Insider Selling: MainStreet Bancshares, Inc. (NASDAQ:MNSB) Insider Sells $52,779.00 in Stock

MainStreet Bancshares, Inc. (NASDAQ:MNSB) insider Michael B. Baboval sold 2,892 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $18.25, for a total value of $52,779.00. Following the transaction, the insider now directly owns 4,392 shares in the company, valued at approximately $80,154. This represents a 39.70 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

MainStreet Bancshares Stock Up 0.3 %

Shares of MainStreet Bancshares stock opened at $18.40 on Friday. The stock has a 50 day moving average price of $17.99 and a two-hundred day moving average price of $17.35. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.37. MainStreet Bancshares, Inc. has a 12-month low of $14.97 and a 12-month high of $25.97. The stock has a market capitalization of $139.90 million, a P/E ratio of 15.33 and a beta of 0.57.

MainStreet Bancshares (NASDAQ:MNSB) last announced its quarterly earnings data on Monday, October 28th. The company reported ($0.04) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.04). The business had revenue of $34.48 million for the quarter, compared to the consensus estimate 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 last year, the company posted $0.77 earnings per share. Equities analysts expect that MainStreet Bancshares, Inc. will post 0.93 earnings per share for the current year.

MainStreet Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend was Tuesday, November 12th. MainStreet Bancshares’s dividend payout ratio is currently 33.33%.

Institutional Investors Weigh In On MainStreet Bancshares

Several hedge funds have recently made changes to their positions in MNSB. Vanguard Group Inc. raised its holdings in 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 acquiring an additional 2,971 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of MainStreet Bancshares by 48.0% during the second quarter. Acadian Asset Management LLC now owns 78,465 shares of the company’s stock valued at $1,390,000 after purchasing an additional 25,431 shares during the period. Fourthstone LLC acquired a new position in shares of MainStreet Bancshares in the third quarter valued at $1,441,000. Geode Capital Management LLC lifted its position in 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 period. Finally, GSA Capital Partners LLP boosted its stake in 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. Institutional investors own 52.29% of the company’s stock.

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.