MainStreet Bank (NASDAQ:MNSB) Posts Earnings Results, Misses Estimates By $0.15 EPS

MainStreet Bank (NASDAQ:MNSB) released its quarterly earnings results on Monday. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.15), Zacks reports. MainStreet Bank had a return on equity of 9.16% and a net margin of 13.24%. The business had revenue of $19.45 million for the quarter, compared to analyst estimates of $21.80 million.

MainStreet Bank Stock Down 11.5%

MNSB stock traded down $2.81 during midday trading on Monday, reaching $21.62. 5,229 shares of the company’s stock traded hands, compared to its average volume of 44,537. MainStreet Bank has a 52 week low of $17.86 and a 52 week high of $25.86. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.37. The firm’s fifty day moving average price is $24.86 and its 200-day moving average price is $24.13. The company has a market cap of $153.91 million, a price-to-earnings ratio of 10.68 and a beta of 0.57.

Wall Street Analysts Forecast Growth

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

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.