MainStreet Bancshares, Inc. (NASDAQ:MNSB) Shares Purchased by Salzhauer Michael

Salzhauer Michael raised its position in MainStreet Bancshares, Inc. (NASDAQ:MNSB) by 11.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 41,995 shares of the company’s stock after purchasing an additional 4,213 shares during the period. Salzhauer Michael owned about 0.55% of MainStreet Bancshares worth $760,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Fourthstone LLC grew its stake in MainStreet Bancshares by 7.5% in the 4th quarter. Fourthstone LLC now owns 83,985 shares of the company’s stock valued at $1,520,000 after acquiring an additional 5,869 shares during the last quarter. Geode Capital Management LLC grew its position in shares of MainStreet Bancshares by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 63,589 shares of the company’s stock valued at $1,151,000 after purchasing an additional 619 shares during the last quarter. StoneX Group Inc. purchased a new position in shares of MainStreet Bancshares during the 4th quarter worth approximately $433,000. Empowered Funds LLC raised its position in shares of MainStreet Bancshares by 1.8% during the 4th quarter. Empowered Funds LLC now owns 33,064 shares of the company’s stock worth $598,000 after purchasing an additional 592 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in MainStreet Bancshares by 4,811.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,743 shares of the company’s stock valued at $161,000 after buying an additional 8,565 shares in the last quarter. Hedge funds and other institutional investors own 52.29% of the company’s stock.

MainStreet Bancshares Stock Performance

MainStreet Bancshares stock opened at $15.48 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.08 and a current ratio of 1.08. MainStreet Bancshares, Inc. has a fifty-two week low of $14.97 and a fifty-two week high of $20.88. The stock has a fifty day moving average of $16.46 and a two-hundred day moving average of $17.42. The company has a market capitalization of $119.63 million, a price-to-earnings ratio of -9.61 and a beta of 0.43.

MainStreet Bancshares (NASDAQ:MNSB) last announced its earnings results on Monday, January 27th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate 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, analysts anticipate that MainStreet Bancshares, Inc. will post 1.1 EPS for the current fiscal year.

MainStreet Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, February 17th. Shareholders of record on Monday, February 10th were paid a $0.10 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $0.40 annualized dividend and a yield of 2.58%. MainStreet Bancshares’s payout ratio is currently -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.