Acadian Asset Management LLC Buys 25,431 Shares of MainStreet Bancshares, Inc. (NASDAQ:MNSB)

Acadian Asset Management LLC lifted its holdings in MainStreet Bancshares, Inc. (NASDAQ:MNSB) by 48.0% in the second quarter, HoldingsChannel reports. The fund owned 78,465 shares of the company’s stock after buying an additional 25,431 shares during the period. Acadian Asset Management LLC’s holdings in MainStreet Bancshares were worth $1,390,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Empowered Funds LLC lifted its holdings in shares of MainStreet Bancshares by 8.0% in the 1st 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 last quarter. Vanguard Group Inc. lifted its holdings in shares of MainStreet Bancshares by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 371,671 shares of the company’s stock worth $6,750,000 after acquiring an additional 2,971 shares during the last quarter. Cutler Capital Management LLC lifted its holdings in shares of MainStreet Bancshares by 13.0% in the 4th quarter. Cutler Capital Management LLC now owns 110,269 shares of the company’s stock worth $2,736,000 after acquiring an additional 12,685 shares during the last quarter. BHZ Capital Management LP lifted its holdings in shares of MainStreet Bancshares by 46.0% in the 4th quarter. BHZ Capital Management LP now owns 53,873 shares of the company’s stock worth $1,337,000 after acquiring an additional 16,975 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of MainStreet Bancshares by 748.2% in the 1st quarter. BNP Paribas Financial Markets now owns 20,833 shares of the company’s stock worth $378,000 after acquiring an additional 18,377 shares during the last quarter. 52.29% of the stock is currently owned by institutional investors.

MainStreet Bancshares Trading Up 2.7 %

Shares of MNSB opened at $17.40 on Monday. The firm has a market cap of $132.43 million, a price-to-earnings ratio of 6.72 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, Inc. has a fifty-two week low of $14.97 and a fifty-two week high of $25.97. The firm has a 50 day moving average price of $17.10 and a 200-day moving average price of $17.13.

MainStreet Bancshares (NASDAQ:MNSB) last posted its quarterly earnings results on Monday, July 29th. The company reported $0.27 EPS 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 firm had revenue of $16.16 million for the quarter, compared to the consensus estimate of $16.46 million. As a group, equities research analysts forecast that MainStreet Bancshares, Inc. will post 1.24 earnings per share for the current year.

MainStreet Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Friday, August 9th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, August 9th. This represents a $0.40 dividend on an annualized basis and a yield of 2.30%. MainStreet Bancshares’s dividend payout ratio is currently 15.44%.

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.