402,288 Shares in Mainstreet Bank Common Stock (Virginia) (OTCMKTS:MNSB) Purchased by EJF Capital LLC

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EJF Capital LLC acquired a new position in Mainstreet Bank Common Stock (Virginia) (OTCMKTS:MNSB) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 402,288 shares of the company’s stock, valued at approximately $9,168,000.

A number of other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. acquired a new position in Mainstreet Bank Common Stock (Virginia) in the 2nd quarter worth about $2,632,000. Pathstone Family Office LLC acquired a new position in shares of Mainstreet Bank Common Stock (Virginia) during the 2nd quarter valued at about $48,000. Castine Capital Management LLC acquired a new position in shares of Mainstreet Bank Common Stock (Virginia) during the 2nd quarter valued at about $4,889,000. Tower Research Capital LLC TRC acquired a new position in shares of Mainstreet Bank Common Stock (Virginia) during the 2nd quarter valued at about $129,000. Finally, BlackRock Inc. acquired a new position in shares of Mainstreet Bank Common Stock (Virginia) during the 2nd quarter valued at about $7,776,000. 14.56% of the stock is owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research lowered Mainstreet Bank Common Stock (Virginia) from a “buy” rating to a “hold” rating in a report on Wednesday.

MNSB traded up $0.06 during midday trading on Thursday, reaching $21.21. The company’s stock had a trading volume of 2,796 shares, compared to its average volume of 16,698. The stock has a market cap of $172.84 million, a P/E ratio of 15.37 and a beta of 0.48. The company has a fifty day simple moving average of $21.31 and a 200 day simple moving average of $22.47. Mainstreet Bank Common Stock has a twelve month low of $16.62 and a twelve month high of $25.50.

Mainstreet Bank Common Stock (Virginia) (OTCMKTS:MNSB) last released its earnings results on Monday, July 15th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.04. The business had revenue of $11.23 million during the quarter, compared to analyst estimates of $10.73 million. As a group, sell-side analysts expect that Mainstreet Bank Common Stock will post 1.55 earnings per share for the current year.

Mainstreet Bank Common Stock (Virginia) Profile

MainStreet Bancshares, Inc operates as the bank holding company for MainStreet Bank that provides various banking services for businesses and individuals. It offers a range of deposit products, such as checking accounts, savings accounts, money market accounts, and certificate of deposits. The company also provides loans for construction, renovations and improvements, commercial real estate, rental property, working capital, business, and land loans, as well as government contract loans, line of credit or seasonal line of credit, mortgage loans, auto loans, and term loans.

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Want to see what other hedge funds are holding MNSB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mainstreet Bank Common Stock (Virginia) (OTCMKTS:MNSB).

Institutional Ownership by Quarter for Mainstreet Bank Common Stock (Virginia) (OTCMKTS:MNSB)

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