MainStreet Bancshares, Inc. (NASDAQ:MNSB - Get Free Report) Director Charles C. Brockett purchased 710 shares of the company's stock in a transaction that occurred on Wednesday, April 24th. The shares were acquired at an average cost of $16.40 per share, for a total transaction of $11,644.00. Following the completion of the transaction, the director now directly owns 92,318 shares of the company's stock, valued at approximately $1,514,015.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
MainStreet Bancshares Stock Performance
Shares of MNSB stock opened at $15.61 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.09 and a quick ratio of 1.09. MainStreet Bancshares, Inc. has a fifty-two week low of $15.20 and a fifty-two week high of $25.97. The stock's 50-day moving average is $17.70 and its two-hundred day moving average is $20.12. The firm has a market cap of $118.79 million, a P/E ratio of 6.03 and a beta of 0.45.
MainStreet Bancshares (NASDAQ:MNSB - Get Free Report) last released its quarterly earnings results on Monday, January 22nd. The company reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.07). The company had revenue of $33.94 million for the quarter, compared to the consensus estimate of $21.03 million. MainStreet Bancshares had a return on equity of 11.56% and a net margin of 16.55%. During the same quarter last year, the company posted $0.95 EPS. Analysts predict that MainStreet Bancshares, Inc. will post 2.05 earnings per share for the current fiscal year.
MainStreet Bancshares Dividend Announcement
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The business also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, May 3rd will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, May 2nd. This represents a $0.40 annualized dividend and a dividend yield of 2.56%. MainStreet Bancshares's dividend payout ratio (DPR) is presently 15.44%.
Institutional Trading of MainStreet Bancshares
Several large investors have recently made changes to their positions in MNSB. Provident Wealth Management LLC boosted its stake in MainStreet Bancshares by 18.4% during the 1st 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 during the period. Mendon Capital Advisors Corp bought a new stake in MainStreet Bancshares during the 4th quarter valued at approximately $1,066,000. BHZ Capital Management LP boosted its stake in MainStreet Bancshares by 46.0% during the 4th quarter. BHZ Capital Management LP now owns 53,873 shares of the company's stock valued at $1,337,000 after purchasing an additional 16,975 shares during the period. Cutler Capital Management LLC boosted its stake in MainStreet Bancshares by 13.0% during the 4th quarter. Cutler Capital Management LLC now owns 110,269 shares of the company's stock valued at $2,736,000 after purchasing an additional 12,685 shares during the period. Finally, AJOVista LLC bought a new stake in MainStreet Bancshares during the 4th quarter valued at approximately $55,000. Institutional investors own 52.29% of the company's stock.
Wall Street Analyst Weigh In
Separately, TheStreet lowered MainStreet Bancshares from a "b-" rating to a "c+" rating in a research report on Monday, March 4th.
Get Our Latest Stock Analysis on MainStreet Bancshares
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.
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