MainStreet Bancshares (NASDAQ:MNSB) announced its quarterly earnings results on Wednesday. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 MNSB opened at $18.30 on Friday. The business has a 50-day simple moving average of $17.08 and a two-hundred day simple moving average of $15.86. The stock has a market cap of $137.76 million, a price-to-earnings ratio of 13.07 and a beta of 0.48. MainStreet Bancshares has a 52 week low of $11.75 and a 52 week high of $23.06.
In related news, Director Patsy I. Rust purchased 1,000 shares of MainStreet Bancshares stock in a transaction on Wednesday, October 28th. The stock was acquired at an average price of $25.68 per share, for a total transaction of $25,680.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Russell Echlov sold 647,096 shares of the company’s 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 completion of the sale, the director now owns 400 shares of the company’s stock, valued at approximately $6,080. The disclosure for this sale can be found here. Corporate insiders own 5.62% of the company’s stock.
About MainStreet Bancshares
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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