MainStreet Bancshares (NASDAQ:MNSBP) Shares Down 0.4% – Here’s What Happened

MainStreet Bancshares, Inc. (NASDAQ:MNSBPGet Free Report)’s stock price were down 0.4% during trading on Monday . The stock traded as low as $25.13 and last traded at $25.1490. 413 shares traded hands during mid-day trading, a decline of 73% from the average daily volume of 1,541 shares. The stock had previously closed at $25.25.

MainStreet Bancshares Stock Performance

The stock has a 50-day moving average of $25.12 and a 200 day moving average of $24.98.

MainStreet Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were paid a $0.47 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 7.5%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. acquired a new stake in MainStreet Bancshares during the second quarter worth about $9,976,000. GSA Capital Partners LLP acquired a new position in MainStreet Bancshares in the 2nd quarter valued at about $574,000. Bank of New York Mellon Corp acquired a new position in MainStreet Bancshares in the 2nd quarter valued at about $430,000. Finally, Deutsche Bank AG purchased a new stake in shares of MainStreet Bancshares in the 2nd quarter valued at approximately $128,000.

About MainStreet Bancshares

(Get Free Report)

MainStreet Bancshares, Inc is a bank holding company headquartered in Stanwood, Washington, that provides commercial and consumer banking services through its subsidiary, MainStreet Bank. The company’s core activities include deposit-taking, lending, and treasury management, with an emphasis on personalized customer relationships. Through branch offices and digital channels, MainStreet Bancshares aims to serve small to mid-sized businesses, professionals, and individuals across its markets.

MainStreet Bancshares offers a range of deposit products, including checking accounts, savings accounts, money market accounts, certificates of deposit and individual retirement accounts.

Further Reading

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