Acadian Asset Management LLC Boosts Stock Holdings in MainStreet Bancshares, Inc. (NASDAQ:MNSB)

Acadian Asset Management LLC raised its holdings in MainStreet Bancshares, Inc. (NASDAQ:MNSB) by 48.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,465 shares of the company’s stock after purchasing an additional 25,431 shares during the period. Acadian Asset Management LLC owned 1.03% of MainStreet Bancshares worth $1,390,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Empowered Funds LLC grew its stake in MainStreet Bancshares by 8.0% during the first quarter. Empowered Funds LLC now owns 36,846 shares of the company’s stock valued at $669,000 after acquiring an additional 2,734 shares in the last quarter. Vanguard Group Inc. grew its stake in MainStreet Bancshares by 0.8% during the first quarter. Vanguard Group Inc. now owns 371,671 shares of the company’s stock valued at $6,750,000 after acquiring an additional 2,971 shares in the last quarter. Cutler Capital Management LLC grew its stake in MainStreet Bancshares by 13.0% during the fourth quarter. Cutler Capital Management LLC now owns 110,269 shares of the company’s stock valued at $2,736,000 after acquiring an additional 12,685 shares in the last quarter. BHZ Capital Management LP grew its stake in MainStreet Bancshares by 46.0% during the fourth quarter. BHZ Capital Management LP now owns 53,873 shares of the company’s stock valued at $1,337,000 after acquiring an additional 16,975 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in MainStreet Bancshares by 748.2% during the first quarter. BNP Paribas Financial Markets now owns 20,833 shares of the company’s stock valued at $378,000 after acquiring an additional 18,377 shares in the last quarter. Hedge funds and other institutional investors own 52.29% of the company’s stock.

MainStreet Bancshares Price Performance

Shares of NASDAQ:MNSB opened at $17.40 on Monday. The company has a 50 day moving average of $17.10 and a 200 day moving average of $17.13. The stock has a market cap of $132.43 million, a P/E ratio of 6.72 and a beta of 0.56. MainStreet Bancshares, Inc. has a 12 month low of $14.97 and a 12 month high of $25.97. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.37.

MainStreet Bancshares (NASDAQ:MNSB) last issued its quarterly earnings data on Monday, July 29th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.05). MainStreet Bancshares had a net margin of 12.99% and a return on equity of 9.00%. The firm had revenue of $16.16 million for the quarter, compared to analysts’ expectations of $16.46 million. As a group, sell-side analysts forecast that MainStreet Bancshares, Inc. will post 1.24 EPS for the current fiscal year.

MainStreet Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Friday, August 9th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.40 annualized dividend and a yield of 2.30%. MainStreet Bancshares’s payout ratio is presently 15.44%.

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.