Insider Buying: MainStreet Bancshares, Inc. (NASDAQ:MNSB) Director Purchases $11,644.00 in Stock

MainStreet Bancshares, Inc. (NASDAQ:MNSB) Director Charles C. Brockett bought 710 shares of MainStreet Bancshares stock in a transaction that occurred on Wednesday, April 24th. The shares were acquired at an average price of $16.40 per share, with a total value of $11,644.00. Following the completion of the transaction, the director now owns 92,318 shares of the company’s stock, valued at $1,514,015.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

MainStreet Bancshares Trading Up 1.9 %

MNSB opened at $15.90 on Friday. The business has a 50 day simple moving average of $17.65 and a two-hundred day simple moving average of $20.09. The firm has a market capitalization of $121.00 million, a price-to-earnings ratio of 6.14 and a beta of 0.45. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.09 and a quick ratio of 1.09. MainStreet Bancshares, Inc. has a one year low of $15.20 and a one year high of $25.97.

MainStreet Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, May 3rd will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, May 2nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.52%. MainStreet Bancshares’s dividend payout ratio (DPR) is 15.44%.

Analysts Set New Price Targets

Separately, TheStreet lowered MainStreet Bancshares from a “b-” rating to a “c+” rating in a research note on Monday, March 4th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. AJOVista LLC purchased a new stake in shares of MainStreet Bancshares in the 4th quarter worth approximately $55,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of MainStreet Bancshares in the 3rd quarter worth approximately $66,000. Barclays PLC grew its stake in shares of MainStreet Bancshares by 27.0% in the 3rd quarter. Barclays PLC now owns 9,517 shares of the company’s stock worth $195,000 after buying an additional 2,025 shares during the last quarter. Provident Wealth Management LLC grew its stake in shares of MainStreet Bancshares by 18.4% in the 1st quarter. Provident Wealth Management LLC now owns 14,554 shares of the company’s stock worth $264,000 after buying an additional 2,260 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of MainStreet Bancshares by 3.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 24,033 shares of the company’s stock worth $494,000 after buying an additional 878 shares during the last quarter. Hedge funds and other institutional investors own 52.29% of the company’s stock.

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.