MainStreet Bank (NASDAQ:MNSB) Now Covered by Analysts at Zacks Research

Zacks Research initiated coverage on shares of MainStreet Bank (NASDAQ:MNSB) in a research note issued to investors on Wednesday,Zacks reports. The brokerage issued a hold rating on the stock.

Separately, Weiss Ratings restated a “buy (b-)” rating on shares of MainStreet Bank in a research report on Friday, September 18th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

MainStreet Bank Price Performance

NASDAQ:MNSB opened at $21.49 on Wednesday. The firm has a market cap of $153.01 million, a price-to-earnings ratio of 11.02 and a beta of 0.57. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.37. The company’s 50-day moving average is $24.57 and its two-hundred day moving average is $23.39. MainStreet Bank has a 12-month low of $17.86 and a 12-month high of $25.86.

MainStreet Bank (NASDAQ:MNSB) last issued its quarterly earnings results on Monday, October 26th. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.03). The firm had revenue of $19.45 million for the quarter, compared to analysts’ expectations of $21.80 million. MainStreet Bank had a return on equity of 8.70% and a net margin of 12.51%. Research analysts expect that MainStreet Bank will post 2.09 EPS for the current year.

MainStreet Bank Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 17th. Investors of record on Tuesday, November 10th will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, November 10th. This represents a $0.40 annualized dividend and a yield of 1.9%. MainStreet Bank’s dividend payout ratio is 20.51%.

Institutional Trading of MainStreet Bank

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its holdings in MainStreet Bank by 20.4% in the first quarter. Dimensional Fund Advisors LP now owns 166,633 shares of the company’s stock valued at $3,699,000 after purchasing an additional 28,282 shares during the period. Toth Financial Advisory Corp raised its stake in MainStreet Bank by 1,204.4% during the third quarter. Toth Financial Advisory Corp now owns 7,109 shares of the company’s stock worth $176,000 after purchasing an additional 6,564 shares during the period. Empowered Funds LLC raised its stake 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 purchasing an additional 3,034 shares during the period. Cassaday & Co Wealth Management LLC acquired a new position in shares of MainStreet Bank in the 1st quarter valued at $61,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of MainStreet Bank in the 3rd quarter valued at $29,000. Hedge funds and other institutional investors own 52.29% of the company’s stock.

MainStreet Bank Company Profile

MainStreet Bank is a community bank headquartered in Fairfax, Virginia, and the banking subsidiary of MainStreet Bancshares, Inc, which trades on the Nasdaq under the symbol MNSB. The bank serves businesses, professionals and individuals in Northern Virginia and the broader Washington, DC, metropolitan area.

The bank provides commercial and consumer banking services, including business and personal checking and savings accounts, certificates of deposit, commercial real estate loans, business loans, residential lending and consumer credit.