MainStreet Bancshares, Inc. (NASDAQ:MNSB) Insider Michael B. Baboval Sells 2,892 Shares

MainStreet Bancshares, Inc. (NASDAQ:MNSB) insider Michael B. Baboval sold 2,892 shares of the firm’s 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 transaction, the insider now owns 4,392 shares of the company’s stock, valued at $80,154. This trade represents a 39.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

MainStreet Bancshares Stock Up 0.3 %

Shares of NASDAQ:MNSB opened at $18.40 on Friday. The company’s fifty day moving average is $17.99 and its 200-day moving average is $17.35. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.08 and a current ratio of 1.08. MainStreet Bancshares, Inc. has a 52 week low of $14.97 and a 52 week high of $25.97. The company has a market capitalization of $139.90 million, a PE ratio of 15.33 and a beta of 0.57.

MainStreet Bancshares (NASDAQ:MNSB) last released its quarterly earnings results on Monday, October 28th. The company reported ($0.04) EPS for the quarter, meeting analysts’ consensus estimates of ($0.04). The firm had revenue of $34.48 million for the quarter, compared to analyst estimates of $16.03 million. MainStreet Bancshares had a net margin of 8.34% and a return on equity of 5.77%. During the same period in the previous year, the business earned $0.77 earnings per share. Equities research analysts predict that MainStreet Bancshares, Inc. will post 0.93 earnings per share for the current fiscal year.

MainStreet Bancshares Dividend Announcement

The firm also recently declared 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. The ex-dividend date was Tuesday, November 12th. This represents a $0.40 dividend on an annualized basis and a yield of 2.17%. MainStreet Bancshares’s dividend payout ratio is 33.33%.

Hedge Funds Weigh In On MainStreet Bancshares

Institutional investors have recently bought and sold shares of the business. Mendon Capital Advisors Corp grew its holdings in shares of MainStreet Bancshares by 3.3% during the second quarter. Mendon Capital Advisors Corp now owns 18,365 shares of the company’s stock worth $326,000 after purchasing an additional 585 shares during the last quarter. Geode Capital Management LLC lifted its position in MainStreet Bancshares by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 62,970 shares of the company’s stock worth $1,162,000 after buying an additional 826 shares in the last quarter. Vanguard Group Inc. grew its holdings in MainStreet Bancshares by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 371,671 shares of the company’s stock worth $6,750,000 after acquiring an additional 2,971 shares during the last quarter. Barclays PLC increased its position in MainStreet Bancshares by 34.0% in the 3rd quarter. Barclays PLC now owns 16,759 shares of the company’s stock valued at $310,000 after acquiring an additional 4,256 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in shares of MainStreet Bancshares in the second quarter worth about $97,000. Institutional investors own 52.29% of the company’s stock.

About MainStreet Bancshares

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.