Empowered Funds LLC Makes New Investment in MainStreet Bancshares, Inc. $MNSBP

Empowered Funds LLC bought a new position in shares of MainStreet Bancshares, Inc. (NASDAQ:MNSBP) during the second quarter, Holdings Channel reports. The fund bought 37,171 shares of the company’s stock, valued at approximately $918,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. acquired a new position in MainStreet Bancshares in the 2nd quarter valued at about $9,976,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in MainStreet Bancshares in the 2nd quarter valued at approximately $750,000. GSA Capital Partners LLP purchased a new position in MainStreet Bancshares in the 2nd quarter valued at approximately $574,000. Bank of New York Mellon Corp acquired a new position in shares of MainStreet Bancshares in the second quarter worth $430,000. Finally, Deutsche Bank AG purchased a new stake in shares of MainStreet Bancshares during the second quarter worth $128,000.

MainStreet Bancshares Trading Down 0.1%

Shares of MainStreet Bancshares stock opened at $25.48 on Friday. The company has a 50 day moving average of $25.31 and a 200 day moving average of $25.10. MainStreet Bancshares, Inc. has a 52-week low of $23.22 and a 52-week high of $27.74.

MainStreet Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a $0.47 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $1.88 dividend on an annualized basis and a yield of 7.4%.

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.