MainStreet Bancshares, Inc. (NASDAQ:MNSB) CEO Jeff W. Dick Purchases 1,524 Shares

MainStreet Bancshares, Inc. (NASDAQ:MNSB) CEO Jeff W. Dick acquired 1,524 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was bought at an average price of $16.40 per share, with a total value of $24,993.60. Following the completion of the acquisition, the chief executive officer now directly owns 193,482 shares of the company’s stock, valued at $3,173,104.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

MainStreet Bancshares Trading Down 1.9 %

MainStreet Bancshares stock opened at $16.30 on Monday. The firm has a 50 day simple moving average of $17.08 and a 200-day simple moving average of $17.66. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market capitalization of $124.06 million, a PE ratio of 6.29 and a beta of 0.57. MainStreet Bancshares, Inc. has a 12-month low of $14.97 and a 12-month high of $25.97.

MainStreet Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 16th. Stockholders of record on Friday, August 9th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.45%. The ex-dividend date of this dividend is Friday, August 9th. MainStreet Bancshares’s dividend payout ratio (DPR) is presently 15.44%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Quadrature Capital Ltd bought a new position in shares of MainStreet Bancshares in the first quarter valued at approximately $362,000. Acadian Asset Management LLC boosted its holdings in MainStreet Bancshares by 38.3% during the first quarter. Acadian Asset Management LLC now owns 53,034 shares of the company’s stock worth $962,000 after buying an additional 14,698 shares in the last quarter. Vanguard Group Inc. boosted its holdings in MainStreet Bancshares by 0.8% during the first quarter. Vanguard Group Inc. now owns 371,671 shares of the company’s stock worth $6,750,000 after buying an additional 2,971 shares in the last quarter. Empowered Funds LLC boosted its holdings in MainStreet Bancshares by 8.0% during the first quarter. Empowered Funds LLC now owns 36,846 shares of the company’s stock worth $669,000 after buying an additional 2,734 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in MainStreet Bancshares by 748.2% during the first quarter. BNP Paribas Financial Markets now owns 20,833 shares of the company’s stock worth $378,000 after buying an additional 18,377 shares in the last quarter. 52.29% of the stock is currently owned by institutional investors.

MainStreet Bancshares Company Profile

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.