Short Interest in MainStreet Bancshares, Inc. (NASDAQ:MNSB) Declines By 13.7%

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

Insider Activity at MainStreet Bancshares

In other MainStreet Bancshares news, insider Michael B. Baboval sold 2,892 shares of MainStreet Bancshares stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $18.25, for a total value of $52,779.00. Following the transaction, the insider now 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 Securities & Exchange Commission, which is available at the SEC website. Insiders have acquired a total of 743 shares of company stock valued at $13,966 over the last ninety days. 9.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On MainStreet Bancshares

Large investors have recently modified their holdings of the business. Cubist Systematic Strategies LLC purchased a new position in shares of MainStreet Bancshares in the 2nd quarter valued at approximately $97,000. JPMorgan Chase & Co. increased its stake in MainStreet Bancshares by 4,811.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,743 shares of the company’s stock valued at $161,000 after purchasing an additional 8,565 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of MainStreet Bancshares in the second quarter worth $162,000. Squarepoint Ops LLC purchased a new position in shares of MainStreet Bancshares in the second quarter worth $186,000. Finally, Barclays PLC grew its holdings in shares of MainStreet Bancshares by 34.0% during the third quarter. Barclays PLC now owns 16,759 shares of the company’s stock valued at $310,000 after buying an additional 4,256 shares during the last quarter. Hedge funds and other institutional investors own 52.29% of the company’s stock.

MainStreet Bancshares Stock Up 2.1 %

Shares of MainStreet Bancshares stock traded up $0.34 on Friday, reaching $16.82. The stock had a trading volume of 9,935 shares, compared to its average volume of 7,829. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $127.83 million, a P/E ratio of 14.02 and a beta of 0.58. The company has a 50 day moving average price of $18.21 and a 200 day moving average price of $17.73. MainStreet Bancshares has a 1 year low of $14.97 and a 1 year high of $22.58.

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

MainStreet Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date was Tuesday, November 12th. MainStreet Bancshares’s dividend payout ratio (DPR) 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.