MainStreet Bancshares, Inc. (NASDAQ:MNSB) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lessened its holdings in shares of MainStreet Bancshares, Inc. (NASDAQ:MNSB) by 40.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,700 shares of the company’s stock after selling 18,400 shares during the period. Renaissance Technologies LLC owned approximately 0.35% of MainStreet Bancshares worth $473,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Acadian Asset Management LLC grew its stake in shares of MainStreet Bancshares by 48.0% during 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 during the period. Quadrature Capital Ltd acquired a new stake in shares of MainStreet Bancshares during the 1st quarter valued at approximately $362,000. Vanguard Group Inc. lifted its position in shares of MainStreet Bancshares by 0.8% during the 1st 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 during the period. Empowered Funds LLC boosted its stake in shares of MainStreet Bancshares by 8.0% during the 1st quarter. Empowered Funds LLC now owns 36,846 shares of the company’s stock worth $669,000 after acquiring an additional 2,734 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in shares of MainStreet Bancshares by 748.2% in the 1st quarter. BNP Paribas Financial Markets now owns 20,833 shares of the company’s stock worth $378,000 after acquiring an additional 18,377 shares during the period. Institutional investors and hedge funds own 52.29% of the company’s stock.

MainStreet Bancshares Stock Performance

Shares of MNSB stock opened at $18.15 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a market cap of $138.14 million, a PE ratio of 7.01 and a beta of 0.56. MainStreet Bancshares, Inc. has a 1 year low of $14.97 and a 1 year high of $25.97. The stock has a fifty day moving average price of $17.30 and a 200 day moving average price of $17.14.

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

MainStreet Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Friday, August 9th were given a $0.10 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.40 annualized dividend and a dividend yield of 2.20%. MainStreet Bancshares’s dividend payout ratio is presently 15.44%.

MainStreet Bancshares 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.