MainStreet Bancshares, Inc. (NASDAQ:MNSB) Short Interest Up 20.1% in March

MainStreet Bancshares, Inc. (NASDAQ:MNSB) was the target of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 22,700 shares, an increase of 20.1% from the February 28th total of 18,900 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily volume of 9,900 shares, the short-interest ratio is presently 2.3 days.

Institutional Investors Weigh In On MainStreet Bancshares

Several hedge funds have recently added to or reduced their stakes in the business. Barclays PLC lifted its holdings in shares of MainStreet Bancshares by 34.0% during the third quarter. Barclays PLC now owns 16,759 shares of the company’s stock worth $310,000 after purchasing an additional 4,256 shares during the period. Geode Capital Management LLC lifted its holdings 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 during the period. JPMorgan Chase & Co. grew its position in shares of MainStreet Bancshares by 4,811.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,743 shares of the company’s stock valued at $161,000 after buying an additional 8,565 shares during the last quarter. Empowered Funds LLC raised its position in shares of MainStreet Bancshares by 1.8% during the fourth 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 last quarter. Finally, Salzhauer Michael lifted its stake in shares of MainStreet Bancshares by 11.2% in the fourth quarter. Salzhauer Michael now owns 41,995 shares of the company’s stock worth $760,000 after acquiring an additional 4,213 shares during the period. 52.29% of the stock is currently owned by institutional investors and hedge funds.

MainStreet Bancshares Price Performance

Shares of NASDAQ MNSB traded up $0.12 during midday trading on Wednesday, reaching $16.87. 13,583 shares of the company were exchanged, compared to its average volume of 19,328. The stock’s 50-day moving average price is $16.74 and its 200-day moving average price is $17.62. The stock has a market cap of $130.37 million, a P/E ratio of -10.48 and a beta of 0.55. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.37. MainStreet Bancshares has a one year low of $14.97 and a one year high of $20.88.

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 negative net margin of 7.24% and a positive return on equity of 2.96%. On average, sell-side analysts anticipate that MainStreet Bancshares will post 1.1 earnings per share for the current fiscal year.

MainStreet Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, February 17th. Stockholders of record on Monday, February 10th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.37%. The ex-dividend date was Monday, February 10th. MainStreet Bancshares’s dividend payout ratio (DPR) is currently -24.84%.

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.