MainStreet Bancshares, Inc. (NASDAQ:MNSB) Short Interest Down 28.8% in March

MainStreet Bancshares, Inc. (NASDAQ:MNSBGet Rating) saw a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 5,200 shares, a decline of 28.8% from the March 15th total of 7,300 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 6,900 shares, the short-interest ratio is presently 0.8 days.

Separately, Zacks Investment Research downgraded shares of MainStreet Bancshares from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 6th.

NASDAQ MNSB traded up $0.22 on Friday, reaching $23.35. The company had a trading volume of 1,330 shares, compared to its average volume of 4,680. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $178.63 million, a PE ratio of 8.84 and a beta of 0.49. The firm’s 50 day moving average price is $24.51 and its 200 day moving average price is $24.41. MainStreet Bancshares has a 12 month low of $20.58 and a 12 month high of $26.85.

MainStreet Bancshares (NASDAQ:MNSBGet Rating) last announced its quarterly earnings results on Thursday, January 20th. The company reported $0.56 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.56. The company had revenue of $15.49 million for the quarter, compared to the consensus estimate of $15.29 million. MainStreet Bancshares had a net margin of 31.54% and a return on equity of 14.41%. On average, research analysts expect that MainStreet Bancshares will post 2.41 EPS for the current year.

The firm also recently announced a — dividend, which was paid on Thursday, February 10th. Stockholders of record on Thursday, February 3rd were issued a $0.05 dividend. The ex-dividend date was Wednesday, February 2nd. MainStreet Bancshares’s dividend payout ratio (DPR) is presently 7.58%.

Several institutional investors have recently bought and sold shares of MNSB. BHZ Capital Management LP increased its holdings in shares of MainStreet Bancshares by 23.2% in the 3rd quarter. BHZ Capital Management LP now owns 26,149 shares of the company’s stock worth $627,000 after buying an additional 4,928 shares during the last quarter. Alliancebernstein L.P. increased its holdings in shares of MainStreet Bancshares by 53.3% in the 3rd quarter. Alliancebernstein L.P. now owns 289,040 shares of the company’s stock worth $6,934,000 after buying an additional 100,517 shares during the last quarter. O Shaughnessy Asset Management LLC increased its holdings in shares of MainStreet Bancshares by 42.1% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 13,995 shares of the company’s stock worth $335,000 after buying an additional 4,145 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of MainStreet Bancshares by 6.0% in the 3rd quarter. Geode Capital Management LLC now owns 49,400 shares of the company’s stock worth $1,185,000 after buying an additional 2,811 shares during the last quarter. Finally, Fourthstone LLC increased its holdings in shares of MainStreet Bancshares by 0.6% in the 3rd quarter. Fourthstone LLC now owns 96,492 shares of the company’s stock worth $2,315,000 after buying an additional 600 shares during the last quarter. Hedge funds and other institutional investors own 38.85% of the company’s stock.

About MainStreet Bancshares (Get Rating)

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, remote deposit capture, and courier services.

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