MainStreet Bancshares, Inc. (NASDAQ:MNSB) Stake Boosted by Salzhauer Michael

Salzhauer Michael raised its position in shares of MainStreet Bancshares, Inc. (NASDAQ:MNSB) by 11.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 41,995 shares of the company’s stock after buying an additional 4,213 shares during the quarter. Salzhauer Michael owned 0.55% of MainStreet Bancshares worth $760,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Empowered Funds LLC boosted its stake in MainStreet Bancshares by 1.8% in the 4th quarter. Empowered Funds LLC now owns 33,064 shares of the company’s stock worth $598,000 after purchasing an additional 592 shares during the period. Geode Capital Management LLC boosted its position in shares of MainStreet Bancshares by 1.3% in the third quarter. Geode Capital Management LLC now owns 62,970 shares of the company’s stock worth $1,162,000 after buying an additional 826 shares during the period. Barclays PLC grew its holdings in shares of MainStreet Bancshares by 34.0% during the third quarter. Barclays PLC now owns 16,759 shares of the company’s stock valued at $310,000 after buying an additional 4,256 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in MainStreet Bancshares during the second quarter valued at $97,000. Finally, GSA Capital Partners LLP lifted its stake in MainStreet Bancshares by 53.1% in the 3rd quarter. GSA Capital Partners LLP now owns 21,149 shares of the company’s stock worth $390,000 after acquiring an additional 7,332 shares in the last quarter. 52.29% of the stock is currently owned by institutional investors and hedge funds.

MainStreet Bancshares Stock Performance

NASDAQ:MNSB opened at $16.56 on Monday. The stock’s 50-day moving average is $17.84 and its two-hundred day moving average is $17.68. MainStreet Bancshares, Inc. has a fifty-two week low of $14.97 and a fifty-two week high of $20.88. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.37.

MainStreet Bancshares (NASDAQ:MNSB) last issued its earnings results on Monday, January 27th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. Sell-side analysts anticipate that MainStreet Bancshares, Inc. will post 1.02 earnings per share for the current year.

MainStreet Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, February 17th. Shareholders of record on Monday, February 10th will be paid a $0.10 dividend. The ex-dividend date is Monday, February 10th. This represents a $0.40 dividend on an annualized basis and a yield of 2.42%. MainStreet Bancshares’s dividend payout ratio (DPR) is currently -24.84%.

Insiders Place Their Bets

In other MainStreet Bancshares news, insider Michael B. Baboval sold 2,892 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were 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 directly owns 4,392 shares of the company’s stock, valued at $80,154. The trade was a 39.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have bought a total of 743 shares of company stock valued at $13,966 in the last three months. Insiders own 9.20% 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.