MainStreet Bank (NASDAQ:MNSB) CFO Richard Alexander Vari Sells 4,500 Shares of Stock

MainStreet Bank (NASDAQ:MNSB) CFO Richard Alexander Vari sold 4,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $23.20, for a total value of $104,400.00. Following the completion of the transaction, the chief financial officer owned 34,036 shares in the company, valued at approximately $789,635.20. This trade represents a 11.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

MainStreet Bank Stock Up 2.8%

NASDAQ MNSB opened at $23.31 on Friday. The business has a fifty day moving average price of $23.07 and a 200 day moving average price of $21.74. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market cap of $165.90 million, a P/E ratio of 11.71 and a beta of 0.55. MainStreet Bank has a one year low of $17.86 and a one year high of $25.17.

MainStreet Bank (NASDAQ:MNSB) last released its earnings results on Monday, April 20th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. The business had revenue of $1.39 million during the quarter, compared to analyst estimates of $20.30 million. MainStreet Bank had a net margin of 12.94% and a return on equity of 9.13%. Research analysts anticipate that MainStreet Bank will post 2.19 EPS for the current fiscal year.

MainStreet Bank Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 11th. Investors of record on Monday, May 4th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Monday, May 4th. MainStreet Bank’s dividend payout ratio is currently 20.10%.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of MainStreet Bank from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 20th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of MNSB. Fourthstone LLC boosted its stake in MainStreet Bank by 50.6% during the fourth quarter. Fourthstone LLC now owns 767,792 shares of the company’s stock worth $15,632,000 after buying an additional 257,859 shares during the period. Alliancebernstein L.P. raised its stake in shares of MainStreet Bank by 2.7% in the 3rd quarter. Alliancebernstein L.P. now owns 674,163 shares of the company’s stock valued at $14,043,000 after acquiring an additional 17,515 shares during the period. Cresset Asset Management LLC lifted its holdings in shares of MainStreet Bank by 0.4% in the 3rd quarter. Cresset Asset Management LLC now owns 335,723 shares of the company’s stock worth $6,993,000 after acquiring an additional 1,254 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of MainStreet Bank by 20.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 166,633 shares of the company’s stock worth $3,699,000 after acquiring an additional 28,282 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of MainStreet Bank by 128.4% during the 2nd quarter. Geode Capital Management LLC now owns 153,516 shares of the company’s stock worth $2,902,000 after purchasing an additional 86,303 shares during the period. Institutional investors and hedge funds own 52.29% of the company’s stock.

About MainStreet Bank

MainStreet Bank Group, Inc (NASDAQ: MNSB) is the bank holding company for MainStreet Bank, a community bank headquartered in Westborough, Massachusetts. Through its subsidiary, the company provides a full range of commercial and consumer banking services designed to meet the financial needs of individuals, small businesses, and non-profit organizations. Its core focus is on building long‐term relationships within the communities it serves.

MainStreet Bank’s product suite includes deposit accounts such as checking, savings, money market and certificate of deposit offerings, as well as a variety of lending solutions.