78,116 Shares in MainStreet Bancshares, Inc. (NASDAQ:MNSB) Bought by Fourthstone LLC

Fourthstone LLC acquired a new stake in MainStreet Bancshares, Inc. (NASDAQ:MNSB) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 78,116 shares of the company’s stock, valued at approximately $1,441,000. Fourthstone LLC owned about 1.03% of MainStreet Bancshares at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Mendon Capital Advisors Corp lifted its stake in shares of MainStreet Bancshares by 3.3% in the second 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. Vanguard Group Inc. raised its position in shares of MainStreet Bancshares by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 371,671 shares of the company’s stock valued at $6,750,000 after purchasing an additional 2,971 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of MainStreet Bancshares during the 2nd quarter valued at approximately $97,000. GSA Capital Partners LLP grew its position in shares of MainStreet Bancshares by 53.1% during the third 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 in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of MainStreet Bancshares in the second quarter worth $162,000. 52.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at MainStreet Bancshares

In other MainStreet Bancshares news, insider Michael B. Baboval sold 2,892 shares of the 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 sale, the insider now directly owns 4,392 shares of the company’s stock, valued at approximately $80,154. This represents a 39.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 9.20% of the company’s stock.

MainStreet Bancshares Stock Down 1.1 %

MNSB traded down $0.20 during trading on Thursday, hitting $18.42. The company had a trading volume of 3,219 shares, compared to its average volume of 22,252. MainStreet Bancshares, Inc. has a 1-year low of $14.97 and a 1-year high of $25.97. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market cap of $140.05 million, a PE ratio of 15.35 and a beta of 0.57. The business has a 50-day moving average of $18.06 and a 200-day moving average of $17.39.

MainStreet Bancshares (NASDAQ:MNSB) last issued 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 business had revenue of $34.48 million for the quarter, compared to analyst estimates of $16.03 million. MainStreet Bancshares had a net margin of 8.34% and a return on equity of 5.77%. During the same quarter in the prior year, the business posted $0.77 EPS. As a group, analysts forecast that MainStreet Bancshares, Inc. will post 0.93 earnings per share for the current year.

MainStreet Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend was Tuesday, November 12th. MainStreet Bancshares’s dividend payout ratio 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.