MainStreet Bancshares (NASDAQ:MNSB) Posts Quarterly Earnings Results, Beats Expectations By $0.39 EPS

MainStreet Bancshares (NASDAQ:MNSB) released its quarterly earnings data on Wednesday. The company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.39, MarketWatch Earnings reports. MainStreet Bancshares had a return on equity of 8.22% and a net margin of 17.17%.

MNSB opened at $18.30 on Friday. The stock’s 50 day moving average price is $17.08 and its two-hundred day moving average price is $15.86. The firm has a market capitalization of $137.76 million, a P/E ratio of 13.07 and a beta of 0.48. MainStreet Bancshares has a 12-month low of $11.75 and a 12-month high of $23.06.

In other MainStreet Bancshares news, Director Russell Echlov sold 647,096 shares of the stock in a transaction on Monday, October 26th. The shares were sold at an average price of $15.20, for a total value of $9,835,859.20. Following the completion of the sale, the director now directly owns 400 shares of the company’s stock, valued at approximately $6,080. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Patsy I. Rust acquired 1,000 shares of the company’s stock in a transaction dated Wednesday, October 28th. The shares were bought at an average price of $25.68 per share, for a total transaction of $25,680.00. The disclosure for this purchase can be found here. 5.62% of the stock is owned by insiders.

Several equities research analysts recently issued reports on MNSB shares. TheStreet raised shares of MainStreet Bancshares from a “d+” rating to a “c-” rating in a research note on Wednesday, October 7th. Zacks Investment Research upgraded MainStreet Bancshares from a “sell” rating to a “hold” rating in a research note on Wednesday, December 23rd.

About MainStreet Bancshares

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 primarily in Northern Virginia and the greater Washington, the District of Columbia metropolitan area.

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Earnings History for MainStreet Bancshares (NASDAQ:MNSB)

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