MainStreet Bancshares (NASDAQ:MNSBP) Trading Down 0.4% – Here’s What Happened

Shares of MainStreet Bancshares, Inc. (NASDAQ:MNSBP) fell 0.4% during mid-day trading on Monday . The stock traded as low as $25.13 and last traded at $25.1490. Approximately 413 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 1,541 shares. The stock had previously closed at $25.25.

MainStreet Bancshares Trading Down 0.4%

The company has a 50 day moving average of $25.12 and a 200-day moving average of $24.98.

MainStreet Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were paid a dividend of $0.47 per share. The ex-dividend date was Monday, June 15th. This represents a $1.88 dividend on an annualized basis and a yield of 7.5%.

Institutional Trading of MainStreet Bancshares

Several hedge funds have recently made changes to their positions in the business. BlackRock Inc. purchased a new position in shares of MainStreet Bancshares in the second quarter valued at approximately $9,976,000. Deutsche Bank AG purchased a new stake in MainStreet Bancshares during the 2nd quarter worth approximately $128,000. Bank of New York Mellon Corp acquired a new stake in MainStreet Bancshares during the 2nd quarter worth approximately $430,000. Finally, GSA Capital Partners LLP acquired a new stake in MainStreet Bancshares during the 2nd quarter worth approximately $574,000.

About MainStreet Bancshares

MainStreet Bancshares, Inc is a bank holding company headquartered in Stanwood, Washington, that provides commercial and consumer banking services through its subsidiary, MainStreet Bank. The company’s core activities include deposit-taking, lending, and treasury management, with an emphasis on personalized customer relationships. Through branch offices and digital channels, MainStreet Bancshares aims to serve small to mid-sized businesses, professionals, and individuals across its markets.

MainStreet Bancshares offers a range of deposit products, including checking accounts, savings accounts, money market accounts, certificates of deposit and individual retirement accounts.