MainStreet Bank (NASDAQ:MNSB – Get Free Report) released its earnings results on Monday. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.05, Zacks reports. MainStreet Bank had a return on equity of 9.13% and a net margin of 12.94%.
MainStreet Bank Stock Performance
Shares of MNSB opened at $24.49 on Monday. The company has a market capitalization of $174.36 million, a PE ratio of 12.31 and a beta of 0.53. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.07. MainStreet Bank has a one year low of $17.86 and a one year high of $25.28. The company’s fifty day moving average price is $23.76 and its 200 day moving average price is $22.65.
MainStreet Bank Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, May 11th. Investors of record on Monday, May 4th were paid a $0.10 dividend. The ex-dividend date was Monday, May 4th. This represents a $0.40 dividend on an annualized basis and a yield of 1.6%. MainStreet Bank’s dividend payout ratio (DPR) is presently 20.10%.
Insider Activity
Institutional Trading of MainStreet Bank
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mendon Capital Advisors Corp increased its position in MainStreet Bank by 22.8% in the 4th quarter. Mendon Capital Advisors Corp now owns 47,312 shares of the company’s stock worth $963,000 after buying an additional 8,786 shares during the period. Empowered Funds LLC increased its position in MainStreet Bank by 9.6% during the fourth quarter. Empowered Funds LLC now owns 31,362 shares of the company’s stock worth $639,000 after acquiring an additional 2,755 shares during the period. Bridgeway Capital Management LLC raised its stake in MainStreet Bank by 17.7% during the 4th quarter. Bridgeway Capital Management LLC now owns 60,742 shares of the company’s stock valued at $1,237,000 after purchasing an additional 9,155 shares during the last quarter. Trexquant Investment LP bought a new stake in MainStreet Bank in the 4th quarter valued at $239,000. Finally, Squarepoint Ops LLC acquired a new stake in MainStreet Bank during the fourth quarter worth about $701,000. Institutional investors and hedge funds own 52.29% of the company’s stock.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings raised shares of MainStreet Bank from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, June 23rd. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.
View Our Latest Report on MNSB
MainStreet Bank Company Profile
MainStreet Bank Group, Inc (NASDAQ: MNSB) is the bank holding company for MainStreet Bank, a community bank headquartered in Westborough, Massachusetts. Through its subsidiary, the company provides a full range of commercial and consumer banking services designed to meet the financial needs of individuals, small businesses, and non-profit organizations. Its core focus is on building long‐term relationships within the communities it serves.
MainStreet Bank’s product suite includes deposit accounts such as checking, savings, money market and certificate of deposit offerings, as well as a variety of lending solutions.
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