MainStreet Bank (NASDAQ:MNSB) Shares Down 0.4% – Here’s What Happened

by · The Markets Daily

Shares of MainStreet Bank (NASDAQ:MNSB – Get Free Report) fell 0.4% on Thursday. The company traded as low as $24.11 and last traded at $24.27. 19,925 shares traded hands during trading, a decline of 28% from the average session volume of 27,812 shares. The stock had previously closed at $24.37.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “buy (b-)” rating on shares of MainStreet Bank in a research note on Friday, September 18th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Get Our Latest Analysis on MNSB

MainStreet Bank Trading Down 0.4%

The stock has a 50-day moving average price of $24.93 and a two-hundred day moving average price of $24.06. The stock has a market capitalization of $172.80 million, a PE ratio of 11.90 and a beta of 0.57. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.06 and a current ratio of 1.06.

MainStreet Bank (NASDAQ:MNSB – Get Free Report) last posted its quarterly earnings results on Monday, July 20th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The business had revenue of $19.13 million for the quarter, compared to analysts’ expectations of $21.10 million. MainStreet Bank had a return on equity of 9.16% and a net margin of 13.24%.

MainStreet Bank Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 11th. Stockholders of record on Tuesday, August 4th were issued a $0.10 dividend. The ex-dividend date was Tuesday, August 4th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.6%. MainStreet Bank’s payout ratio is 19.61%.

Institutional Investors Weigh In On MainStreet Bank

Several large investors have recently added to or reduced their stakes in MNSB. Dimensional Fund Advisors LP lifted its stake in shares of MainStreet Bank by 20.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 166,633 shares of the company’s stock worth $3,699,000 after acquiring an additional 28,282 shares during the last quarter. Toth Financial Advisory Corp boosted its holdings in shares of MainStreet Bank by 1,204.4% in the third quarter. Toth Financial Advisory Corp now owns 7,109 shares of the company’s stock valued at $176,000 after purchasing an additional 6,564 shares during the period. Empowered Funds LLC lifted its holdings in shares of MainStreet Bank by 9.7% in the 1st quarter. Empowered Funds LLC now owns 34,396 shares of the company’s stock worth $764,000 after buying an additional 3,034 shares during the period. Finally, Cassaday & Co Wealth Management LLC purchased a new stake in MainStreet Bank in the first quarter worth about $61,000. 52.29% of the stock is owned by institutional investors.

MainStreet Bank Company Profile

(Get Free Report)

MainStreet Bancshares, Inc is the bank holding company for MainStreet Bank, a community-focused financial institution headquartered in Fairfax, Virginia. The bank serves businesses, professionals, nonprofit organizations and individuals in the Washington, DC, metropolitan region.

MainStreet Bank provides commercial and retail banking services, including business and consumer lending, commercial real estate financing, residential mortgage products, deposit accounts and cash-management services.

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