MainStreet Bancshares (NASDAQ:MNSB) Releases Earnings Results, Beats Estimates By $0.39 EPS

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.

A number of brokerages have recently issued reports on MNSB. TheStreet raised MainStreet Bancshares from a “d+” rating to a “c-” rating in a report on Wednesday, October 7th. Zacks Investment Research raised MainStreet Bancshares from a “sell” rating to a “hold” rating in a report on Wednesday, December 23rd.

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.

See Also: Reverse Stock Split

Earnings History for MainStreet Bancshares (NASDAQ:MNSB)

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