MainStreet Bancshares, Inc. (NASDAQ:MNSB - Get Free Report) insider Michael B. Baboval sold 2,892 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $18.25, for a total value of $52,779.00. Following the completion of the transaction, the insider now directly owns 4,392 shares of the company's stock, valued at approximately $80,154. The trade was a 39.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.
MainStreet Bancshares Price Performance
MainStreet Bancshares stock traded down $0.22 during mid-day trading on Friday, hitting $18.13. 3,207 shares of the company were exchanged, compared to its average volume of 22,450. The company has a market capitalization of $137.79 million, a PE ratio of 15.29 and a beta of 0.57. The business has a fifty day moving average of $17.97 and a 200 day moving average of $17.34. MainStreet Bancshares, Inc. has a 1-year low of $14.97 and a 1-year high of $25.97. 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 (NASDAQ:MNSB - Get Free Report) last announced its quarterly earnings results on Monday, October 28th. The company reported ($0.04) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.04). The firm had revenue of $34.48 million during 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 period last year, the firm posted $0.77 EPS. As a group, sell-side analysts expect that MainStreet Bancshares, Inc. will post 0.93 earnings per share for the current year.
MainStreet Bancshares Dividend Announcement
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The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $0.40 dividend on an annualized basis and a yield of 2.21%. MainStreet Bancshares's dividend payout ratio (DPR) is presently 33.33%.
Hedge Funds Weigh In On MainStreet Bancshares
Several institutional investors have recently bought and sold shares of the business. Cubist Systematic Strategies LLC bought a new stake in shares of MainStreet Bancshares during the second quarter worth $97,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in MainStreet Bancshares during the 2nd quarter worth about $162,000. Squarepoint Ops LLC acquired a new stake in MainStreet Bancshares in the 2nd quarter valued at about $186,000. Barclays PLC raised its stake in shares of MainStreet Bancshares by 34.0% in the third quarter. Barclays PLC now owns 16,759 shares of the company's stock worth $310,000 after acquiring an additional 4,256 shares during the last quarter. Finally, Mendon Capital Advisors Corp lifted its position in shares of MainStreet Bancshares by 3.3% during the second quarter. Mendon Capital Advisors Corp now owns 18,365 shares of the company's stock worth $326,000 after purchasing an additional 585 shares in the last quarter. Institutional investors own 52.29% of the company's stock.
MainStreet Bancshares Company Profile
(
Get Free Report)
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.
Further Reading
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