MainStreet Bancshares, Inc. (NASDAQ:MNSB) Short Interest Update

MainStreet Bancshares, Inc. (NASDAQ:MNSB) was the recipient of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 18,300 shares, a decrease of 13.7% from the December 15th total of 21,200 shares. Based on an average trading volume of 9,100 shares, the days-to-cover ratio is currently 2.0 days. Currently, 0.3% of the shares of the stock are sold short.

Insider Buying and Selling

In other MainStreet Bancshares news, insider Michael B. Baboval sold 2,892 shares of MainStreet Bancshares stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $18.25, for a total value of $52,779.00. Following the sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last quarter, insiders purchased 743 shares of company stock worth $13,966. 9.20% of the stock is owned by insiders.

Institutional Trading of MainStreet Bancshares

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Cubist Systematic Strategies LLC purchased a new position in shares of MainStreet Bancshares during the second quarter worth approximately $97,000. JPMorgan Chase & Co. increased its holdings in MainStreet Bancshares by 4,811.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,743 shares of the company’s stock worth $161,000 after purchasing an additional 8,565 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in MainStreet Bancshares during the 2nd quarter valued at $162,000. Squarepoint Ops LLC purchased a new stake in shares of MainStreet Bancshares in the 2nd quarter worth $186,000. Finally, Barclays PLC grew its position in shares of MainStreet Bancshares by 34.0% during the 3rd quarter. Barclays PLC now owns 16,759 shares of the company’s stock worth $310,000 after buying an additional 4,256 shares in the last quarter. Hedge funds and other institutional investors own 52.29% of the company’s stock.

MainStreet Bancshares Trading Up 2.1 %

Shares of NASDAQ:MNSB traded up $0.34 during trading on Friday, hitting $16.82. The company had a trading volume of 9,935 shares, compared to its average volume of 7,829. The stock has a market cap of $127.83 million, a price-to-earnings ratio of 14.02 and a beta of 0.58. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.08 and a quick ratio of 1.08. The company has a fifty day simple moving average of $18.21 and a two-hundred day simple moving average of $17.73. MainStreet Bancshares has a one year low of $14.97 and a one year high of $22.58.

MainStreet Bancshares (NASDAQ:MNSB) last posted 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). MainStreet Bancshares had a net margin of 8.34% and a return on equity of 5.77%. The business had revenue of $34.48 million for 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. As a group, equities analysts forecast that MainStreet Bancshares will post 0.84 earnings per share for the current year.

MainStreet Bancshares Dividend Announcement

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

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.