Empowered Funds LLC Has $599,000 Position in MainStreet Bancshares, Inc. (NASDAQ:MNSB)

Empowered Funds LLC lessened its position in MainStreet Bancshares, Inc. (NASDAQ:MNSB) by 17.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,472 shares of the company’s stock after selling 7,074 shares during the period. Empowered Funds LLC’s holdings in MainStreet Bancshares were worth $599,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Mendon Capital Advisors Corp lifted its stake in MainStreet Bancshares by 3.3% in the 2nd quarter. Mendon Capital Advisors Corp now owns 18,365 shares of the company’s stock valued at $326,000 after purchasing an additional 585 shares during the last quarter. Vanguard Group Inc. lifted 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 during the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of MainStreet Bancshares during the 2nd quarter worth approximately $97,000. GSA Capital Partners LLP increased its holdings in shares of MainStreet Bancshares by 53.1% during the 3rd quarter. GSA Capital Partners LLP now owns 21,149 shares of the company’s stock worth $390,000 after acquiring an additional 7,332 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in MainStreet Bancshares in the 2nd quarter valued at $162,000. 52.29% of the stock is currently owned by institutional investors and hedge funds.

MainStreet Bancshares Trading Up 0.3 %

Shares of MainStreet Bancshares stock opened at $18.40 on Monday. MainStreet Bancshares, Inc. has a 1 year low of $14.97 and a 1 year high of $25.97. The company has a market capitalization of $139.90 million, a price-to-earnings ratio of 15.33 and a beta of 0.57. The business has a fifty day simple moving average of $17.99 and a two-hundred day simple moving average of $17.36. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.08 and a quick ratio of 1.08.

MainStreet Bancshares (NASDAQ:MNSB) last released its quarterly earnings results on Monday, October 28th. The company reported ($0.04) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.04). The business had revenue of $34.48 million during 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 company posted $0.77 EPS. Research analysts forecast that MainStreet Bancshares, Inc. will post 0.93 EPS for the current year.

MainStreet Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were paid a $0.10 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $0.40 dividend on an annualized basis and a yield of 2.17%. MainStreet Bancshares’s dividend payout ratio (DPR) is 33.33%.

Insider Activity at MainStreet Bancshares

In other MainStreet Bancshares news, insider Michael B. Baboval sold 2,892 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $18.25, for a total value of $52,779.00. Following the completion of the transaction, the insider now directly owns 4,392 shares in the company, valued at approximately $80,154. This trade represents a 39.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 9.20% of the stock is currently owned by insiders.

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.