Charles C. Brockett Purchases 710 Shares of MainStreet Bancshares, Inc. (NASDAQ:MNSB) Stock

MainStreet Bancshares, Inc. (NASDAQ:MNSB) Director Charles C. Brockett acquired 710 shares of the company’s stock in a transaction dated Wednesday, April 24th. The shares were bought at an average cost of $16.40 per share, for a total transaction of $11,644.00. Following the completion of the acquisition, the director now directly owns 92,318 shares of the company’s stock, valued at $1,514,015.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

MainStreet Bancshares Trading Up 1.9 %

NASDAQ MNSB opened at $15.90 on Friday. The company has a market capitalization of $121.00 million, a PE ratio of 6.14 and a beta of 0.45. The company has a fifty day moving average of $17.65 and a 200 day moving average of $20.09. MainStreet Bancshares, Inc. has a 1 year low of $15.20 and a 1 year high of $25.97. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, May 3rd will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.52%. MainStreet Bancshares’s dividend payout ratio (DPR) is currently 15.44%.

Wall Street Analysts Forecast Growth

Separately, TheStreet downgraded shares of MainStreet Bancshares from a “b-” rating to a “c+” rating in a research report on Monday, March 4th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of MNSB. AJOVista LLC acquired a new position in shares of MainStreet Bancshares in the fourth quarter worth about $55,000. Allspring Global Investments Holdings LLC acquired a new position in shares of MainStreet Bancshares in the third quarter worth about $66,000. Barclays PLC raised its position in shares of MainStreet Bancshares by 27.0% in the third quarter. Barclays PLC now owns 9,517 shares of the company’s stock worth $195,000 after acquiring an additional 2,025 shares during the period. Provident Wealth Management LLC raised its position in shares of MainStreet Bancshares by 18.4% in the first quarter. Provident Wealth Management LLC now owns 14,554 shares of the company’s stock worth $264,000 after acquiring an additional 2,260 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of MainStreet Bancshares by 3.8% in the third quarter. Bank of New York Mellon Corp now owns 24,033 shares of the company’s stock worth $494,000 after acquiring an additional 878 shares during the period. Institutional investors and hedge funds own 52.29% of the company’s stock.

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.