MainStreet Bancshares, Inc. (NASDAQ:MNSB) Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp boosted its holdings in MainStreet Bancshares, Inc. (NASDAQ:MNSBFree Report) by 3.8% during the 3rd quarter, Holdings reports. The fund owned 24,033 shares of the company’s stock after purchasing an additional 878 shares during the quarter. Bank of New York Mellon Corp’s holdings in MainStreet Bancshares were worth $494,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. UBS Group AG purchased a new position in MainStreet Bancshares in the 4th quarter worth about $29,000. Bank of America Corp DE increased its stake in MainStreet Bancshares by 21,757.1% in the 1st quarter. Bank of America Corp DE now owns 1,530 shares of the company’s stock worth $36,000 after purchasing an additional 1,523 shares in the last quarter. LSV Asset Management purchased a new position in MainStreet Bancshares in the 2nd quarter worth about $36,000. BNP Paribas Arbitrage SNC purchased a new position in MainStreet Bancshares in the 2nd quarter worth about $41,000. Finally, California State Teachers Retirement System purchased a new position in MainStreet Bancshares in the 2nd quarter worth about $53,000. 50.18% of the stock is currently owned by institutional investors.

MainStreet Bancshares Trading Up 4.4 %

NASDAQ:MNSB opened at $19.33 on Tuesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.09 and a quick ratio of 1.09. MainStreet Bancshares, Inc. has a fifty-two week low of $17.50 and a fifty-two week high of $29.93. The stock’s 50-day moving average is $22.38 and its two-hundred day moving average is $21.85. The stock has a market cap of $145.55 million, a PE ratio of 5.97 and a beta of 0.48.

MainStreet Bancshares (NASDAQ:MNSBGet Free Report) last released its earnings results on Monday, January 22nd. The company reported $0.61 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.07). MainStreet Bancshares had a net margin of 20.81% and a return on equity of 14.57%. The business had revenue of $33.94 million for the quarter, compared to analysts’ expectations of $21.03 million. During the same period last year, the firm earned $0.95 EPS. As a group, equities research analysts forecast that MainStreet Bancshares, Inc. will post 2.27 earnings per share for the current fiscal year.

MainStreet Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 9th. Shareholders of record on Friday, February 2nd were paid a dividend of $0.10 per share. The ex-dividend date was Thursday, February 1st. This represents a $0.40 annualized dividend and a yield of 2.07%. MainStreet Bancshares’s dividend payout ratio (DPR) is presently 12.35%.

MainStreet Bancshares Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for MainStreet Bancshares (NASDAQ:MNSB)

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