MainStreet Bancshares, Inc. (NASDAQ:MNSB) Short Interest Down 45.6% in May

MainStreet Bancshares, Inc. (NASDAQ:MNSB – Get Rating) saw a significant drop in short interest during the month of May. As of May 15th, there was short interest totalling 7,400 shares, a drop of 45.6% from the April 30th total of 13,600 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 18,400 shares, the short-interest ratio is currently 0.4 days.

Insider Activity

In other MainStreet Bancshares news, CEO Jeff W. Dick acquired 10,914 shares of the business’s stock in a transaction dated Wednesday, April 26th. The stock was bought at an average cost of $21.40 per share, with a total value of $233,559.60. Following the completion of the transaction, the chief executive officer now directly owns 55,091 shares in the company, valued at approximately $1,178,947.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders acquired a total of 12,614 shares of company stock valued at $269,211 over the last three months. Insiders own 8.45% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Elizabeth Park Capital Advisors Ltd. acquired a new position in shares of MainStreet Bancshares in the 4th quarter valued at about $4,656,000. Alliancebernstein L.P. grew its holdings in shares of MainStreet Bancshares by 14.5% in the third quarter. Alliancebernstein L.P. now owns 397,186 shares of the company’s stock valued at $9,060,000 after acquiring an additional 50,424 shares in the last quarter. Jacobs Asset Management LLC grew its holdings in shares of MainStreet Bancshares by 11.4% in the third quarter. Jacobs Asset Management LLC now owns 262,500 shares of the company’s stock valued at $5,988,000 after acquiring an additional 26,809 shares in the last quarter. ELCO Management Co. LLC grew its holdings in shares of MainStreet Bancshares by 260.3% in the third quarter. ELCO Management Co. LLC now owns 36,025 shares of the company’s stock valued at $822,000 after acquiring an additional 26,025 shares in the last quarter. Finally, Susquehanna International Group LLP bought a new position in shares of MainStreet Bancshares in the fourth quarter valued at approximately $605,000. 43.99% of the stock is owned by institutional investors and hedge funds.

MainStreet Bancshares Stock Performance

NASDAQ:MNSB opened at $22.00 on Friday. The stock has a market cap of $165.44 million, a P/E ratio of 6.04 and a beta of 0.47. The stock has a 50 day simple moving average of $22.01 and a 200 day simple moving average of $26.07. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.41. MainStreet Bancshares has a 1-year low of $19.43 and a 1-year high of $30.98.

MainStreet Bancshares (NASDAQ:MNSB – Get Rating) last announced its quarterly earnings data on Monday, April 17th. The company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.07. MainStreet Bancshares had a return on equity of 17.49% and a net margin of 29.46%. The firm had revenue of $29.65 million during the quarter, compared to analysts’ expectations of $20.77 million. Research analysts anticipate that MainStreet Bancshares will post 3.4 earnings per share for the current year.

MainStreet Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 12th. Shareholders of record on Friday, May 5th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.82%. The ex-dividend date was Thursday, May 4th. MainStreet Bancshares’s payout ratio is presently 10.99%.

MainStreet Bancshares Company Profile

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MainStreet Bancshares, Inc is a holding company, which engages in the provision of banking solutions through MainStreet Bank. It offers products and services such as checking, deposits, loans, credit cards, mortgages, and savings. The company was founded on March 28, 2003 and is headquartered in Fairfax, VA.