MainStreet Bancshares (NASDAQ:MNSB) Trading Down 0.7% - Here's What Happened

MainStreet Bancshares, Inc. (NASDAQ:MNSB - Get Free Report) dropped 0.7% on Thursday . The company traded as low as $17.25 and last traded at $17.25. Approximately 4,455 shares changed hands during trading, a decline of 77% from the average daily volume of 19,248 shares. The stock had previously closed at $17.37.

MainStreet Bancshares Trading Up 0.2 %

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 firm has a market cap of $133.85 million, a price-to-earnings ratio of -10.76 and a beta of 0.55. The firm's fifty day moving average is $16.72 and its 200-day moving average is $17.62.

MainStreet Bancshares (NASDAQ:MNSB - Get Free Report) last announced its earnings results on Monday, January 27th. The company reported ($0.12) EPS 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%. Equities analysts anticipate that MainStreet Bancshares, Inc. will post 1.1 earnings per share for the current year.

MainStreet Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 17th. Stockholders of record on Monday, February 10th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.31%. The ex-dividend date was Monday, February 10th. MainStreet Bancshares's dividend payout ratio (DPR) is -24.84%.

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Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Fourthstone LLC bought a new stake in MainStreet Bancshares in the third quarter valued at $1,441,000. Barclays PLC grew its stake in shares of 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 buying an additional 4,256 shares during the period. Geode Capital Management LLC increased its position in MainStreet Bancshares by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 62,970 shares of the company's stock valued at $1,162,000 after buying an additional 826 shares in the last quarter. JPMorgan Chase & Co. increased its position in 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 in the last quarter. Finally, Empowered Funds LLC raised its stake in 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 buying an additional 592 shares during the period. Institutional investors and hedge funds own 52.29% of the company's stock.

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.