MainStreet Bancshares, Inc. (NASDAQ:MNSB) CEO Acquires $17,022.72 in Stock

MainStreet Bancshares, Inc. (NASDAQ:MNSB) CEO Jeff W. Dick acquired 1,056 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were bought at an average cost of $16.12 per share, for a total transaction of $17,022.72. Following the acquisition, the chief executive officer now owns 191,133 shares of the company’s stock, valued at approximately $3,081,063.96. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

MainStreet Bancshares Trading Up 0.3 %

NASDAQ MNSB traded up $0.05 during mid-day trading on Monday, reaching $15.95. 6,167 shares of the stock were exchanged, compared to its average volume of 21,748. MainStreet Bancshares, Inc. has a 1-year low of $15.20 and a 1-year high of $25.97. The stock has a market capitalization of $121.38 million, a PE ratio of 6.14 and a beta of 0.45. The business’s fifty day simple moving average is $17.65 and its 200 day simple moving average is $20.10. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.09 and a current ratio of 1.09.

MainStreet Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, May 3rd will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.51%. MainStreet Bancshares’s dividend payout ratio (DPR) is 15.44%.

Institutional Trading of MainStreet Bancshares

Institutional investors have recently modified their holdings of the company. Mendon Capital Advisors Corp acquired a new position in shares of MainStreet Bancshares during the 4th quarter valued at $1,066,000. BHZ Capital Management LP lifted its position in MainStreet Bancshares by 46.0% during the 4th quarter. BHZ Capital Management LP now owns 53,873 shares of the company’s stock worth $1,337,000 after acquiring an additional 16,975 shares in the last quarter. Cutler Capital Management LLC boosted its holdings in MainStreet Bancshares by 13.0% in the 4th quarter. Cutler Capital Management LLC now owns 110,269 shares of the company’s stock worth $2,736,000 after acquiring an additional 12,685 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in MainStreet Bancshares in the third quarter valued at approximately $66,000. Finally, Provident Wealth Management LLC boosted its stake in shares of MainStreet Bancshares by 18.4% in the first quarter. Provident Wealth Management LLC now owns 14,554 shares of the company’s stock valued at $264,000 after purchasing an additional 2,260 shares during the period. Hedge funds and other institutional investors own 52.29% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, TheStreet cut MainStreet Bancshares from a “b-” rating to a “c+” rating in a report on Monday, March 4th.

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.