Fourthstone LLC Invests $1.44 Million in MainStreet Bancshares, Inc. (NASDAQ:MNSB)

Fourthstone LLC acquired a new stake in shares of MainStreet Bancshares, Inc. (NASDAQ:MNSB) during the third quarter, Holdings Channel reports. The firm acquired 78,116 shares of the company’s stock, valued at approximately $1,441,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of MNSB. Cubist Systematic Strategies LLC bought a new stake in MainStreet Bancshares during the second quarter worth approximately $97,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of MainStreet Bancshares during the second quarter valued at approximately $162,000. Squarepoint Ops LLC acquired a new stake in MainStreet Bancshares during the 2nd quarter valued at $186,000. Mendon Capital Advisors Corp boosted its position in shares of MainStreet Bancshares by 3.3% in the second quarter. Mendon Capital Advisors Corp now owns 18,365 shares of the company’s stock worth $326,000 after buying an additional 585 shares during the period. Finally, Quadrature Capital Ltd purchased a new stake in MainStreet Bancshares in the 1st quarter worth about $362,000. Institutional investors own 52.29% of the company’s stock.

Insider Buying and Selling at MainStreet Bancshares

In other news, insider Michael B. Baboval sold 2,892 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $18.25, for a total transaction of $52,779.00. Following the completion of the sale, the insider now owns 4,392 shares in the company, valued at approximately $80,154. This represents a 39.70 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 9.20% of the company’s stock.

MainStreet Bancshares Stock Down 1.1 %

NASDAQ:MNSB traded down $0.20 on Thursday, hitting $18.42. 3,219 shares of the company’s stock traded hands, compared to its average volume of 22,252. The company has a market cap of $140.05 million, a PE ratio of 15.35 and a beta of 0.57. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.37. The firm has a 50-day moving average price of $18.06 and a 200-day moving average price of $17.39. MainStreet Bancshares, Inc. has a 1 year low of $14.97 and a 1 year high of $25.97.

MainStreet Bancshares (NASDAQ:MNSB) last issued its earnings results on Monday, October 28th. The company reported ($0.04) earnings per share for the quarter, hitting the consensus estimate of ($0.04). MainStreet Bancshares had a return on equity of 5.77% and a net margin of 8.34%. The company had revenue of $34.48 million for the quarter, compared to analyst estimates of $16.03 million. During the same period in the prior year, the firm posted $0.77 EPS. Equities analysts anticipate that MainStreet Bancshares, Inc. will post 0.93 EPS for the current fiscal year.

MainStreet Bancshares Announces Dividend

The firm also recently disclosed 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. This represents a $0.40 annualized dividend and a yield of 2.17%. The ex-dividend date was Tuesday, November 12th. MainStreet Bancshares’s payout ratio is presently 33.33%.

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.