MainStreet Bancshares, Inc. (NASDAQ:MNSB - Get Free Report) shares rose 0.5% on Thursday . The company traded as high as $18.61 and last traded at $18.30. Approximately 9,463 shares traded hands during mid-day trading, a decline of 57% from the average daily volume of 21,774 shares. The stock had previously closed at $18.20.
MainStreet Bancshares Price Performance
The stock's 50-day simple moving average is $18.35 and its two-hundred day simple moving average is $17.61. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $142.94 million, a price-to-earnings ratio of 15.67 and a beta of 0.58.
MainStreet Bancshares (NASDAQ:MNSB - Get Free Report) last announced its quarterly earnings results on Monday, October 28th. The company reported ($0.04) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.04). MainStreet Bancshares had a net margin of 8.34% and a return on equity of 5.77%. The business had revenue of $34.48 million during the quarter, compared to analysts' expectations of $16.03 million. During the same period last year, the business earned $0.77 earnings per share. Equities research analysts predict that MainStreet Bancshares, Inc. will post 0.84 earnings per share for the current year.
MainStreet Bancshares Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.13%. The ex-dividend date was Tuesday, November 12th. MainStreet Bancshares's payout ratio is currently 33.33%.
Insiders Place Their Bets
In related news, insider Michael B. Baboval sold 2,892 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $18.25, for a total transaction of $52,779.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders bought 743 shares of company stock worth $13,966. 9.20% of the stock is owned by insiders.
Hedge Funds Weigh In On MainStreet Bancshares
A number of hedge funds have recently made changes to their positions in the business. Barclays PLC lifted its holdings in MainStreet Bancshares by 34.0% in the third quarter. Barclays PLC now owns 16,759 shares of the company's stock worth $310,000 after acquiring an additional 4,256 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of 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 purchasing an additional 826 shares in the last quarter. Fourthstone LLC bought a new stake in shares of MainStreet Bancshares during the 3rd quarter worth about $1,441,000. GSA Capital Partners LLP boosted its holdings in MainStreet Bancshares by 53.1% during the third quarter. GSA Capital Partners LLP now owns 21,149 shares of the company's stock valued at $390,000 after acquiring an additional 7,332 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of MainStreet Bancshares in the second quarter valued at approximately $97,000. Hedge funds and other institutional investors own 52.29% of the company's stock.
MainStreet Bancshares Company Profile
(
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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