Squarepoint Ops LLC Acquires Shares of 10,468 MainStreet Bancshares, Inc. (NASDAQ:MNSB)

Squarepoint Ops LLC bought a new stake in shares of MainStreet Bancshares, Inc. (NASDAQ:MNSB) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 10,468 shares of the company’s stock, valued at approximately $186,000.

Several other hedge funds also recently modified their holdings of MNSB. Empowered Funds LLC lifted its holdings in MainStreet Bancshares by 8.0% during the first quarter. Empowered Funds LLC now owns 36,846 shares of the company’s stock worth $669,000 after acquiring an additional 2,734 shares during the period. Vanguard Group Inc. raised its stake in shares of MainStreet Bancshares by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 371,671 shares of the company’s stock valued at $6,750,000 after purchasing an additional 2,971 shares during the period. Cubist Systematic Strategies LLC bought a new stake in shares of MainStreet Bancshares during the 2nd quarter valued at $97,000. Acadian Asset Management LLC grew 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 worth $962,000 after buying an additional 14,698 shares in the last quarter. Finally, BNP Paribas Financial Markets grew 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 worth $378,000 after buying an additional 18,377 shares in the last quarter. Hedge funds and other institutional investors own 52.29% of the company’s stock.

MainStreet Bancshares Price Performance

MNSB opened at $18.00 on Monday. The stock has a 50-day moving average price of $17.33 and a 200-day moving average price of $17.13. MainStreet Bancshares, Inc. has a 12-month low of $14.97 and a 12-month high of $25.97. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $137.00 million, a P/E ratio of 6.95 and a beta of 0.56.

MainStreet Bancshares (NASDAQ:MNSB) last released its earnings results 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). MainStreet Bancshares had a net margin of 12.99% and a return on equity of 9.00%. The company had revenue of $16.16 million during the quarter, compared to the consensus estimate of $16.46 million. Equities analysts predict that MainStreet Bancshares, Inc. will post 1.24 earnings per share for the current fiscal year.

MainStreet Bancshares Announces Dividend

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 dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date of this dividend was Friday, August 9th. MainStreet Bancshares’s payout ratio is 15.44%.

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.