MainStreet Bank (NASDAQ:MNSB - Get Free Report) posted its quarterly earnings results on Tuesday. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.09, Zacks reports. MainStreet Bank had a negative net margin of 6.34% and a positive return on equity of 3.71%. The firm had revenue of $19.86 million during the quarter, compared to analyst estimates of $18.90 million.
MainStreet Bank Price Performance
NASDAQ:MNSB traded down $0.08 during mid-day trading on Friday, hitting $21.23. The company's stock had a trading volume of 2,883 shares, compared to its average volume of 24,354. The company has a market capitalization of $163.43 million, a price-to-earnings ratio of -14.54 and a beta of 0.56. The stock has a fifty day moving average of $19.29 and a 200-day moving average of $17.83. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.40. MainStreet Bank has a fifty-two week low of $15.00 and a fifty-two week high of $22.76.
Institutional Trading of MainStreet Bank
An institutional investor recently raised its position in MainStreet Bank stock. Jane Street Group LLC raised its position in shares of MainStreet Bank (NASDAQ:MNSB - Free Report) by 33.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,270 shares of the company's stock after buying an additional 5,313 shares during the period. Jane Street Group LLC owned about 0.28% of MainStreet Bank worth $356,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 52.29% of the company's stock.
MainStreet Bank Company Profile
(
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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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