MainStreet Bancshares, Inc. (NASDAQ:MNSB) Short Interest Update

MainStreet Bancshares, Inc. (NASDAQ:MNSB - Get Free Report) was the recipient 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. Approximately 0.4% of the company's shares are sold short. Based on an average trading volume of 9,900 shares, the days-to-cover ratio is presently 2.3 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Barclays PLC raised its holdings 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 purchasing an additional 4,256 shares in the last quarter. Geode Capital Management LLC raised its stake in MainStreet Bancshares by 1.3% in the third 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. raised its stake in MainStreet Bancshares by 4,811.8% in the third 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. Empowered Funds LLC lifted its holdings 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 last quarter. Finally, Salzhauer Michael boosted its position in shares of MainStreet Bancshares by 11.2% during the 4th quarter. Salzhauer Michael now owns 41,995 shares of the company's stock worth $760,000 after acquiring an additional 4,213 shares in the last quarter. Institutional investors and hedge funds own 52.29% of the company's stock.

MainStreet Bancshares Trading Down 4.5 %

Shares of NASDAQ:MNSB traded down $0.74 during mid-day trading on Monday, reaching $15.62. 18,751 shares of the company were exchanged, compared to its average volume of 19,351. The firm has a market cap of $120.71 million, a price-to-earnings ratio of -9.70 and a beta of 0.43. 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 $20.88. The firm's 50-day simple moving average is $16.70 and its 200 day simple moving average is $17.60.

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 analysts' consensus estimates 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 research analysts forecast that MainStreet Bancshares will post 1.1 EPS for the current year.

MainStreet Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, February 17th. Investors of record on Monday, February 10th were paid a $0.10 dividend. The ex-dividend date was Monday, February 10th. This represents a $0.40 dividend on an annualized basis and a yield of 2.56%. MainStreet Bancshares's dividend payout ratio 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.