MainStreet Bancshares (NASDAQ:MNSB) Shares Down 0.7% – Time to Sell?

MainStreet Bancshares, Inc. (NASDAQ:MNSB)’s share price dropped 0.7% during mid-day trading on Thursday . The stock traded as low as $17.25 and last traded at $17.25. Approximately 4,455 shares changed hands during trading, a decline of 77% from the average daily volume of 19,248 shares. The stock had previously closed at $17.37.

MainStreet Bancshares Stock Up 0.2 %

The firm has a market cap of $133.54 million, a P/E ratio of -10.73 and a beta of 0.55. The firm’s 50 day moving average is $16.71 and its two-hundred day moving average is $17.62. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.37.

MainStreet Bancshares (NASDAQ:MNSB) last issued its quarterly earnings data on Monday, January 27th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.33). MainStreet Bancshares had a negative net margin of 7.24% and a positive return on equity of 2.96%. As a group, research analysts anticipate that MainStreet Bancshares, Inc. will post 1.1 EPS for the current fiscal year.

MainStreet Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, February 17th. Investors of record on Monday, February 10th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend was Monday, February 10th. MainStreet Bancshares’s dividend payout ratio (DPR) is currently -24.84%.

Institutional Investors Weigh In On MainStreet Bancshares

Several large investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its holdings in MainStreet Bancshares by 4,811.8% during the third quarter. JPMorgan Chase & Co. now owns 8,743 shares of the company’s stock worth $161,000 after purchasing an additional 8,565 shares during the period. Jane Street Group LLC raised its stake in MainStreet Bancshares by 16.0% in the 4th quarter. Jane Street Group LLC now owns 15,957 shares of the company’s stock worth $289,000 after purchasing an additional 2,196 shares in the last quarter. Barclays PLC boosted its holdings in MainStreet Bancshares by 34.0% in the 3rd quarter. Barclays PLC now owns 16,759 shares of the company’s stock valued at $310,000 after purchasing an additional 4,256 shares during the period. GSA Capital Partners LLP grew its position in shares of MainStreet Bancshares by 53.1% during the 3rd quarter. GSA Capital Partners LLP now owns 21,149 shares of the company’s stock worth $390,000 after purchasing an additional 7,332 shares in the last quarter. Finally, StoneX Group Inc. bought a new position in shares of MainStreet Bancshares during the fourth quarter worth approximately $433,000. Institutional investors and hedge funds own 52.29% of the company’s stock.

MainStreet Bancshares Company Profile

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.