Zacks Research Begins Coverage on MainStreet Bank (NASDAQ:MNSB)

Investment analysts at Zacks Research initiated coverage on shares of MainStreet Bank (NASDAQ:MNSB) in a note issued to investors on Wednesday, Zacks reports. The firm set a “hold” rating on the stock.

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of MainStreet Bank in a 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 company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

MainStreet Bank Trading Up 0.3%

NASDAQ:MNSB opened at $21.49 on Wednesday. The firm has a market cap of $153.01 million, a PE ratio of 11.02 and a beta of 0.57. The stock has a fifty day moving average price of $24.57 and a 200 day moving average price of $23.39. MainStreet Bank has a 12-month low of $17.86 and a 12-month high of $25.86. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.37.

MainStreet Bank (NASDAQ:MNSB) last issued its quarterly earnings results on Monday, October 26th. The company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.03). The company 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%. Sell-side analysts anticipate that MainStreet Bank will post 2.09 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of MNSB. Mirae Asset Global Investments Co. Ltd. acquired a new position in MainStreet Bank in the third quarter worth about $29,000. Cassaday & Co Wealth Management LLC acquired a new stake in MainStreet Bank during the first quarter valued at approximately $61,000. 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 valued at $764,000 after buying an additional 3,034 shares in the last quarter. 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 valued at $176,000 after buying an additional 6,564 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in MainStreet Bank by 20.4% during the 1st 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 during the last quarter. Hedge funds and other institutional investors own 52.29% of the company’s stock.

About MainStreet Bank

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.