MainStreet Bancshares, Inc. (NASDAQ:MNSB) Sees Significant Increase in Short Interest

MainStreet Bancshares, Inc. (NASDAQ:MNSB - Get Free Report) was the recipient of a large increase in short interest in March. As of March 15th, there was short interest totalling 155,400 shares, an increase of 31.9% from the February 29th total of 117,800 shares. Approximately 2.3% of the company's stock are sold short. Based on an average daily trading volume, of 18,000 shares, the short-interest ratio is currently 8.6 days.

MainStreet Bancshares Stock Down 1.0 %

Shares of MNSB stock traded down $0.19 during trading hours on Monday, hitting $17.97. 17,505 shares of the company's stock traded hands, compared to its average volume of 18,876. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.37. The stock's fifty day simple moving average is $18.69 and its two-hundred day simple moving average is $20.67. MainStreet Bancshares has a 12-month low of $17.50 and a 12-month high of $25.97. The stock has a market cap of $136.75 million, a price-to-earnings ratio of 5.60 and a beta of 0.45.

MainStreet Bancshares (NASDAQ:MNSB - Get Free Report) last announced its quarterly earnings data on Monday, January 22nd. The company reported $0.61 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.68 by ($0.07). MainStreet Bancshares had a net margin of 20.81% and a return on equity of 14.34%. The company had revenue of $33.94 million for the quarter, compared to analysts' expectations of $21.03 million. During the same quarter in the previous year, the firm posted $0.95 EPS. On average, analysts expect that MainStreet Bancshares will post 2.05 EPS for the current year.

MainStreet Bancshares Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a yield of 2.23%. MainStreet Bancshares's dividend payout ratio is currently 12.35%.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. UBS Group AG bought a new stake in shares of MainStreet Bancshares during the fourth quarter valued at approximately $29,000. Bank of America Corp DE increased its holdings in shares of 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. BNP Paribas Arbitrage SNC bought a new stake in shares of MainStreet Bancshares in the 2nd quarter worth $41,000. California State Teachers Retirement System purchased a new position in shares of MainStreet Bancshares in the second quarter worth $53,000. Finally, AJOVista LLC bought a new position in shares of MainStreet Bancshares during the fourth quarter valued at $55,000. 52.29% of the stock is owned by hedge funds and other institutional investors.

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.

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