Mendon Capital Advisors Corp Boosts Stock Holdings in MainStreet Bancshares, Inc. (NASDAQ:MNSB)

Mendon Capital Advisors Corp raised its position in shares of MainStreet Bancshares, Inc. (NASDAQ:MNSB) by 3.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,365 shares of the company’s stock after acquiring an additional 585 shares during the quarter. Mendon Capital Advisors Corp owned approximately 0.24% of MainStreet Bancshares worth $326,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of MainStreet Bancshares in the second quarter valued at about $162,000. Squarepoint Ops LLC acquired a new stake in MainStreet Bancshares in the 2nd quarter valued at about $186,000. Cubist Systematic Strategies LLC acquired a new stake in MainStreet Bancshares in the 2nd quarter valued at about $97,000. Acadian Asset Management LLC lifted its stake in MainStreet Bancshares by 48.0% in the 2nd quarter. Acadian Asset Management LLC now owns 78,465 shares of the company’s stock worth $1,390,000 after purchasing an additional 25,431 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new position in shares of MainStreet Bancshares during the 1st quarter worth approximately $362,000. Hedge funds and other institutional investors own 52.29% of the company’s stock.

MainStreet Bancshares Price Performance

MNSB stock opened at $17.85 on Wednesday. MainStreet Bancshares, Inc. has a 1 year low of $14.97 and a 1 year high of $25.97. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market capitalization of $135.86 million, a PE ratio of 6.89 and a beta of 0.56. The business has a 50 day simple moving average of $17.24 and a 200-day simple moving average of $17.13.

MainStreet Bancshares (NASDAQ:MNSB) last issued its earnings results on Monday, July 29th. The company reported $0.27 earnings per share (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 company had revenue of $16.16 million during the quarter, compared to analysts’ expectations of $16.46 million. Equities research analysts anticipate that MainStreet Bancshares, Inc. will post 1.24 earnings per share for the current fiscal year.

MainStreet Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Friday, August 9th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date was Friday, August 9th. MainStreet Bancshares’s dividend payout ratio (DPR) is presently 15.44%.

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.