MainStreet Bancshares, Inc. (NASDAQ:MNSB) Short Interest Up 20.1% in March

MainStreet Bancshares, Inc. (NASDAQ:MNSB) was the recipient of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 22,700 shares, an increase of 20.1% from the February 28th total of 18,900 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average daily trading volume, of 9,900 shares, the short-interest ratio is currently 2.3 days.

Institutional Trading of MainStreet Bancshares

A number of large investors have recently made changes to their positions in the company. Cresset Asset Management LLC grew its stake in shares of MainStreet Bancshares by 0.5% during the fourth quarter. Cresset Asset Management LLC now owns 319,870 shares of the company’s stock worth $5,790,000 after purchasing an additional 1,736 shares in the last quarter. Jane Street Group LLC boosted its position in shares of MainStreet Bancshares by 16.0% during the 4th quarter. Jane Street Group LLC now owns 15,957 shares of the company’s stock worth $289,000 after acquiring an additional 2,196 shares in the last quarter. Mendon Capital Advisors Corp increased its holdings in shares of MainStreet Bancshares by 136.1% in the 4th quarter. Mendon Capital Advisors Corp now owns 51,443 shares of the company’s stock valued at $931,000 after acquiring an additional 29,657 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in MainStreet Bancshares by 6.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 87,909 shares of the company’s stock worth $1,591,000 after purchasing an additional 5,510 shares during the last quarter. Finally, Salzhauer Michael boosted its holdings in shares of MainStreet Bancshares by 11.2% in the 4th quarter. Salzhauer Michael now owns 41,995 shares of the company’s stock valued at $760,000 after buying an additional 4,213 shares in the last quarter. 52.29% of the stock is currently owned by hedge funds and other institutional investors.

MainStreet Bancshares Trading Down 3.6 %

MNSB stock traded down $0.60 during mid-day trading on Thursday, hitting $16.27. 2,129 shares of the company were exchanged, compared to its average volume of 19,239. MainStreet Bancshares has a 12-month low of $14.97 and a 12-month high of $20.88. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.37. The business has a fifty day simple moving average of $16.74 and a 200-day simple moving average of $17.61. The firm has a market capitalization of $125.73 million, a P/E ratio of -10.11 and a beta of 0.55.

MainStreet Bancshares (NASDAQ:MNSB) last announced its earnings results on Monday, January 27th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.33). MainStreet Bancshares had a negative net margin of 7.24% and a positive return on equity of 2.96%. On average, equities research analysts predict that MainStreet Bancshares will post 1.1 earnings per share for the current fiscal year.

MainStreet Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, February 17th. Investors of record on Monday, February 10th were issued a $0.10 dividend. The ex-dividend date was Monday, February 10th. This represents a $0.40 dividend on an annualized basis and a yield of 2.46%. MainStreet Bancshares’s dividend payout ratio (DPR) is presently -24.84%.

About MainStreet Bancshares

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.