MainStreet Bancshares, Inc. (NASDAQ:MNSB – Get Free Report) Director Charles C. Brockett purchased 710 shares of the company’s stock in a transaction that occurred on Wednesday, April 24th. The shares were acquired at an average cost of $16.40 per share, for a total transaction of $11,644.00. Following the completion of the transaction, the director now directly owns 92,318 shares of the company’s stock, valued at approximately $1,514,015.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
MainStreet Bancshares Stock Performance
Shares of MNSB stock opened at $15.61 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.09 and a quick ratio of 1.09. MainStreet Bancshares, Inc. has a fifty-two week low of $15.20 and a fifty-two week high of $25.97. The stock’s 50-day moving average is $17.70 and its two-hundred day moving average is $20.12. The firm has a market cap of $118.79 million, a P/E ratio of 6.03 and a beta of 0.45.
MainStreet Bancshares (NASDAQ:MNSB – Get Free Report) last released its quarterly earnings results on Monday, January 22nd. The company reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.07). The company had revenue of $33.94 million for the quarter, compared to the consensus estimate of $21.03 million. MainStreet Bancshares had a return on equity of 11.56% and a net margin of 16.55%. During the same quarter last year, the company posted $0.95 EPS. Analysts predict that MainStreet Bancshares, Inc. will post 2.05 earnings per share for the current fiscal year.
MainStreet Bancshares Dividend Announcement
Institutional Trading of MainStreet Bancshares
Several large investors have recently made changes to their positions in MNSB. Provident Wealth Management LLC boosted its stake in MainStreet Bancshares by 18.4% during the 1st quarter. Provident Wealth Management LLC now owns 14,554 shares of the company’s stock valued at $264,000 after purchasing an additional 2,260 shares during the period. Mendon Capital Advisors Corp bought a new stake in MainStreet Bancshares during the 4th quarter valued at approximately $1,066,000. BHZ Capital Management LP boosted its stake in MainStreet Bancshares by 46.0% during the 4th quarter. BHZ Capital Management LP now owns 53,873 shares of the company’s stock valued at $1,337,000 after purchasing an additional 16,975 shares during the period. Cutler Capital Management LLC boosted its stake in MainStreet Bancshares by 13.0% during the 4th quarter. Cutler Capital Management LLC now owns 110,269 shares of the company’s stock valued at $2,736,000 after purchasing an additional 12,685 shares during the period. Finally, AJOVista LLC bought a new stake in MainStreet Bancshares during the 4th quarter valued at approximately $55,000. Institutional investors own 52.29% of the company’s stock.
Wall Street Analyst Weigh In
Separately, TheStreet lowered MainStreet Bancshares from a “b-” rating to a “c+” rating in a research report on Monday, March 4th.
Get Our Latest Stock Analysis on MainStreet Bancshares
MainStreet Bancshares Company Profile
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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