Dimensional Fund Advisors LP Trims Stake in MainStreet Bancshares, Inc. (NASDAQ:MNSB)

Dimensional Fund Advisors LP lessened its holdings in MainStreet Bancshares, Inc. (NASDAQ:MNSB) by 7.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 66,988 shares of the company’s stock after selling 5,734 shares during the quarter. Dimensional Fund Advisors LP owned about 0.88% of MainStreet Bancshares worth $1,188,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Empowered Funds LLC grew its holdings in shares of MainStreet Bancshares by 8.0% during the first quarter. Empowered Funds LLC now owns 36,846 shares of the company’s stock valued at $669,000 after buying an additional 2,734 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of MainStreet Bancshares by 0.8% during the first quarter. Vanguard Group Inc. now owns 371,671 shares of the company’s stock valued at $6,750,000 after buying an additional 2,971 shares during the last quarter. Acadian Asset Management LLC lifted its position in MainStreet Bancshares by 38.3% during the first quarter. Acadian Asset Management LLC now owns 53,034 shares of the company’s stock valued at $962,000 after purchasing an additional 14,698 shares during the period. BNP Paribas Financial Markets lifted its position in MainStreet Bancshares by 748.2% during the first quarter. BNP Paribas Financial Markets now owns 20,833 shares of the company’s stock valued at $378,000 after purchasing an additional 18,377 shares during the period. Finally, Quadrature Capital Ltd bought a new position in MainStreet Bancshares during the first quarter valued at approximately $362,000. Hedge funds and other institutional investors own 52.29% of the company’s stock.

MainStreet Bancshares Stock Down 0.8 %

Shares of MainStreet Bancshares stock opened at $18.00 on Friday. The company has a market cap of $136.80 million, a price-to-earnings ratio of 8.96 and a beta of 0.56. The company’s 50 day moving average is $17.33 and its 200 day moving average is $17.14. MainStreet Bancshares, Inc. has a twelve month low of $14.97 and a twelve month high of $25.97. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.37.

MainStreet Bancshares (NASDAQ:MNSB) last issued its quarterly earnings data on Monday, July 29th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05). The company had revenue of $16.16 million for the quarter, compared to the consensus estimate of $16.46 million. MainStreet Bancshares had a net margin of 12.99% and a return on equity of 9.00%. Research analysts anticipate that MainStreet Bancshares, Inc. will post 1.24 EPS for the current year.

MainStreet Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Friday, August 9th were given a $0.10 dividend. The ex-dividend date was Friday, August 9th. This represents a $0.40 annualized dividend and a yield of 2.22%. MainStreet Bancshares’s payout ratio is presently 19.90%.

MainStreet Bancshares 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.