MainStreet Bank (NASDAQ:MNSB) Issues Earnings Results

MainStreet Bank (NASDAQ:MNSB) issued its earnings results on Monday. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.15), Zacks reports. MainStreet Bank had a net margin of 13.24% and a return on equity of 9.16%. The company had revenue of $19.45 million during the quarter, compared to analysts’ expectations of $21.80 million.

MainStreet Bank Stock Down 13.1%

MNSB stock opened at $21.22 on Tuesday. The firm has a market cap of $151.09 million, a PE ratio of 10.40 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. The firm’s 50 day moving average price is $24.78 and its 200-day moving average price is $23.37. MainStreet Bank has a one year low of $17.86 and a one year high of $25.86.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of MainStreet Bank in a report on Friday, September 18th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

About MainStreet Bank

MainStreet Bank is a community bank headquartered in Fairfax, Virginia, and the banking subsidiary of MainStreet Bancshares, Inc, which trades on the Nasdaq under the symbol MNSB. The bank serves businesses, professionals and individuals in Northern Virginia and the broader Washington, DC, metropolitan area.

The bank provides commercial and consumer banking services, including business and personal checking and savings accounts, certificates of deposit, commercial real estate loans, business loans, residential lending and consumer credit.