MainStreet Bancshares (NASDAQ:MNSB) Announces Earnings Results

MainStreet Bancshares (NASDAQ:MNSB) released its earnings results on Monday. The company reported ($0.04) EPS for the quarter, hitting the consensus estimate of ($0.04), Zacks reports. MainStreet Bancshares had a net margin of 12.99% and a return on equity of 9.00%. The company had revenue of $34.48 million during the quarter, compared to analysts’ expectations of $16.03 million. During the same quarter last year, the business earned $0.77 EPS.

MainStreet Bancshares Price Performance

Shares of NASDAQ:MNSB opened at $17.60 on Wednesday. MainStreet Bancshares has a 52 week low of $14.97 and a 52 week high of $25.97. The company has a 50-day moving average price of $17.68 and a 200 day moving average price of $17.17. The company has a market cap of $133.80 million, a P/E ratio of 14.67 and a beta of 0.56. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.37.

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. The company offers demand, NOW, money market, savings, and sweep accounts, as well as certificates of deposit; business and consumer checking, interest-bearing checking, business account analysis, and other depository services; and cash management, wire transfer, check imaging, bill pay, remote deposit capture, and courier services.