MainStreet Bancshares (NASDAQ:MNSB) Shares Up 0.5% – Time to Buy?

MainStreet Bancshares, Inc. (NASDAQ:MNSB)’s share price were up 0.5% during trading on Thursday . The stock traded as high as $18.61 and last traded at $18.30. Approximately 9,463 shares were traded during trading, a decline of 57% from the average daily volume of 21,774 shares. The stock had previously closed at $18.20.

MainStreet Bancshares Stock Performance

The company has a market capitalization of $142.94 million, a PE ratio of 15.67 and a beta of 0.58. The firm has a 50-day moving average of $18.37 and a two-hundred day moving average of $17.63. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.37.

MainStreet Bancshares (NASDAQ:MNSB) last issued its quarterly earnings results on Monday, October 28th. The company reported ($0.04) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.04). The company had revenue of $34.48 million for the quarter, compared to the consensus estimate of $16.03 million. MainStreet Bancshares had a return on equity of 5.77% and a net margin of 8.34%. During the same quarter in the prior year, the business posted $0.77 earnings per share. Research analysts anticipate that MainStreet Bancshares, Inc. will post 0.84 EPS for the current year.

MainStreet Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were issued a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $0.40 dividend on an annualized basis and a yield of 2.13%. 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 firm’s stock in a transaction dated 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 sale, the insider now directly owns 4,392 shares in the company, valued at approximately $80,154. This trade represents a 39.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have acquired a total of 743 shares of company stock valued at $13,966 in the last 90 days. 9.20% of the stock is owned by insiders.

Hedge Funds Weigh In On MainStreet Bancshares

Several large investors have recently modified their holdings of MNSB. Barclays PLC raised 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 acquiring an additional 4,256 shares during the period. Geode Capital Management LLC lifted its stake in 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. Fourthstone LLC purchased a new position in shares of MainStreet Bancshares during the third quarter worth $1,441,000. GSA Capital Partners LLP grew its stake in shares of MainStreet Bancshares by 53.1% in the third quarter. GSA Capital Partners LLP now owns 21,149 shares of the company’s stock valued at $390,000 after buying an additional 7,332 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of MainStreet Bancshares in the 2nd quarter valued at $97,000. 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.