MainStreet Bancshares, Inc. (NASDAQ:MNSB) CEO Jeff W. Dick Acquires 1,056 Shares

MainStreet Bancshares, Inc. (NASDAQ:MNSB) CEO Jeff W. Dick acquired 1,056 shares of MainStreet Bancshares stock in a transaction that occurred on Monday, April 29th. The shares were purchased at an average price of $16.12 per share, for a total transaction of $17,022.72. Following the transaction, the chief executive officer now directly owns 191,133 shares in the company, valued at $3,081,063.96. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

MainStreet Bancshares Trading Down 4.1 %

Shares of MNSB stock opened at $15.25 on Tuesday. The firm has a market capitalization of $116.05 million, a P/E ratio of 5.89 and a beta of 0.45. MainStreet Bancshares, Inc. has a twelve month low of $15.20 and a twelve month high of $25.97. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.37. The stock’s fifty day simple moving average is $17.58 and its 200 day simple moving average is $20.07.

MainStreet Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, May 3rd will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $0.40 dividend on an annualized basis and a yield of 2.62%. MainStreet Bancshares’s dividend payout ratio is currently 15.44%.

Analyst Ratings Changes

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

Institutional Investors Weigh In On MainStreet Bancshares

Hedge funds and other institutional investors have recently bought and sold shares of the company. Barclays PLC lifted its holdings in MainStreet Bancshares by 27.0% during the 3rd quarter. Barclays PLC now owns 9,517 shares of the company’s stock worth $195,000 after buying an additional 2,025 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in MainStreet Bancshares during the 3rd quarter worth about $66,000. Bank of New York Mellon Corp lifted its holdings in MainStreet Bancshares by 3.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 24,033 shares of the company’s stock worth $494,000 after buying an additional 878 shares during the period. BHZ Capital Management LP lifted its holdings in MainStreet Bancshares by 46.0% during the 4th quarter. BHZ Capital Management LP now owns 53,873 shares of the company’s stock worth $1,337,000 after buying an additional 16,975 shares during the period. Finally, Cutler Capital Management LLC lifted its holdings in MainStreet Bancshares by 13.0% during the 4th quarter. Cutler Capital Management LLC now owns 110,269 shares of the company’s stock worth $2,736,000 after buying an additional 12,685 shares during the period. Institutional investors own 52.29% of the company’s stock.

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.