MainStreet Bank $MNSB Shares Sold by Banc Funds Co. LLC

Banc Funds Co. LLC lessened its position in MainStreet Bank (NASDAQ:MNSB) by 11.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 573,373 shares of the company’s stock after selling 77,641 shares during the quarter. MainStreet Bank comprises 2.1% of Banc Funds Co. LLC’s holdings, making the stock its 10th largest position. Banc Funds Co. LLC owned 0.07% of MainStreet Bank worth $11,943,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in MNSB. Fourthstone LLC increased its position in shares of MainStreet Bank by 918.4% during the second quarter. Fourthstone LLC now owns 338,085 shares of the company’s stock worth $6,390,000 after purchasing an additional 304,886 shares in the last quarter. UBS Group AG lifted its holdings in MainStreet Bank by 3,454.5% in the 3rd quarter. UBS Group AG now owns 134,821 shares of the company’s stock valued at $2,808,000 after purchasing an additional 131,028 shares in the last quarter. Geode Capital Management LLC lifted its holdings in MainStreet Bank by 128.4% in the 2nd quarter. Geode Capital Management LLC now owns 153,516 shares of the company’s stock valued at $2,902,000 after purchasing an additional 86,303 shares in the last quarter. StoneX Group Inc. acquired a new stake in MainStreet Bank during the 2nd quarter worth $452,000. Finally, Alliancebernstein L.P. boosted its stake in MainStreet Bank by 2.7% during the 3rd quarter. Alliancebernstein L.P. now owns 674,163 shares of the company’s stock worth $14,043,000 after purchasing an additional 17,515 shares during the last quarter. 52.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of MainStreet Bank in a research report on Monday, December 29th. Zacks Research upgraded shares of 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

MainStreet Bank Stock Performance

Shares of MainStreet Bank stock opened at $21.41 on Friday. The business’s 50 day moving average price is $21.54 and its 200 day moving average price is $20.64. The company has a market cap of $164.99 million, a price-to-earnings ratio of 12.16 and a beta of 0.60. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.07 and a current ratio of 1.07. MainStreet Bank has a one year low of $15.00 and a one year high of $23.44.

MainStreet Bank (NASDAQ:MNSB) last issued its earnings results on Monday, January 26th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.03). MainStreet Bank had a net margin of 11.51% and a return on equity of 8.37%. The company had revenue of $2.24 million during the quarter, compared to analysts’ expectations of $19.60 million. On average, research analysts predict that MainStreet Bank will post 1.1 EPS for the current year.

MainStreet Bank Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, February 16th. Stockholders of record on Monday, February 9th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, February 9th. This represents a $0.40 annualized dividend and a dividend yield of 1.9%. MainStreet Bank’s payout ratio is presently 22.73%.

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.