MainStreet Bancshares (NASDAQ:MNSB) Issues Earnings Results, Hits Expectations

MainStreet Bancshares (NASDAQ:MNSB) issued its earnings results on Monday. The company reported ($0.04) earnings per share for the quarter, hitting the consensus estimate of ($0.04), Zacks reports. MainStreet Bancshares had a net margin of 12.99% and a return on equity of 9.00%. The company had revenue of $34.48 million for the quarter, compared to analyst estimates of $16.03 million. During the same period in the prior year, the business posted $0.77 earnings per share.

MainStreet Bancshares Stock Performance

NASDAQ MNSB opened at $17.60 on Wednesday. The business has a 50 day moving average price of $17.68 and a 200 day moving average price of $17.17. The company has a market capitalization of $133.80 million, a P/E ratio of 14.67 and a beta of 0.56. 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 current ratio of 1.09 and a quick ratio of 1.09.

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.