MainStreet Bancshares, Inc. (NASDAQ:MNSB - Get Free Report) saw a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 18,300 shares, a decline of 13.7% from the December 15th total of 21,200 shares. Based on an average daily trading volume, of 9,100 shares, the days-to-cover ratio is presently 2.0 days. Currently, 0.3% of the shares of the company are short sold.
Insider Buying and Selling at MainStreet Bancshares
In related news, insider Michael B. Baboval sold 2,892 shares of the firm'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 completion of the sale, the insider now owns 4,392 shares in the company, valued at $80,154. This trade represents a 39.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders have bought 743 shares of company stock valued at $13,966. 9.20% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC acquired a new stake in shares of MainStreet Bancshares in the 2nd quarter worth approximately $97,000. Squarepoint Ops LLC purchased a new position in MainStreet Bancshares during the 2nd quarter valued at about $186,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of MainStreet Bancshares during the 2nd quarter worth approximately $162,000. Mendon Capital Advisors Corp grew its holdings in MainStreet Bancshares by 3.3% during the 2nd quarter. Mendon Capital Advisors Corp now owns 18,365 shares of the company's stock valued at $326,000 after buying an additional 585 shares during the last quarter. Finally, GSA Capital Partners LLP increased its position in MainStreet Bancshares by 53.1% during the third quarter. GSA Capital Partners LLP now owns 21,149 shares of the company's stock worth $390,000 after buying an additional 7,332 shares in the last quarter. 52.29% of the stock is currently owned by institutional investors and hedge funds.
MainStreet Bancshares Stock Performance
Shares of MNSB stock traded down $0.24 during trading hours on Thursday, reaching $16.48. 1,094 shares of the company's stock were exchanged, compared to its average volume of 7,699. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.08 and a quick ratio of 1.08. MainStreet Bancshares has a 1 year low of $14.97 and a 1 year high of $22.79. The company has a market cap of $125.25 million, a P/E ratio of 13.73 and a beta of 0.58. The company's 50 day moving average is $18.26 and its two-hundred day moving average is $17.74.
MainStreet Bancshares (NASDAQ:MNSB - Get Free Report) last released its quarterly earnings data on Monday, October 28th. The company reported ($0.04) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.04). The firm had revenue of $34.48 million during the quarter, compared to analysts' expectations of $16.03 million. MainStreet Bancshares had a return on equity of 5.77% and a net margin of 8.34%. During the same quarter in the prior year, the business posted $0.77 earnings per share. Equities research analysts anticipate that MainStreet Bancshares will post 0.84 EPS for the current fiscal year.
MainStreet Bancshares Dividend Announcement
The business 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 2.43%. The ex-dividend date was Tuesday, November 12th. MainStreet Bancshares's dividend payout ratio is currently 33.33%.
About MainStreet Bancshares
(
Get Free Report)
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.
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