MainStreet Bancshares (NASDAQ:MNSB) Stock Price Down 0.7% – Here’s What Happened

MainStreet Bancshares, Inc. (NASDAQ:MNSB)’s stock price dropped 0.7% during trading on Thursday . The company traded as low as $17.25 and last traded at $17.25. Approximately 4,455 shares traded hands during trading, a decline of 77% from the average daily volume of 19,248 shares. The stock had previously closed at $17.37.

MainStreet Bancshares Stock Performance

The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.37. The firm has a 50-day moving average price of $16.70 and a 200 day moving average price of $17.62. The firm has a market capitalization of $133.31 million, a PE ratio of -10.71 and a beta of 0.55.

MainStreet Bancshares (NASDAQ:MNSB) last announced its earnings results on Monday, January 27th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.33). MainStreet Bancshares had a negative net margin of 7.24% and a positive return on equity of 2.96%. Research analysts expect that MainStreet Bancshares, Inc. will post 1.1 earnings per share for the current year.

MainStreet Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 17th. Stockholders of record on Monday, February 10th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend was Monday, February 10th. MainStreet Bancshares’s payout ratio is -24.84%.

Institutional Investors Weigh In On MainStreet Bancshares

Several large investors have recently added to or reduced their stakes in MNSB. JPMorgan Chase & Co. boosted its position in MainStreet Bancshares by 4,811.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,743 shares of the company’s stock valued at $161,000 after buying an additional 8,565 shares during the period. Jane Street Group LLC grew its stake in MainStreet Bancshares by 16.0% during the 4th quarter. Jane Street Group LLC now owns 15,957 shares of the company’s stock worth $289,000 after purchasing an additional 2,196 shares in the last quarter. Barclays PLC increased its holdings in MainStreet Bancshares by 34.0% during the 3rd quarter. Barclays PLC now owns 16,759 shares of the company’s stock worth $310,000 after purchasing an additional 4,256 shares during the period. GSA Capital Partners LLP raised its holdings in MainStreet Bancshares by 53.1% in the third quarter. GSA Capital Partners LLP now owns 21,149 shares of the company’s stock valued at $390,000 after acquiring an additional 7,332 shares in the last quarter. Finally, StoneX Group Inc. purchased a new stake in shares of MainStreet Bancshares during the 4th quarter worth $433,000. 52.29% of the stock is owned by hedge funds and other institutional investors.

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.