MainStreet Bancshares, Inc. (NASDAQ:MNSB) Short Interest Down 51.5% in September

MainStreet Bancshares, Inc. (NASDAQ:MNSB) saw a large decrease in short interest in September. As of September 30th, there was short interest totalling 18,800 shares, a decrease of 51.5% from the September 15th total of 38,800 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average trading volume of 10,700 shares, the days-to-cover ratio is presently 1.8 days.

Hedge funds and other institutional investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA boosted its position in shares of MainStreet Bancshares by 59.9% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,309 shares of the company’s stock valued at $69,000 after acquiring an additional 1,240 shares during the last quarter. Barclays PLC boosted its position in shares of MainStreet Bancshares by 150.6% during the 1st quarter. Barclays PLC now owns 5,214 shares of the company’s stock valued at $108,000 after acquiring an additional 3,133 shares during the last quarter. Acadian Asset Management LLC boosted its position in shares of MainStreet Bancshares by 180.1% during the 1st quarter. Acadian Asset Management LLC now owns 8,286 shares of the company’s stock valued at $173,000 after acquiring an additional 5,328 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in MainStreet Bancshares in the second quarter worth $208,000. Finally, O Shaughnessy Asset Management LLC lifted its position in MainStreet Bancshares by 3,561.7% in the second quarter. O Shaughnessy Asset Management LLC now owns 9,850 shares of the company’s stock worth $222,000 after buying an additional 9,581 shares during the last quarter. Hedge funds and other institutional investors own 43.00% of the company’s stock.

MNSB has been the subject of several analyst reports. Stephens increased their target price on shares of MainStreet Bancshares from $25.50 to $26.00 and gave the stock an “overweight” rating in a report on Thursday, July 22nd. Zacks Investment Research lowered shares of MainStreet Bancshares from a “buy” rating to a “hold” rating in a report on Tuesday, October 5th.

MNSB traded up $0.09 during trading on Thursday, reaching $24.60. 19,908 shares of the company traded hands, compared to its average volume of 11,954. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.99 and a current ratio of 0.99. MainStreet Bancshares has a 12-month low of $13.13 and a 12-month high of $24.95. The firm has a fifty day simple moving average of $23.69 and a 200 day simple moving average of $22.60. The company has a market cap of $185.73 million, a P/E ratio of 7.99 and a beta of 0.50.

MainStreet Bancshares (NASDAQ:MNSB) last announced its quarterly earnings data on Monday, July 19th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.36. The business had revenue of $14.55 million during the quarter, compared to analyst estimates of $14.01 million. MainStreet Bancshares had a net margin of 35.35% and a return on equity of 17.45%. As a group, sell-side analysts expect that MainStreet Bancshares will post 2.18 earnings per share for the current fiscal year.

MainStreet Bancshares Company Profile

MainStreet Bancshares, Inc is a holding company, which engages in the provision of banking solutions through MainStreet Bank. It offers products and services such as checking, deposits, loans, credit cards, mortgages, and savings. The company was founded on March 28, 2003 and is headquartered in Fairfax, VA.

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