MainStreet Bancshares, Inc. (NASDAQ:MNSB) CEO Jeff W. Dick Acquires 1,056 Shares

MainStreet Bancshares, Inc. (NASDAQ:MNSB - Get Free Report) CEO Jeff W. Dick bought 1,056 shares of the firm's stock in a transaction that occurred on Monday, April 29th. The shares were purchased at an average cost of $16.12 per share, for a total transaction of $17,022.72. Following the completion of the transaction, the chief executive officer now owns 191,133 shares of the company's stock, valued at $3,081,063.96. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

MainStreet Bancshares Price Performance

Shares of NASDAQ:MNSB traded down $0.65 during midday trading on Monday, reaching $15.25. 71,701 shares of the company's stock were exchanged, compared to its average volume of 22,552. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.09 and a current ratio of 1.09. The company's 50 day simple moving average is $17.58 and its two-hundred day simple moving average is $20.07. MainStreet Bancshares, Inc. has a 12 month low of $15.20 and a 12 month high of $25.97. The firm has a market capitalization of $116.05 million, a PE ratio of 5.89 and a beta of 0.45.

MainStreet Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, May 3rd will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend is Thursday, May 2nd. MainStreet Bancshares's payout ratio is 15.44%.

Institutional Investors Weigh In On MainStreet Bancshares

Large investors have recently modified their holdings of the stock. AJOVista LLC bought a new position in MainStreet Bancshares during the 4th quarter valued at about $55,000. Allspring Global Investments Holdings LLC bought a new position in shares of MainStreet Bancshares in the third quarter valued at approximately $66,000. Barclays PLC raised its stake in shares of MainStreet Bancshares by 27.0% in the third quarter. Barclays PLC now owns 9,517 shares of the company's stock valued at $195,000 after acquiring an additional 2,025 shares during the last quarter. Provident Wealth Management LLC boosted its holdings in shares of MainStreet Bancshares by 18.4% in the 1st quarter. Provident Wealth Management LLC now owns 14,554 shares of the company's stock worth $264,000 after acquiring an additional 2,260 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in MainStreet Bancshares by 3.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 24,033 shares of the company's stock worth $494,000 after acquiring an additional 878 shares during the last quarter. 52.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, TheStreet lowered MainStreet Bancshares from a "b-" rating to a "c+" rating in a research note on Monday, March 4th.

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.