MainStreet Bancshares (NASDAQ:MNSB) Stock Price Up 0.5% – Still a Buy?

MainStreet Bancshares, Inc. (NASDAQ:MNSB)’s stock price rose 0.5% during mid-day trading on Thursday . The stock traded as high as $18.61 and last traded at $18.30. Approximately 9,463 shares changed hands during trading, a decline of 57% from the average daily volume of 21,774 shares. The stock had previously closed at $18.20.

MainStreet Bancshares Stock Up 0.5 %

The firm has a market cap of $139.13 million, a PE ratio of 15.25 and a beta of 0.58. 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 stock has a fifty day simple moving average of $18.35 and a two-hundred day simple moving average of $17.61.

MainStreet Bancshares (NASDAQ:MNSB) last released its quarterly earnings results on Monday, October 28th. The company reported ($0.04) EPS for the quarter, meeting analysts’ consensus estimates of ($0.04). The firm had revenue of $34.48 million during the quarter, compared to analyst estimates of $16.03 million. MainStreet Bancshares had a net margin of 8.34% and a return on equity of 5.77%. During the same period in the previous year, the business earned $0.77 EPS. As a group, sell-side analysts expect that MainStreet Bancshares, Inc. will post 0.84 EPS for the current fiscal year.

MainStreet Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date was Tuesday, November 12th. MainStreet Bancshares’s payout ratio is 33.33%.

Insider Transactions at MainStreet Bancshares

In other MainStreet Bancshares news, insider Michael B. Baboval sold 2,892 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $18.25, for a total value of $52,779.00. Following the completion of the sale, the insider now owns 4,392 shares of the company’s stock, valued at $80,154. This represents a 39.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders purchased 743 shares of company stock valued at $13,966. Insiders own 9.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of MNSB. Acadian Asset Management LLC lifted its position in MainStreet Bancshares by 48.0% in the second quarter. Acadian Asset Management LLC now owns 78,465 shares of the company’s stock valued at $1,390,000 after purchasing an additional 25,431 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of MainStreet Bancshares in the second quarter worth $97,000. Squarepoint Ops LLC bought a new stake in MainStreet Bancshares during the 2nd quarter valued at $186,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in MainStreet Bancshares during the 2nd quarter valued at $162,000. Finally, Mendon Capital Advisors Corp grew its holdings in MainStreet Bancshares by 3.3% in the 2nd quarter. Mendon Capital Advisors Corp now owns 18,365 shares of the company’s stock worth $326,000 after acquiring an additional 585 shares during the last quarter. 52.29% of the stock is owned by 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.