Thomas Chmelik Sells 7,238 Shares of MainStreet Bank (NASDAQ:MNSB) Stock

MainStreet Bank (NASDAQ:MNSB) CFO Thomas Chmelik sold 7,238 shares of the company’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $20.09, for a total value of $145,411.42. Following the transaction, the chief financial officer directly owned 63,761 shares in the company, valued at approximately $1,280,958.49. The trade was a 10.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

MainStreet Bank Stock Performance

NASDAQ MNSB traded up $0.04 during trading hours on Wednesday, hitting $20.11. The company’s stock had a trading volume of 14,695 shares, compared to its average volume of 26,500. MainStreet Bank has a 12 month low of $15.00 and a 12 month high of $22.98. The company’s 50 day simple moving average is $19.07 and its two-hundred day simple moving average is $19.91. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market cap of $154.97 million, a P/E ratio of -22.34 and a beta of 0.63.

MainStreet Bank (NASDAQ:MNSB) last announced its quarterly earnings results on Monday, October 27th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. MainStreet Bank had a negative net margin of 3.32% and a positive return on equity of 6.05%. The firm had revenue of $18.22 million for the quarter, compared to the consensus estimate of $19.40 million. As a group, sell-side analysts expect that MainStreet Bank will post 1.1 EPS for the current fiscal year.

MainStreet Bank Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 18th. Shareholders of record on Tuesday, November 11th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Monday, November 10th. MainStreet Bank’s payout ratio is -44.44%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Wall Street Zen cut MainStreet Bank from a “buy” rating to a “hold” rating in a report on Sunday, November 2nd. Zacks Research downgraded MainStreet Bank from a “hold” rating to a “strong sell” rating in a report on Friday, October 31st. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of MainStreet Bank in a research report on Friday, October 31st. Two research analysts have rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On MainStreet Bank

A number of institutional investors have recently bought and sold shares of MNSB. Police & Firemen s Retirement System of New Jersey bought a new stake in MainStreet Bank during the second quarter valued at about $33,000. BNP Paribas Financial Markets lifted its position in shares of MainStreet Bank by 58.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,761 shares of the company’s stock valued at $37,000 after buying an additional 650 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of MainStreet Bank by 66,480.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,329 shares of the company’s stock valued at $63,000 after buying an additional 3,324 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of MainStreet Bank during the 2nd quarter valued at approximately $73,000. Finally, Russell Investments Group Ltd. purchased a new stake in MainStreet Bank in the 3rd quarter worth approximately $76,000. 52.29% of the stock is owned by institutional investors.

MainStreet Bank 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.