MainStreet Bancshares (NASDAQ:MNSBP) Shares Down 1.1% – Here’s What Happened

MainStreet Bancshares, Inc. (NASDAQ:MNSBP) shares dropped 1.1% during trading on Wednesday . The stock traded as low as $24.96 and last traded at $24.5290. Approximately 284 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 1,541 shares. The stock had previously closed at $24.80.

MainStreet Bancshares Price Performance

The firm has a 50-day simple moving average of $24.68 and a 200-day simple moving average of $24.62.

MainStreet Bancshares Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Monday, December 15th were issued a dividend of $0.4688 per share. 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.