MainStreet Bank (NASDAQ:MNSB - Get Free Report) issued its quarterly earnings results on Tuesday. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $19.86 million for the quarter, compared to analyst estimates of $18.90 million.
MainStreet Bank Price Performance
MNSB traded down $0.17 on Thursday, hitting $21.50. 7,933 shares of the company were exchanged, compared to its average volume of 24,443. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.08 and a current ratio of 1.08. The business's fifty day moving average is $19.26 and its 200 day moving average is $17.80. MainStreet Bank has a fifty-two week low of $15.00 and a fifty-two week high of $22.76. The firm has a market capitalization of $165.51 million, a P/E ratio of -14.72 and a beta of 0.56.
Institutional Inflows and Outflows
An institutional investor recently raised its position in MainStreet Bank stock. Jane Street Group LLC grew its holdings in MainStreet Bank (NASDAQ:MNSB - Free Report) by 33.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,270 shares of the company's stock after purchasing an additional 5,313 shares during the quarter. Jane Street Group LLC owned approximately 0.28% of MainStreet Bank worth $356,000 at the end of the most recent quarter. Hedge funds and other institutional investors 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.
Further Reading
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