Geode Capital Management LLC Boosts Stock Position in MainStreet Bancshares, Inc. (NASDAQ:MNSB)

Geode Capital Management LLC increased its stake in shares of MainStreet Bancshares, Inc. (NASDAQ:MNSB) by 1.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 62,970 shares of the company’s stock after buying an additional 826 shares during the quarter. Geode Capital Management LLC owned about 0.83% of MainStreet Bancshares worth $1,162,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MNSB. Barclays PLC boosted its holdings in MainStreet Bancshares by 34.0% in the 3rd quarter. Barclays PLC now owns 16,759 shares of the company’s stock valued at $310,000 after purchasing an additional 4,256 shares during the last quarter. Fourthstone LLC acquired a new position in MainStreet Bancshares in the third quarter valued at approximately $1,441,000. GSA Capital Partners LLP grew its position in MainStreet Bancshares by 53.1% in the third quarter. GSA Capital Partners LLP now owns 21,149 shares of the company’s stock worth $390,000 after acquiring an additional 7,332 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in MainStreet Bancshares during the second quarter worth $97,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in MainStreet Bancshares in the second quarter valued at $162,000. Institutional investors and hedge funds own 52.29% of the company’s stock.

MainStreet Bancshares Trading Down 0.8 %

Shares of NASDAQ MNSB opened at $17.17 on Friday. The stock has a fifty day simple moving average of $18.33 and a 200-day simple moving average of $17.77. MainStreet Bancshares, Inc. has a twelve month low of $14.97 and a twelve month high of $24.09. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $130.54 million, a PE ratio of 14.31 and a beta of 0.58.

MainStreet Bancshares (NASDAQ:MNSB) last released its earnings results on Monday, October 28th. The company reported ($0.04) earnings per share for the quarter, meeting the consensus estimate of ($0.04). The company 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 in the previous year, the company posted $0.77 EPS. On average, equities analysts forecast that MainStreet Bancshares, Inc. will post 0.84 earnings per share for the current year.

MainStreet Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were issued 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 yield of 2.33%. MainStreet Bancshares’s dividend payout ratio (DPR) is presently 33.33%.

Insider Buying and Selling at MainStreet Bancshares

In other news, insider Michael B. Baboval sold 2,892 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $18.25, for a total value of $52,779.00. Following the sale, the insider now directly owns 4,392 shares in the company, valued at approximately $80,154. This trade represents a 39.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders acquired 743 shares of company stock valued at $13,966 in the last 90 days. Company 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.