MainStreet Bancshares (NASDAQ:MNSB) Announces Earnings Results

by · The Markets Daily

MainStreet Bancshares (NASDAQ:MNSB – Get Free Report) released its quarterly earnings data on Monday. The company reported ($0.04) EPS for the quarter, hitting the consensus estimate of ($0.04), Zacks reports. The business had revenue of $34.48 million for the quarter, compared to analyst estimates of $16.03 million. MainStreet Bancshares had a return on equity of 9.00% and a net margin of 12.99%. During the same quarter in the prior year, the firm posted $0.77 EPS.

MainStreet Bancshares Stock Performance

NASDAQ MNSB traded down $0.23 during mid-day trading on Tuesday, reaching $17.76. 6,122 shares of the stock were exchanged, compared to its average volume of 23,743. MainStreet Bancshares has a 1 year low of $14.97 and a 1 year high of $25.97. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.09 and a current ratio of 1.09. The business’s 50 day moving average is $17.66 and its 200-day moving average is $17.16. The company has a market capitalization of $135.17 million, a P/E ratio of 6.86 and a beta of 0.56.

MainStreet Bancshares Company Profile

(Get Free Report)

MainStreet Bancshares, Inc operates as the bank holding company for MainStreet Bank that provides various banking products and services for individuals, small to medium-sized businesses, and professional service organizations. The company offers demand, NOW, money market, savings, and sweep accounts, as well as certificates of deposit; business and consumer checking, interest-bearing checking, business account analysis, and other depository services; and cash management, wire transfer, check imaging, bill pay, remote deposit capture, and courier services.

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