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

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

Insider Buying and Selling

In other news, insider Michael B. Baboval sold 2,892 shares of MainStreet Bancshares stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 4,392 shares in the company, valued at approximately $80,154. This trade represents 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 accessible through the SEC website. Insiders have acquired 743 shares of company stock valued at $13,966 over the last quarter. Corporate insiders own 9.20% of the company’s stock.

Institutional Investors Weigh In On MainStreet Bancshares

A number of institutional investors have recently made changes to their positions in the company. Mendon Capital Advisors Corp raised its holdings in MainStreet Bancshares by 3.3% in the 2nd quarter. Mendon Capital Advisors Corp now owns 18,365 shares of the company’s stock worth $326,000 after acquiring an additional 585 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of MainStreet Bancshares by 1.8% in the 4th quarter. Empowered Funds LLC now owns 33,064 shares of the company’s stock worth $598,000 after purchasing an additional 592 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of MainStreet Bancshares by 1.3% in the third 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 last quarter. Salzhauer Michael lifted its holdings in shares of MainStreet Bancshares by 11.2% during the fourth quarter. Salzhauer Michael now owns 41,995 shares of the company’s stock valued at $760,000 after purchasing an additional 4,213 shares in the last quarter. Finally, Barclays PLC boosted its position 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 1.1 %

Shares of NASDAQ:MNSB opened at $17.36 on Thursday. 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 stock has a fifty day simple moving average of $18.10 and a two-hundred day simple moving average of $17.75. MainStreet Bancshares has a 12-month low of $14.97 and a 12-month high of $20.88. The stock has a market capitalization of $131.94 million, a price-to-earnings ratio of 14.47 and a beta of 0.58.

MainStreet Bancshares (NASDAQ:MNSB) last posted its quarterly earnings results on Monday, January 27th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.33). MainStreet Bancshares had a return on equity of 5.77% and a net margin of 8.34%. On average, research analysts anticipate that MainStreet Bancshares will post 0.84 earnings per share for the current fiscal year.

MainStreet Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 17th. Stockholders of record on Monday, February 10th will be paid a $0.10 dividend. The ex-dividend date is Monday, February 10th. This represents a $0.40 annualized dividend and a dividend yield of 2.30%. 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.