MainStreet Bancshares (NASDAQ:MNSB) Announces Earnings Results, Misses Estimates By $0.33 EPS

MainStreet Bancshares (NASDAQ:MNSB) announced its quarterly earnings data on Monday. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.33), Zacks reports. MainStreet Bancshares had a net margin of 8.34% and a return on equity of 5.77%.

MainStreet Bancshares Stock Performance

Shares of MNSB opened at $17.17 on Wednesday. The stock has a 50-day simple moving average of $18.11 and a 200-day simple moving average of $17.75. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a market capitalization of $130.49 million, a PE ratio of 14.31 and a beta of 0.58. MainStreet Bancshares has a 1 year low of $14.97 and a 1 year high of $21.99.

Insider Activity

In other news, insider Michael B. Baboval sold 2,892 shares of MainStreet Bancshares stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $18.25, for a total value of $52,779.00. Following the completion of the transaction, the insider now owns 4,392 shares in the company, valued at approximately $80,154. This trade represents a 39.70 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last quarter, insiders purchased 743 shares of company stock worth $13,966. 9.20% of the stock is currently owned by company insiders.

MainStreet Bancshares Company Profile

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.