MainStreet Bancshares, Inc. (NASDAQ:MNSBP – Get Free Report) saw a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 2,624 shares, an increase of 75.8% from the April 15th total of 1,493 shares. Based on an average daily trading volume, of 724 shares, the days-to-cover ratio is currently 3.6 days.
MainStreet Bancshares Trading Up 0.2%
Shares of MNSBP opened at $24.85 on Wednesday. MainStreet Bancshares has a one year low of $23.06 and a one year high of $28.25. The company has a 50-day moving average of $24.99 and a two-hundred day moving average of $24.78.
MainStreet Bancshares Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Friday, March 13th were issued a $0.47 dividend. The ex-dividend date was Friday, March 13th. This is a positive change from MainStreet Bancshares’s previous quarterly dividend of $0.47. This represents a $1.88 annualized dividend and a dividend yield of 7.6%.
MainStreet Bancshares Company Profile
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.
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