MainStreet Bancshares, Inc. (NASDAQ:MNSB) Sees Large Decrease in Short Interest

MainStreet Bancshares, Inc. (NASDAQ:MNSB) was the recipient of a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 18,300 shares, a drop of 13.7% from the December 15th total of 21,200 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 9,100 shares, the short-interest ratio is presently 2.0 days.

Insider Buying and Selling

In related news, insider Michael B. Baboval sold 2,892 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $18.25, for a total transaction of $52,779.00. Following the completion of the transaction, 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders acquired a total of 743 shares of company stock valued at $13,966 over the last 90 days. Insiders own 9.20% of the company’s stock.

Institutional Trading of MainStreet Bancshares

Institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC increased its stake in shares of MainStreet Bancshares by 1.3% during the third 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. Barclays PLC increased its stake 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 in the last quarter. Squarepoint Ops LLC purchased a new stake in shares of MainStreet Bancshares during the second quarter worth about $186,000. Cubist Systematic Strategies LLC purchased a new stake in shares of MainStreet Bancshares during the second quarter worth about $97,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of MainStreet Bancshares during the second quarter worth about $162,000. Hedge funds and other institutional investors own 52.29% of the company’s stock.

MainStreet Bancshares Stock Down 1.4 %

MNSB opened at $16.48 on Friday. MainStreet Bancshares has a fifty-two week low of $14.97 and a fifty-two week high of $22.79. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.08 and a current ratio of 1.08. The company has a fifty day moving average of $18.26 and a two-hundred day moving average of $17.74. The stock has a market capitalization of $125.25 million, a price-to-earnings ratio of 13.73 and a beta of 0.58.

MainStreet Bancshares (NASDAQ:MNSB) last released its quarterly earnings data 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 company had revenue of $34.48 million during the quarter, compared to analysts’ expectations of $16.03 million. During the same quarter in the previous year, the company earned $0.77 earnings per share. On average, research analysts expect that MainStreet Bancshares will post 0.84 earnings per share for the current year.

MainStreet Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were paid a dividend of $0.10 per share. The ex-dividend date was Tuesday, November 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.43%. MainStreet Bancshares’s dividend payout ratio is currently 33.33%.

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.