MainStreet Bank $MNSB Shares Newly Acquired by StoneX Group Inc.

StoneX Group Inc. purchased a new stake in shares of MainStreet Bank (NASDAQ:MNSB) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 23,940 shares of the company’s stock, valued at approximately $592,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in MainStreet Bank in the third quarter worth about $29,000. Toth Financial Advisory Corp grew its stake in shares of MainStreet Bank by 1,204.4% during the third quarter. Toth Financial Advisory Corp now owns 7,109 shares of the company’s stock valued at $176,000 after buying an additional 6,564 shares during the last quarter. Empowered Funds LLC grew its stake in shares of MainStreet Bank by 9.7% during the first quarter. Empowered Funds LLC now owns 34,396 shares of the company’s stock valued at $764,000 after buying an additional 3,034 shares during the last quarter. Cassaday & Co Wealth Management LLC purchased a new stake in shares of MainStreet Bank in the first quarter worth approximately $61,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of MainStreet Bank by 20.4% in the first quarter. Dimensional Fund Advisors LP now owns 166,633 shares of the company’s stock worth $3,699,000 after buying an additional 28,282 shares during the period. 52.29% of the stock is owned by hedge funds and other institutional investors.

MainStreet Bank Trading Down 0.8%

MNSB stock opened at $21.55 on Thursday. MainStreet Bank has a 12 month low of $18.15 and a 12 month high of $25.86. The firm’s 50-day moving average is $23.99 and its 200 day moving average is $23.45. The company has a market capitalization of $153.46 million, a PE ratio of 11.05 and a beta of 0.59. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.06.

MainStreet Bank (NASDAQ:MNSB) last released its quarterly earnings data on Monday, October 26th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.03). The company had revenue of $19.45 million during the quarter, compared to analysts’ expectations of $21.80 million. MainStreet Bank had a net margin of 12.51% and a return on equity of 8.72%. On average, research analysts anticipate that MainStreet Bank will post 2.09 EPS for the current year.

MainStreet Bank Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 17th. Stockholders of record on Tuesday, November 10th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Tuesday, November 10th. MainStreet Bank’s payout ratio is currently 20.51%.

Wall Street Analyst Weigh In

MNSB has been the subject of a number of research analyst reports. Zacks Research initiated coverage on MainStreet Bank in a research note on Wednesday, October 28th. They set a “hold” rating for the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of MainStreet Bank in a research report on Friday, September 18th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy”.

About MainStreet Bank

MainStreet Bank is a community bank headquartered in Fairfax, Virginia, and the banking subsidiary of MainStreet Bancshares, Inc., which trades on the Nasdaq under the symbol MNSB. The bank serves businesses, professionals and individuals in Northern Virginia and the broader Washington, D.C., metropolitan area. The bank provides commercial and consumer banking services, including business and personal checking and savings accounts, certificates of deposit, commercial real estate loans, business loans, residential lending and consumer credit.