MainStreet Bancshares, Inc. (NASDAQ:MNSB) Short Interest Down 45.6% in May

MainStreet Bancshares, Inc. (NASDAQ:MNSB – Get Rating) was the recipient of a large decline in short interest in May. As of May 15th, there was short interest totalling 7,400 shares, a decline of 45.6% from the April 30th total of 13,600 shares. Based on an average daily volume of 18,400 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the company’s stock are short sold.

MainStreet Bancshares Stock Performance

MNSB stock opened at $22.00 on Friday. The stock has a market capitalization of $165.44 million, a PE ratio of 6.04 and a beta of 0.47. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.41. The stock’s 50 day simple moving average is $22.01 and its 200 day simple moving average is $26.07. MainStreet Bancshares has a 12-month low of $19.43 and a 12-month high of $30.98.

MainStreet Bancshares (NASDAQ:MNSB – Get Rating) last announced its earnings results on Monday, April 17th. The company reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.07. The business had revenue of $29.65 million during the quarter, compared to analyst estimates of $20.77 million. MainStreet Bancshares had a net margin of 29.46% and a return on equity of 17.49%. As a group, research analysts forecast that MainStreet Bancshares will post 3.4 earnings per share for the current fiscal year.

MainStreet Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 12th. Shareholders of record on Friday, May 5th were paid a $0.10 dividend. The ex-dividend date of this dividend was Thursday, May 4th. This represents a $0.40 dividend on an annualized basis and a yield of 1.82%. MainStreet Bancshares’s payout ratio is presently 10.99%.

Insider Transactions at MainStreet Bancshares

In related news, CEO Jeff W. Dick purchased 10,914 shares of the company’s stock in a transaction dated Wednesday, April 26th. The shares were purchased at an average cost of $21.40 per share, with a total value of $233,559.60. Following the transaction, the chief executive officer now directly owns 55,091 shares in the company, valued at approximately $1,178,947.40. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders have purchased a total of 12,614 shares of company stock valued at $269,211 in the last ninety days. 8.45% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. UBS Group AG bought a new position in shares of MainStreet Bancshares in the 4th quarter valued at about $29,000. Bank of America Corp DE lifted its holdings in shares of MainStreet Bancshares by 21,757.1% in the 1st quarter. Bank of America Corp DE now owns 1,530 shares of the company’s stock valued at $36,000 after acquiring an additional 1,523 shares during the last quarter. Globeflex Capital L P bought a new position in shares of MainStreet Bancshares in the 1st quarter valued at about $38,000. Belpointe Asset Management LLC bought a new stake in MainStreet Bancshares in the fourth quarter worth about $41,000. Finally, Salem Investment Counselors Inc. bought a new stake in MainStreet Bancshares in the second quarter worth about $57,000. Institutional investors own 43.99% of the company’s stock.

MainStreet Bancshares Company Profile

(Get Rating)

MainStreet Bancshares, Inc is a holding company, which engages in the provision of banking solutions through MainStreet Bank. It offers products and services such as checking, deposits, loans, credit cards, mortgages, and savings. The company was founded on March 28, 2003 and is headquartered in Fairfax, VA.