MainStreet Bancshares (NASDAQ:MNSBP) Trading 0.3% Higher – Should You Buy?

MainStreet Bancshares, Inc. (NASDAQ:MNSBPGet Free Report) rose 0.3% during trading on Monday . The stock traded as high as $24.90 and last traded at $24.60. Approximately 1,425 shares were traded during mid-day trading, a decline of 17% from the average daily volume of 1,713 shares. The stock had previously closed at $24.52.

MainStreet Bancshares Stock Performance

The company has a 50 day moving average price of $24.62 and a 200 day moving average price of $24.34.

MainStreet Bancshares (NASDAQ:MNSBPGet Free Report) last posted its earnings results on Monday, January 27th. The company reported $0.61 earnings per share for the quarter. The firm had revenue of $18.07 million during the quarter.

MainStreet Bancshares Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 15th will be given a dividend of $0.4688 per share. The ex-dividend date is Monday, December 15th. This represents a $1.88 dividend on an annualized basis and a yield of 7.6%.

About MainStreet Bancshares

(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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