MainStreet Bancshares (NASDAQ:MNSBP) Shares Down 0.6% – What’s Next?

MainStreet Bancshares, Inc. (NASDAQ:MNSBP) shares were down 0.6% on Tuesday . The company traded as low as $24.80 and last traded at $24.80. Approximately 563 shares were traded during mid-day trading, a decline of 61% from the average daily volume of 1,439 shares. The stock had previously closed at $24.96.

MainStreet Bancshares Stock Down 0.6%

The stock’s 50 day simple moving average is $24.69 and its 200 day simple moving average is $24.61.

MainStreet Bancshares Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Monday, December 15th were paid a $0.4688 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 7.6%. The ex-dividend date of this dividend was Monday, December 15th.

MainStreet Bancshares Company Profile

MainStreet Bancshares, Inc is a bank holding company headquartered in Stanwood, Washington, that provides commercial and consumer banking services through its subsidiary, MainStreet Bank. The company’s core activities include deposit-taking, lending, and treasury management, with an emphasis on personalized customer relationships. Through branch offices and digital channels, MainStreet Bancshares aims to serve small to mid-sized businesses, professionals, and individuals across its markets.

MainStreet Bancshares offers a range of deposit products, including checking accounts, savings accounts, money market accounts, certificates of deposit and individual retirement accounts.