MainStreet Bancshares (NASDAQ:MNSB) Stock Price Down 0.7% – Here’s Why

MainStreet Bancshares, Inc. (NASDAQ:MNSB) fell 0.7% during mid-day trading on Thursday . The stock traded as low as $17.25 and last traded at $17.25. 4,455 shares were traded during mid-day trading, a decline of 77% from the average session volume of 19,248 shares. The stock had previously closed at $17.37.

MainStreet Bancshares Stock Up 0.2 %

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 $16.71 and a 200-day simple moving average of $17.62. The company has a market cap of $133.54 million, a price-to-earnings ratio of -10.73 and a beta of 0.55.

MainStreet Bancshares (NASDAQ:MNSB) last announced its quarterly earnings data on Monday, January 27th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.33). MainStreet Bancshares had a negative net margin of 7.24% and a positive return on equity of 2.96%. On average, equities analysts anticipate that MainStreet Bancshares, Inc. will post 1.1 earnings per share for the current fiscal year.

MainStreet Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 17th. Stockholders of record on Monday, February 10th were given a dividend of $0.10 per share. The ex-dividend date was Monday, February 10th. This represents a $0.40 annualized dividend and a dividend yield of 2.31%. MainStreet Bancshares’s payout ratio is -24.84%.

Institutional Investors Weigh In On MainStreet Bancshares

Several large investors have recently made changes to their positions in MNSB. Cresset Asset Management LLC grew its holdings in shares of MainStreet Bancshares by 0.5% in the 4th quarter. Cresset Asset Management LLC now owns 319,870 shares of the company’s stock worth $5,790,000 after acquiring an additional 1,736 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of MainStreet Bancshares by 6.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 87,909 shares of the company’s stock valued at $1,591,000 after acquiring an additional 5,510 shares in the last quarter. Fourthstone LLC lifted its holdings in shares of MainStreet Bancshares by 7.5% during the fourth quarter. Fourthstone LLC now owns 83,985 shares of the company’s stock valued at $1,520,000 after acquiring an additional 5,869 shares during the period. Geode Capital Management LLC increased its holdings in MainStreet Bancshares by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 63,589 shares of the company’s stock valued at $1,151,000 after purchasing an additional 619 shares in the last quarter. Finally, Mendon Capital Advisors Corp increased its stake in shares of MainStreet Bancshares by 136.1% in the fourth quarter. Mendon Capital Advisors Corp now owns 51,443 shares of the company’s stock valued at $931,000 after buying an additional 29,657 shares in the last quarter. Institutional investors and hedge funds 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.