Zacks Research Begins Coverage on MainStreet Bank (NASDAQ:MNSB)

Key Points

• Zacks Research initiated coverage of MainStreet Bank with a “Hold” rating, while Weiss Ratings reiterated a “Buy (b-)” rating. The stock’s overall analyst consensus is “Moderate Buy.”
• MainStreet Bank’s latest quarterly results fell short of expectations, with EPS of $0.43 versus the $0.46 estimate and revenue of $19.45 million versus $21.80 million expected.
• MNSB shares opened at $21.49, below their 50-day and 200-day moving averages, with a market capitalization of approximately $153 million. Institutional investors own 52.29% of the stock.

Equities research analysts at Zacks Research assumed coverage on shares of MainStreet Bank (NASDAQ:MNSB - Get Free Report) in a research note issued on Wednesday, Zacks reports. The firm set a "hold" rating on the stock.

Separately, Weiss Ratings reissued a "buy (b-)" rating on shares of MainStreet Bank in a research report on Friday, September 18th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy".

MainStreet Bank Stock Performance

Shares of MNSB opened at $21.49 on Wednesday. The company has a market cap of $153.01 million, a price-to-earnings ratio of 11.02 and a beta of 0.57. The business's fifty day simple moving average is $24.57 and its two-hundred day simple moving average is $23.39. MainStreet Bank has a 12 month low of $17.86 and a 12 month high of $25.86. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.37.

MainStreet Bank (NASDAQ:MNSB - Get Free Report) last announced its quarterly earnings results on Monday, October 26th. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.46 by ($0.03). The business had revenue of $19.45 million for the quarter, compared to the consensus estimate of $21.80 million. MainStreet Bank had a net margin of 12.51% and a return on equity of 8.70%. Research analysts anticipate that MainStreet Bank will post 2.09 earnings per share for the current fiscal year.

Institutional Investors Weigh In On MainStreet Bank

A number of large investors have recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of MainStreet Bank in the 3rd quarter worth approximately $29,000. Cassaday & Co Wealth Management LLC bought a new stake in MainStreet Bank during the first quarter valued at approximately $61,000. Toth Financial Advisory Corp grew its position in shares of MainStreet Bank by 1,204.4% during the 3rd quarter. Toth Financial Advisory Corp now owns 7,109 shares of the company's stock valued at $176,000 after acquiring an additional 6,564 shares during the period. Empowered Funds LLC grew its position in shares of MainStreet Bank by 9.7% during the 1st quarter. Empowered Funds LLC now owns 34,396 shares of the company's stock valued at $764,000 after acquiring an additional 3,034 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of MainStreet Bank by 20.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 166,633 shares of the company's stock worth $3,699,000 after purchasing an additional 28,282 shares in the last quarter. 52.29% of the stock is currently owned by institutional investors.

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.

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