MainStreet Bancshares (NASDAQ:MNSB) Announces Earnings Results, Beats Estimates By $0.05 EPS

MainStreet Bancshares (NASDAQ:MNSBGet Rating) released its quarterly earnings results on Monday. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.05, MarketWatch Earnings reports. MainStreet Bancshares had a net margin of 30.08% and a return on equity of 16.49%. The business had revenue of $26.83 million for the quarter, compared to analyst estimates of $19.88 million.

MainStreet Bancshares Stock Up 2.3 %

NASDAQ:MNSB opened at $29.00 on Wednesday. The firm’s 50 day simple moving average is $28.01 and its 200 day simple moving average is $25.61. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.02 and a quick ratio of 1.02. MainStreet Bancshares has a one year low of $20.77 and a one year high of $30.98. The company has a market cap of $215.76 million, a PE ratio of 10.07 and a beta of 0.52.

MainStreet Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 10th. Investors of record on Friday, February 3rd will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, February 2nd. This represents a $0.40 annualized dividend and a yield of 1.38%. MainStreet Bancshares’s dividend payout ratio is presently 13.89%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Alliancebernstein L.P. raised its holdings in MainStreet Bancshares by 14.5% during the 3rd quarter. Alliancebernstein L.P. now owns 397,186 shares of the company’s stock worth $9,060,000 after purchasing an additional 50,424 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of MainStreet Bancshares by 4.9% in the 1st quarter. Vanguard Group Inc. now owns 334,214 shares of the company’s stock valued at $8,125,000 after acquiring an additional 15,627 shares in the last quarter. First Manhattan Co. increased its stake in shares of MainStreet Bancshares by 2.6% in the 1st quarter. First Manhattan Co. now owns 287,364 shares of the company’s stock valued at $6,985,000 after acquiring an additional 7,325 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of MainStreet Bancshares by 2.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 52,728 shares of the company’s stock valued at $1,202,000 after acquiring an additional 1,107 shares in the last quarter. Finally, State Street Corp increased its stake in shares of MainStreet Bancshares by 21.8% in the 3rd quarter. State Street Corp now owns 22,867 shares of the company’s stock valued at $522,000 after acquiring an additional 4,086 shares in the last quarter. Institutional investors own 43.99% of the company’s stock.

Analysts Set New Price Targets

Separately, Stephens raised their target price on shares of MainStreet Bancshares from $28.00 to $32.00 in a report on Monday, November 28th.

About MainStreet Bancshares

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MainStreet Bancshares, Inc is a holding company, which engages in the provision of banking solutions through MainStreet Bank. It offers products and services such as checking, deposits, loans, credit cards, mortgages, and savings. The company was founded on March 28, 2003 and is headquartered in Fairfax, VA.

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Earnings History for MainStreet Bancshares (NASDAQ:MNSB)

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