MainStreet Bancshares, Inc. (NASDAQ:MNSB) Sees Large Decline in Short Interest

MainStreet Bancshares, Inc. (NASDAQ:MNSB) saw a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 18,300 shares, a decrease of 13.7% from the December 15th total of 21,200 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily volume of 9,100 shares, the days-to-cover ratio is presently 2.0 days.

Insiders Place Their Bets

In related news, insider Michael B. Baboval sold 2,892 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $18.25, for a total value of $52,779.00. Following the completion of the transaction, the insider now directly owns 4,392 shares in the company, valued at approximately $80,154. This represents a 39.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have acquired a total of 743 shares of company stock valued at $13,966 in the last quarter. 9.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in MNSB. Mendon Capital Advisors Corp grew its position in MainStreet Bancshares by 3.3% during the second quarter. Mendon Capital Advisors Corp now owns 18,365 shares of the company’s stock valued at $326,000 after acquiring an additional 585 shares during the period. Geode Capital Management LLC grew its holdings in shares of MainStreet Bancshares by 1.3% during the 3rd 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 during the period. Barclays PLC grew its holdings in shares of MainStreet Bancshares by 34.0% during the 3rd quarter. Barclays PLC now owns 16,759 shares of the company’s stock worth $310,000 after purchasing an additional 4,256 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in MainStreet Bancshares during the 2nd quarter worth approximately $97,000. Finally, GSA Capital Partners LLP raised its holdings in 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 during the period. 52.29% of the stock is owned by hedge funds and other institutional investors.

MainStreet Bancshares Trading Down 1.4 %

MNSB traded down $0.24 during midday trading on Thursday, hitting $16.48. The company’s stock had a trading volume of 1,094 shares, compared to its average volume of 7,699. MainStreet Bancshares has a 52-week low of $14.97 and a 52-week high of $22.79. The firm has a 50-day moving average price of $18.26 and a two-hundred day moving average price of $17.74. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.37. The firm has a market cap of $125.25 million, a P/E ratio of 13.73 and a beta of 0.58.

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

MainStreet Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were issued a dividend of $0.10 per share. The ex-dividend date was Tuesday, November 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.43%. MainStreet Bancshares’s payout ratio is 33.33%.

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.