MainStreet Bancshares (NASDAQ:MNSBP) Stock Price Down 0.4% – Here’s What Happened

MainStreet Bancshares, Inc. (NASDAQ:MNSBP) shares fell 0.4% during mid-day trading on Monday . The stock traded as low as $25.13 and last traded at $25.1490. 413 shares were traded during trading, a decline of 73% from the average daily volume of 1,541 shares. The stock had previously closed at $25.25.

MainStreet Bancshares Price Performance

The business has a 50-day moving average price of $25.12 and a 200-day moving average price of $24.98.

MainStreet Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 7.5%. The ex-dividend date was Monday, June 15th.

Institutional Investors Weigh In On MainStreet Bancshares

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Deutsche Bank AG purchased a new stake in MainStreet Bancshares in the 2nd quarter valued at about $128,000. Bank of New York Mellon Corp acquired a new stake in MainStreet Bancshares during the 2nd quarter worth approximately $430,000. GSA Capital Partners LLP purchased a new position in MainStreet Bancshares in the second quarter valued at $574,000. Finally, BlackRock Inc. acquired a new position in MainStreet Bancshares during the 2nd quarter worth $9,976,000.

MainStreet Bancshares Company Profile

MainStreet Bancshares, Inc is a bank holding company headquartered in Stanwood, Washington, that provides commercial and consumer banking services through its subsidiary, MainStreet Bank. The company’s core activities include deposit-taking, lending, and treasury management, with an emphasis on personalized customer relationships. Through branch offices and digital channels, MainStreet Bancshares aims to serve small to mid-sized businesses, professionals, and individuals across its markets.

MainStreet Bancshares offers a range of deposit products, including checking accounts, savings accounts, money market accounts, certificates of deposit and individual retirement accounts.