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FAIRFAX, Va.—Jeff W. Dick, the Chairman, President, and CEO of MainStreet Bancshares, Inc. (NASDAQ:MNSB), recently acquired additional shares of the company’s common stock. According to a recent SEC filing, Dick purchased 118 shares at a price of $16.4599 per share on February 21, 2025. This transaction amounted to a total investment of approximately $1,942. The purchase comes as the small-cap bank, valued at $120.44 million, trades at 0.67 times book value and offers a 2.46% dividend yield.
Following this purchase, Dick now holds 194,514 shares directly. Additionally, he maintains an indirect ownership of 55,091 shares through a 401(k) plan. This acquisition reflects Dick’s ongoing commitment to the company he leads, as MainStreet Bancshares continues to navigate the financial landscape. While currently unprofitable, InvestingPro analysis indicates positive momentum ahead, with analysts forecasting a return to profitability this year.
In other recent news, MainStreet Bancshares has declared a cash dividend of $0.10 per share for its common stock shareholders, with payment scheduled for February 17, 2025. This decision aligns with the company’s ongoing practice of rewarding shareholders while maintaining a stable financial position. The company’s Board of Directors emphasized that future dividends will depend on financial health and operational results. Additionally, MainStreet Bancshares has rescheduled its quarterly earnings conference call to January 27, 2025, where it will discuss fourth-quarter and year-end financial performance. This change underscores the company’s commitment to providing timely financial information to its stakeholders. Previously, the company had announced a webcast for January 21, 2025, to discuss the same financial results and corporate updates. The rescheduling reflects the company’s adherence to regulatory disclosure requirements, ensuring transparency. These recent developments highlight MainStreet Bancshares’ focus on maintaining shareholder value and providing clear communication about its financial performance.
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