MainStreet Bank (NASDAQ:MNSB) Stock Price Down 0.4% – Here’s What Happened

Shares of MainStreet Bank (NASDAQ:MNSB) traded down 0.4% during trading on Thursday . The stock traded as low as $20.91 and last traded at $21.49. 23,043 shares traded hands during mid-day trading, a decline of 65% from the average session volume of 65,533 shares. The stock had previously closed at $21.57.

Analyst Ratings Changes

Several research firms recently weighed in on MNSB. Weiss Ratings reiterated a “sell (d+)” rating on shares of MainStreet Bank in a report on Monday, December 29th. Zacks Research upgraded MainStreet Bank from a “strong sell” rating to a “hold” rating in a research report on Monday, December 29th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

MainStreet Bank Trading Down 0.4%

The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market cap of $165.69 million, a PE ratio of 12.21 and a beta of 0.60. The company’s 50 day moving average price is $21.51 and its 200 day moving average price is $20.66.

MainStreet Bank (NASDAQ:MNSB) last released its earnings results on Monday, January 26th. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.03). MainStreet Bank had a return on equity of 8.37% and a net margin of 11.51%.The business had revenue of $2.24 million for the quarter, compared to analyst estimates of $19.60 million. As a group, analysts forecast that MainStreet Bank will post 1.1 EPS for the current fiscal year.

MainStreet Bank Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 16th. Stockholders of record on Monday, February 9th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Monday, February 9th. MainStreet Bank’s dividend payout ratio (DPR) is presently 22.73%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of MNSB. State Street Corp boosted its stake in shares of MainStreet Bank by 0.8% in the 4th quarter. State Street Corp now owns 73,562 shares of the company’s stock valued at $1,498,000 after buying an additional 582 shares during the period. BNP Paribas Financial Markets lifted its stake in MainStreet Bank by 58.5% in the third quarter. BNP Paribas Financial Markets now owns 1,761 shares of the company’s stock worth $37,000 after acquiring an additional 650 shares during the last quarter. Creative Planning grew its holdings in MainStreet Bank by 5.6% during the 3rd quarter. Creative Planning now owns 22,169 shares of the company’s stock worth $462,000 after acquiring an additional 1,169 shares in the last quarter. Cresset Asset Management LLC grew its holdings in MainStreet Bank by 0.4% during the 3rd quarter. Cresset Asset Management LLC now owns 335,723 shares of the company’s stock worth $6,993,000 after acquiring an additional 1,254 shares in the last quarter. Finally, Empowered Funds LLC increased its position in shares of MainStreet Bank by 3.8% in the 1st quarter. Empowered Funds LLC now owns 34,329 shares of the company’s stock valued at $574,000 after purchasing an additional 1,265 shares during the last quarter. 52.29% of the stock is owned by institutional investors and hedge funds.

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.