Short Interest in MainStreet Bancshares, Inc. (NASDAQ:MNSB) Declines By 13.7%

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

Insider Buying and Selling at MainStreet Bancshares

In other MainStreet Bancshares news, insider Michael B. Baboval sold 2,892 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were 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 in the company, valued at approximately $80,154. The trade was a 39.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders purchased 743 shares of company stock worth $13,966. 9.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Fourthstone LLC bought a new stake in shares of MainStreet Bancshares during the 3rd quarter valued at about $1,441,000. Geode Capital Management LLC lifted its holdings in MainStreet Bancshares by 1.3% in the third 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 during the period. Salzhauer Michael boosted its position in MainStreet Bancshares by 11.2% during the 4th quarter. Salzhauer Michael now owns 41,995 shares of the company’s stock valued at $760,000 after acquiring an additional 4,213 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of MainStreet Bancshares by 1.8% during the 4th quarter. Empowered Funds LLC now owns 33,064 shares of the company’s stock worth $598,000 after acquiring an additional 592 shares during the period. Finally, GSA Capital Partners LLP raised its position in shares of MainStreet Bancshares by 53.1% in the 3rd quarter. GSA Capital Partners LLP now owns 21,149 shares of the company’s stock worth $390,000 after acquiring an additional 7,332 shares in the last quarter. 52.29% of the stock is currently owned by institutional investors.

MainStreet Bancshares Stock Up 1.1 %

NASDAQ MNSB opened at $17.36 on Thursday. MainStreet Bancshares has a 1 year low of $14.97 and a 1 year high of $20.88. The stock has a market capitalization of $131.94 million, a PE ratio of 14.47 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 business’s 50-day moving average is $18.10 and its 200 day moving average is $17.75.

MainStreet Bancshares (NASDAQ:MNSB) last released its quarterly earnings data on Monday, January 27th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.33). MainStreet Bancshares had a return on equity of 5.77% and a net margin of 8.34%. Sell-side analysts forecast that MainStreet Bancshares will post 0.84 earnings per share for the current year.

MainStreet Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, February 17th. Investors of record on Monday, February 10th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend is Monday, February 10th. MainStreet Bancshares’s dividend payout ratio (DPR) is currently 33.33%.

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.