MainStreet Bancshares (NASDAQ:MNSB) Issues Earnings Results

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MainStreet Bancshares (NASDAQ:MNSB) released its quarterly earnings data on Wednesday. The company reported $0.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.39, MarketWatch Earnings reports. MainStreet Bancshares had a return on equity of 8.22% and a net margin of 17.17%.

Shares of MainStreet Bancshares stock opened at $18.30 on Friday. MainStreet Bancshares has a 52 week low of $11.75 and a 52 week high of $23.06. The business’s fifty day simple moving average is $17.08 and its 200-day simple moving average is $15.86. The firm has a market cap of $137.76 million, a PE ratio of 13.07 and a beta of 0.48.

Several equities analysts have recently commented on the company. TheStreet raised MainStreet Bancshares from a “d+” rating to a “c-” rating in a research note on Wednesday, October 7th. Zacks Investment Research raised MainStreet Bancshares from a “sell” rating to a “hold” rating in a research note on Wednesday, December 23rd.

In other news, Director Patsy I. Rust bought 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 28th. The shares were purchased at an average price of $25.68 per share, with a total value of $25,680.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Russell Echlov sold 647,096 shares of the stock in a transaction dated Monday, October 26th. The stock was sold at an average price of $15.20, for a total value of $9,835,859.20. Following the transaction, the director now directly owns 400 shares in the company, valued at approximately $6,080. The disclosure for this sale can be found here. Corporate insiders own 5.62% of the company’s stock.

MainStreet Bancshares Company Profile

MainStreet Bancshares, Inc operates as the bank holding company for MainStreet Bank that provides various banking products and services for individuals, small to medium-sized businesses, and professional service organizations primarily in Northern Virginia and the greater Washington, the District of Columbia metropolitan area.

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Earnings History for MainStreet Bancshares (NASDAQ:MNSB)

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