Cubist Systematic Strategies LLC Buys New Stake in MainStreet Bancshares, Inc. (NASDAQ:MNSB)

Cubist Systematic Strategies LLC purchased a new stake in shares of MainStreet Bancshares, Inc. (NASDAQ:MNSB) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,450 shares of the company’s stock, valued at approximately $97,000. Cubist Systematic Strategies LLC owned 0.07% of MainStreet Bancshares as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its position in shares of MainStreet Bancshares by 748.2% during the 1st quarter. BNP Paribas Financial Markets now owns 20,833 shares of the company’s stock valued at $378,000 after acquiring an additional 18,377 shares during the period. Empowered Funds LLC grew its holdings in MainStreet Bancshares by 8.0% in the first quarter. Empowered Funds LLC now owns 36,846 shares of the company’s stock valued at $669,000 after purchasing an additional 2,734 shares during the period. Vanguard Group Inc. increased its position in shares of MainStreet Bancshares by 0.8% in 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 in the last quarter. Acadian Asset Management LLC raised its stake in shares of MainStreet Bancshares by 38.3% during the 1st 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 during the period. Finally, Quadrature Capital Ltd purchased a new position in shares of MainStreet Bancshares during the 1st quarter valued at approximately $362,000. Hedge funds and other institutional investors own 52.29% of the company’s stock.

MainStreet Bancshares Price Performance

Shares of NASDAQ MNSB opened at $18.10 on Wednesday. The firm has a fifty day moving average of $17.42 and a 200 day moving average of $17.13. MainStreet Bancshares, Inc. has a one year low of $14.97 and a one year high of $25.97. The firm has a market cap of $137.76 million, a PE ratio of 6.99 and a beta of 0.56. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.09 and a current ratio of 1.09.

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

MainStreet Bancshares Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a yield of 2.21%. MainStreet Bancshares’s dividend payout ratio is currently 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.