Insider Buying: MainStreet Bancshares, Inc. (NASDAQ:MNSB) Director Purchases 710 Shares of Stock

MainStreet Bancshares, Inc. (NASDAQ:MNSB) Director Charles C. Brockett bought 710 shares of the stock in a transaction dated Wednesday, April 24th. The stock was bought at an average cost of $16.40 per share, for a total transaction of $11,644.00. Following the acquisition, the director now directly owns 92,318 shares of the company’s stock, valued at approximately $1,514,015.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

MainStreet Bancshares Price Performance

MainStreet Bancshares stock opened at $15.90 on Friday. The company has a market cap of $121.00 million, a price-to-earnings ratio of 6.14 and a beta of 0.45. The firm’s fifty day moving average is $17.65 and its 200 day moving average is $20.09. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.37. MainStreet Bancshares, Inc. has a 52-week low of $15.20 and a 52-week high of $25.97.

MainStreet Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, May 3rd will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date is Thursday, May 2nd. MainStreet Bancshares’s payout ratio is 15.44%.

Institutional Investors Weigh In On MainStreet Bancshares

A number of hedge funds have recently bought and sold shares of the business. Provident Wealth Management LLC raised its stake in MainStreet Bancshares by 18.4% during the first quarter. Provident Wealth Management LLC now owns 14,554 shares of the company’s stock valued at $264,000 after purchasing an additional 2,260 shares in the last quarter. Mendon Capital Advisors Corp bought a new position in MainStreet Bancshares during the fourth quarter valued at $1,066,000. BHZ Capital Management LP increased its position in MainStreet Bancshares by 46.0% during the fourth quarter. BHZ Capital Management LP now owns 53,873 shares of the company’s stock valued at $1,337,000 after acquiring an additional 16,975 shares during the last quarter. Cutler Capital Management LLC increased its position in MainStreet Bancshares by 13.0% during the fourth quarter. Cutler Capital Management LLC now owns 110,269 shares of the company’s stock valued at $2,736,000 after acquiring an additional 12,685 shares during the last quarter. Finally, AJOVista LLC bought a new position in MainStreet Bancshares during the fourth quarter valued at $55,000. Hedge funds and other institutional investors own 52.29% of the company’s stock.

Analyst Ratings Changes

Separately, TheStreet downgraded shares of MainStreet Bancshares from a “b-” rating to a “c+” rating in a report on Monday, March 4th.

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.