MainStreet Bank (NASDAQ:MNSB) Stock Falls 0.4% – Time to Sell?

MainStreet Bank (NASDAQ:MNSB) shares were down 0.4% during trading on Thursday. The company traded as low as $24.11 and last traded at $24.27. Approximately 19,925 shares changed hands during trading, a decline of 28% from the average session volume of 27,812 shares. The stock had previously closed at $24.37.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of MainStreet Bank in a research note on Friday, September 18th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, MainStreet Bank has an average rating of “Moderate Buy”.

MainStreet Bank Price Performance

The company’s 50-day moving average price is $24.93 and its 200-day moving average price is $24.06. The company has a market cap of $170.52 million, a P/E ratio of 11.74 and a beta of 0.57. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.06 and a quick ratio of 1.06.

MainStreet Bank (NASDAQ:MNSB) last issued its quarterly earnings results on Monday, July 20th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.05. MainStreet Bank had a net margin of 13.24% and a return on equity of 9.16%. The company had revenue of $19.13 million during the quarter, compared to analysts’ expectations of $21.10 million.

MainStreet Bank Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 11th. Investors of record on Tuesday, August 4th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.7%. The ex-dividend date was Tuesday, August 4th. MainStreet Bank’s dividend payout ratio (DPR) is 19.61%.

Hedge Funds Weigh In On MainStreet Bank

Several institutional investors and hedge funds have recently modified their holdings of MNSB. Cassaday & Co Wealth Management LLC acquired a new position in MainStreet Bank in the 1st quarter valued at about $61,000. Toth Financial Advisory Corp raised its position in shares of MainStreet Bank by 1,204.4% in the third quarter. Toth Financial Advisory Corp now owns 7,109 shares of the company’s stock valued at $176,000 after buying an additional 6,564 shares in the last quarter. Empowered Funds LLC grew its position in MainStreet Bank by 9.7% during the first quarter. Empowered Funds LLC now owns 34,396 shares of the company’s stock worth $764,000 after buying an additional 3,034 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in MainStreet Bank by 20.4% during the first quarter. Dimensional Fund Advisors LP now owns 166,633 shares of the company’s stock worth $3,699,000 after buying an additional 28,282 shares in the last quarter. 52.29% of the stock is currently owned by institutional investors and hedge funds.

MainStreet Bank Company Profile

MainStreet Bancshares, Inc is the bank holding company for MainStreet Bank, a community-focused financial institution headquartered in Fairfax, Virginia. The bank serves businesses, professionals, nonprofit organizations and individuals in the Washington, DC, metropolitan region.

MainStreet Bank provides commercial and retail banking services, including business and consumer lending, commercial real estate financing, residential mortgage products, deposit accounts and cash-management services.