Jane Street Group LLC Sells 872 Shares of MainStreet Bancshares, Inc. (NASDAQ:MNSB)

Jane Street Group LLC decreased its holdings in MainStreet Bancshares, Inc. (NASDAQ:MNSB) by 6.0% in the third quarter, HoldingsChannel.com reports. The fund owned 13,761 shares of the company’s stock after selling 872 shares during the quarter. Jane Street Group LLC’s holdings in MainStreet Bancshares were worth $254,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in MNSB. Acadian Asset Management LLC boosted its stake in shares of MainStreet Bancshares by 48.0% in the second quarter. Acadian Asset Management LLC now owns 78,465 shares of the company’s stock worth $1,390,000 after acquiring an additional 25,431 shares during the period. Cubist Systematic Strategies LLC bought a new position in shares of MainStreet Bancshares in the second quarter worth about $97,000. Squarepoint Ops LLC bought a new position in shares of MainStreet Bancshares in the second quarter worth about $186,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of MainStreet Bancshares in the second quarter worth about $162,000. Finally, Mendon Capital Advisors Corp lifted its position in shares of MainStreet Bancshares by 3.3% in the second quarter. Mendon Capital Advisors Corp now owns 18,365 shares of the company’s stock worth $326,000 after buying an additional 585 shares in the last quarter. Institutional investors own 52.29% of the company’s stock.

Insider Buying and Selling

In other MainStreet Bancshares news, insider Michael B. Baboval sold 2,892 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $18.25, for a total transaction of $52,779.00. Following the sale, the insider now directly owns 4,392 shares in the company, valued at $80,154. This represents a 39.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Over the last three months, insiders have bought 743 shares of company stock worth $13,966. Corporate insiders own 9.20% of the company’s stock.

MainStreet Bancshares Price Performance

NASDAQ:MNSB opened at $16.84 on Friday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $128.03 million, a P/E ratio of 14.03 and a beta of 0.58. MainStreet Bancshares, Inc. has a 12 month low of $14.97 and a 12 month high of $23.89. The business’s 50-day moving average is $18.32 and its 200 day moving average is $17.77.

MainStreet Bancshares (NASDAQ:MNSB) last posted its earnings results on Monday, October 28th. The company reported ($0.04) EPS for the quarter, hitting analysts’ consensus estimates of ($0.04). The company had revenue of $34.48 million for the quarter, compared to the consensus estimate of $16.03 million. MainStreet Bancshares had a return on equity of 5.77% and a net margin of 8.34%. During the same period in the previous year, the business earned $0.77 earnings per share. On average, equities research analysts forecast that MainStreet Bancshares, Inc. will post 0.84 earnings per share for the current fiscal year.

MainStreet Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were given a $0.10 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.38%. MainStreet Bancshares’s dividend payout ratio is currently 33.33%.

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.