MainStreet Bancshares (NASDAQ:MNSB) Posts Quarterly Earnings Results, Beats Expectations By $0.05 EPS

MainStreet Bancshares (NASDAQ:MNSBGet Rating) issued its quarterly earnings results on Monday. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.90 by $0.05, MarketWatch Earnings reports. MainStreet Bancshares had a return on equity of 14.78% and a net margin of 30.01%. The firm had revenue of $26.83 million during the quarter, compared to analysts’ expectations of $19.88 million.

MainStreet Bancshares Price Performance

Shares of MNSB traded up $0.65 during trading hours on Tuesday, hitting $29.00. 27,508 shares of the stock were exchanged, compared to its average volume of 21,447. The stock’s 50-day moving average price is $28.01 and its two-hundred day moving average price is $25.61. The company has a market cap of $215.62 million, a price-to-earnings ratio of 9.84 and a beta of 0.52. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.02 and a current ratio of 1.02. MainStreet Bancshares has a 12-month low of $20.77 and a 12-month high of $30.98.

MainStreet Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 10th. Investors of record on Friday, February 3rd will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.38%. The ex-dividend date is Thursday, February 2nd. MainStreet Bancshares’s payout ratio is 13.89%.

Wall Street Analyst Weigh In

Separately, Stephens boosted their price target on MainStreet Bancshares from $28.00 to $32.00 in a research report on Monday, November 28th.

Hedge Funds Weigh In On MainStreet Bancshares

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Alliancebernstein L.P. boosted its stake in MainStreet Bancshares by 14.5% during the third quarter. Alliancebernstein L.P. now owns 397,186 shares of the company’s stock worth $9,060,000 after buying an additional 50,424 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of MainStreet Bancshares by 4.9% in the 1st quarter. Vanguard Group Inc. now owns 334,214 shares of the company’s stock valued at $8,125,000 after purchasing an additional 15,627 shares during the last quarter. First Manhattan Co. lifted its stake in shares of MainStreet Bancshares by 2.6% in the 1st quarter. First Manhattan Co. now owns 287,364 shares of the company’s stock valued at $6,985,000 after purchasing an additional 7,325 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of MainStreet Bancshares by 1.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 50,261 shares of the company’s stock valued at $1,222,000 after purchasing an additional 806 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of MainStreet Bancshares by 21.8% in the 3rd quarter. State Street Corp now owns 22,867 shares of the company’s stock valued at $522,000 after purchasing an additional 4,086 shares during the last quarter. Institutional investors and hedge funds own 43.99% of the company’s stock.

MainStreet Bancshares Company Profile

(Get Rating)

MainStreet Bancshares, Inc is a holding company, which engages in the provision of banking solutions through MainStreet Bank. It offers products and services such as checking, deposits, loans, credit cards, mortgages, and savings. The company was founded on March 28, 2003 and is headquartered in Fairfax, VA.

See Also

Earnings History for MainStreet Bancshares (NASDAQ:MNSB)

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