares, compared to its average volume of 7,829. The company has a fifty day moving average price of $18.21 and a two-hundred day moving average price of $17.74. MainStreet Bancshares has a fifty-two week low of $14.97 and a fifty-two week high of $22.58. The company has a market cap of $127.83 million, a P/E ratio of 14.02 and a beta of 0.58. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.37.

MainStreet Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.38%. The ex-dividend date was Tuesday, November 12th. MainStreet Bancshares's payout ratio is 33.33%.

Insider Buying and Selling at MainStreet Bancshares

In other MainStreet Bancshares news, insider Michael B. Baboval sold 2,892 shares of the 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 sale, the insider now directly owns 4,392 shares in the company, valued at $80,154. This represents a 39.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders purchased 743 shares of company stock worth $13,966. 9.20% of the stock is currently owned by corporate 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.