MainStreet Bancshares, Inc. (NASDAQ:MNSB) Shares Sold by Empowered Funds LLC

Empowered Funds LLC reduced its position in shares of MainStreet Bancshares, Inc. (NASDAQ:MNSB) by 17.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,472 shares of the company’s stock after selling 7,074 shares during the period. Empowered Funds LLC owned approximately 0.43% of MainStreet Bancshares worth $599,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC purchased a new position in shares of MainStreet Bancshares during the second quarter valued at $97,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in MainStreet Bancshares in the 2nd quarter valued at $162,000. Squarepoint Ops LLC acquired a new stake in MainStreet Bancshares in the 2nd quarter valued at approximately $186,000. Mendon Capital Advisors Corp grew its position in MainStreet Bancshares by 3.3% in the 2nd quarter. Mendon Capital Advisors Corp now owns 18,365 shares of the company’s stock worth $326,000 after purchasing an additional 585 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new stake in shares of MainStreet Bancshares in the 1st quarter worth approximately $362,000. 52.29% of the stock is currently owned by institutional investors.

MainStreet Bancshares Price Performance

NASDAQ:MNSB opened at $18.40 on Monday. MainStreet Bancshares, Inc. has a 52 week low of $14.97 and a 52 week high of $25.97. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.08 and a current ratio of 1.08. The company has a 50-day moving average of $17.99 and a 200-day moving average of $17.36. The company has a market capitalization of $139.90 million, a price-to-earnings ratio of 15.33 and a beta of 0.57.

MainStreet Bancshares (NASDAQ:MNSB) last announced its quarterly earnings results on Monday, October 28th. The company reported ($0.04) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.04). The firm had revenue of $34.48 million for the quarter, compared to analysts’ expectations of $16.03 million. MainStreet Bancshares had a return on equity of 5.77% and a net margin of 8.34%. During the same period in the prior year, the business posted $0.77 earnings per share. As a group, equities research analysts anticipate that MainStreet Bancshares, Inc. will post 0.93 earnings per share for the current fiscal year.

MainStreet Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $0.40 dividend on an annualized basis and a yield of 2.17%. MainStreet Bancshares’s dividend payout ratio is 33.33%.

Insider Buying and Selling at MainStreet Bancshares

In other news, insider Michael B. Baboval sold 2,892 shares of MainStreet Bancshares stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $18.25, for a total transaction of $52,779.00. Following the completion of the sale, the insider now owns 4,392 shares in the company, valued at $80,154. The trade was a 39.70 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 9.20% of the company’s stock.

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.