Geode Capital Management LLC Raises Stake in MainStreet Bancshares, Inc. (NASDAQ:MNSB)

Geode Capital Management LLC boosted its position in shares of MainStreet Bancshares, Inc. (NASDAQ:MNSB) by 1.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 62,970 shares of the company’s stock after acquiring an additional 826 shares during the period. Geode Capital Management LLC’s holdings in MainStreet Bancshares were worth $1,162,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Acadian Asset Management LLC grew its stake in shares of MainStreet Bancshares by 48.0% during the second quarter. Acadian Asset Management LLC now owns 78,465 shares of the company’s stock worth $1,390,000 after purchasing an additional 25,431 shares in the last quarter. Fourthstone LLC purchased a new stake in MainStreet Bancshares during the 3rd quarter worth about $1,441,000. GSA Capital Partners LLP boosted its position in shares of MainStreet Bancshares by 53.1% during the 3rd quarter. GSA Capital Partners LLP now owns 21,149 shares of the company’s stock worth $390,000 after acquiring an additional 7,332 shares in the last quarter. Mendon Capital Advisors Corp boosted its position in shares of MainStreet Bancshares by 3.3% during the 2nd quarter. Mendon Capital Advisors Corp now owns 18,365 shares of the company’s stock worth $326,000 after acquiring an additional 585 shares in the last quarter. Finally, Barclays PLC increased 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 acquiring an additional 4,256 shares during the last quarter. 52.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at MainStreet Bancshares

In other MainStreet Bancshares 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 transaction, the insider now directly owns 4,392 shares of the company’s stock, valued at approximately $80,154. This trade represents a 39.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders purchased 743 shares of company stock worth $13,966 over the last 90 days. Corporate insiders own 9.20% of the company’s stock.

MainStreet Bancshares Price Performance

MNSB stock opened at $17.17 on Friday. The business has a 50 day moving average price of $18.33 and a 200 day moving average price of $17.77. 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 stock has a market cap of $130.54 million, a price-to-earnings ratio of 14.31 and a beta of 0.58. MainStreet Bancshares, Inc. has a fifty-two week low of $14.97 and a fifty-two week high of $24.09.

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, hitting 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 for the quarter, compared to analysts’ expectations of $16.03 million. During the same quarter last year, the company earned $0.77 earnings per share. Equities research analysts anticipate that MainStreet Bancshares, Inc. will post 0.84 earnings per share for the current fiscal year.

MainStreet Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were given a $0.10 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $0.40 dividend on an annualized basis and a yield of 2.33%. MainStreet Bancshares’s dividend payout ratio (DPR) is presently 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.