Barclays PLC Grows Position in MainStreet Bancshares, Inc. (NASDAQ:MNSB)

Barclays PLC boosted its position in shares of MainStreet Bancshares, Inc. (NASDAQ:MNSB) by 34.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,759 shares of the company’s stock after buying an additional 4,256 shares during the period. Barclays PLC owned 0.22% of MainStreet Bancshares worth $310,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Squarepoint Ops LLC purchased a new stake in MainStreet Bancshares in the 2nd quarter valued at $186,000. Acadian Asset Management LLC raised its holdings in shares of MainStreet Bancshares by 48.0% in the second quarter. Acadian Asset Management LLC now owns 78,465 shares of the company’s stock valued at $1,390,000 after buying an additional 25,431 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of MainStreet Bancshares during the second quarter worth about $97,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of MainStreet Bancshares during the second quarter worth about $162,000. Finally, Mendon Capital Advisors Corp increased 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 valued at $326,000 after acquiring an additional 585 shares during the period. 52.29% of the stock is owned by institutional investors and hedge funds.

MainStreet Bancshares Stock Down 1.2 %

MainStreet Bancshares stock opened at $17.45 on Friday. The stock has a 50 day moving average of $18.35 and a two-hundred day moving average of $17.76. MainStreet Bancshares, Inc. has a twelve month low of $14.97 and a twelve month high of $24.27. The stock has a market capitalization of $132.67 million, a price-to-earnings ratio of 14.54 and a beta of 0.58. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.37.

MainStreet Bancshares (NASDAQ:MNSB) last issued its quarterly earnings results on Monday, October 28th. The company reported ($0.04) earnings per share for the quarter, hitting the consensus estimate of ($0.04). The firm had revenue of $34.48 million during the quarter, compared to the consensus estimate 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 last year, the company earned $0.77 earnings per share. As a group, research analysts expect that MainStreet Bancshares, Inc. will post 0.84 earnings per share for the current year.

MainStreet Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were paid a dividend of $0.10 per share. The ex-dividend date was Tuesday, November 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.29%. MainStreet Bancshares’s dividend payout ratio (DPR) is 33.33%.

Insider Buying and Selling

In related news, insider Michael B. Baboval sold 2,892 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $18.25, for a total transaction of $52,779.00. Following the transaction, the insider now owns 4,392 shares of the company’s stock, valued at $80,154. This represents a 39.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders bought 743 shares of company stock valued at $13,966 over the last ninety days. Corporate insiders own 9.20% of the company’s stock.

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.