MainStreet Bank (NASDAQ:MNSB) Raised to "Buy" at Wall Street Zen

Key Points

• MainStreet Bank has been upgraded from a "hold" to a "buy" rating by Wall Street Zen, indicating a potential positive outlook for the stock.
• Despite the upgrade, other analysts, including Zacks Research and Weiss Ratings, have issued mixed ratings on the stock, with a general consensus rating of "Reduce."
• MainStreet Bank's stock saw a 4.0% increase recently, and the company reported earnings of $0.53 per share, exceeding expectations of $0.44.

MainStreet Bank (NASDAQ:MNSB - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report issued on Saturday.

A number of other analysts have also recently commented on MNSB. Zacks Research cut MainStreet Bank from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 29th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of MainStreet Bank in a research note on Wednesday, October 8th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, MainStreet Bank has a consensus rating of "Reduce".

MainStreet Bank Trading Up 4.0%

NASDAQ MNSB opened at $19.40 on Friday. The stock has a 50-day simple moving average of $20.89 and a 200 day simple moving average of $19.69. The company has a market capitalization of $149.57 million, a PE ratio of -13.29 and a beta of 0.58. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.38. MainStreet Bank has a 12 month low of $15.00 and a 12 month high of $22.98.

MainStreet Bank (NASDAQ:MNSB - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The company reported $0.53 EPS for the quarter, beating analysts' consensus estimates of $0.44 by $0.09. The business had revenue of $19.86 million during the quarter, compared to the consensus estimate of $18.90 million. MainStreet Bank had a positive return on equity of 3.72% and a negative net margin of 6.34%. Research analysts forecast that MainStreet Bank will post 1.1 EPS for the current year.

Institutional Trading of MainStreet Bank

A number of large investors have recently bought and sold shares of MNSB. Fourthstone LLC increased its stake in MainStreet Bank by 918.4% during the 2nd quarter. Fourthstone LLC now owns 338,085 shares of the company's stock worth $6,390,000 after purchasing an additional 304,886 shares in the last quarter. Geode Capital Management LLC increased its position in shares of MainStreet Bank by 128.4% during the second quarter. Geode Capital Management LLC now owns 153,516 shares of the company's stock worth $2,902,000 after acquiring an additional 86,303 shares in the last quarter. StoneX Group Inc. bought a new stake in shares of MainStreet Bank during the second quarter worth $452,000. Cresset Asset Management LLC increased its holdings in MainStreet Bank by 5.1% during the 1st quarter. Cresset Asset Management LLC now owns 336,207 shares of the company's stock worth $5,621,000 after purchasing an additional 16,337 shares in the last quarter. Finally, Atlantic Union Bankshares Corp bought a new position in MainStreet Bank during the 2nd quarter worth about $238,000. 52.29% of the stock is owned by institutional investors.

About MainStreet Bank

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.

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