MainStreet Bancshares, Inc. (NASDAQ:MNSB) Insider Michael B. Baboval Sells 2,892 Shares of Stock

MainStreet Bancshares, Inc. (NASDAQ:MNSB) 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 sale, the insider now directly owns 4,392 shares of the company’s stock, valued at $80,154. The trade was a 39.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

MainStreet Bancshares Stock Performance

Shares of NASDAQ MNSB traded down $0.22 during trading hours on Friday, hitting $18.13. 3,207 shares of the stock were exchanged, compared to its average volume of 22,450. The firm has a market capitalization of $137.79 million, a P/E ratio of 15.29 and a beta of 0.57. MainStreet Bancshares, Inc. has a one year low of $14.97 and a one year high of $25.97. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.08 and a quick ratio of 1.08. The company’s 50 day moving average is $17.97 and its 200 day moving average is $17.34.

MainStreet Bancshares (NASDAQ:MNSB) last posted its quarterly earnings data on Monday, October 28th. The company reported ($0.04) EPS for the quarter, hitting analysts’ consensus estimates of ($0.04). MainStreet Bancshares had a return on equity of 5.77% and a net margin of 8.34%. The business had revenue of $34.48 million for the quarter, compared to analyst estimates of $16.03 million. During the same period in the previous year, the company posted $0.77 earnings per share. On average, research analysts expect that MainStreet Bancshares, Inc. will post 0.93 EPS for the current year.

MainStreet Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were paid a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $0.40 annualized dividend and a dividend yield of 2.21%. MainStreet Bancshares’s payout ratio is 33.33%.

Institutional Trading of MainStreet Bancshares

Hedge funds have recently bought and sold shares of the stock. Fourthstone LLC acquired a new position in shares of MainStreet Bancshares during the third quarter valued at about $1,441,000. Acadian Asset Management LLC increased its position in shares of MainStreet Bancshares by 48.0% during 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 period. Quadrature Capital Ltd bought a new stake in shares of MainStreet Bancshares during the first quarter valued at approximately $362,000. BNP Paribas Financial Markets raised its stake in shares of MainStreet Bancshares by 748.2% in the first quarter. BNP Paribas Financial Markets now owns 20,833 shares of the company’s stock valued at $378,000 after purchasing an additional 18,377 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new position in MainStreet Bancshares in the second quarter worth $186,000. 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.