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

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

MainStreet Bancshares Price Performance

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 business has a 50-day simple moving average of $18.35 and a 200 day simple moving average of $17.61. The firm has a market cap of $139.13 million, a P/E ratio of 15.25 and a beta of 0.58.

MainStreet Bancshares (NASDAQ:MNSB) last posted its earnings results on Monday, October 28th. The company reported ($0.04) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.04). MainStreet Bancshares had a return on equity of 5.77% and a net margin of 8.34%. The firm had revenue of $34.48 million for the quarter, compared to analysts’ expectations of $16.03 million. During the same period in the previous year, the firm earned $0.77 earnings per share. On average, analysts anticipate that MainStreet Bancshares, Inc. will post 0.84 earnings per share for the current fiscal year.

MainStreet Bancshares Announces Dividend

The business 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 annualized dividend and a yield of 2.19%. MainStreet Bancshares’s dividend payout ratio (DPR) is presently 33.33%.

Insider Transactions at MainStreet Bancshares

In related news, insider Michael B. Baboval sold 2,892 shares of MainStreet Bancshares stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $18.25, for a total transaction of $52,779.00. Following the sale, the insider now directly owns 4,392 shares in the company, valued at $80,154. The trade was a 39.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last ninety days, insiders purchased 743 shares of company stock valued at $13,966. Company insiders own 9.20% of the company’s stock.

Hedge Funds Weigh In On MainStreet Bancshares

A number of institutional investors have recently added to or reduced their stakes in MNSB. Barclays PLC boosted its stake in 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 acquiring an additional 4,256 shares in the last quarter. Geode Capital Management LLC lifted its holdings 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 valued at $1,162,000 after purchasing an additional 826 shares during the last quarter. Fourthstone LLC bought a new stake in shares of MainStreet Bancshares in the 3rd quarter worth approximately $1,441,000. GSA Capital Partners LLP grew its stake in shares of MainStreet Bancshares by 53.1% in the 3rd quarter. GSA Capital Partners LLP now owns 21,149 shares of the company’s stock worth $390,000 after buying an additional 7,332 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in MainStreet Bancshares during the 2nd quarter valued at approximately $97,000. Institutional investors 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.