MainStreet Bank (NASDAQ:MNSB) Stock Rating Lowered by Wall Street Zen

MainStreet Bank (NASDAQ:MNSB) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Sunday.

Other equities analysts also recently issued research reports about the company. Zacks Research downgraded MainStreet Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Weiss Ratings reissued a “sell (d)” rating on shares of MainStreet Bank in a research report on Friday. One investment 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, the stock presently has a consensus rating of “Reduce”.

MainStreet Bank Stock Performance

MainStreet Bank stock opened at $18.55 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a fifty day moving average of $20.59 and a two-hundred day moving average of $19.86. The company has a market capitalization of $143.02 million, a price-to-earnings ratio of -20.61 and a beta of 0.58. MainStreet Bank has a fifty-two week low of $15.00 and a fifty-two week high of $22.98.

MainStreet Bank (NASDAQ:MNSB) last released its quarterly earnings results on Monday, October 27th. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.01. The company had revenue of $18.22 million during the quarter, compared to the consensus estimate of $19.40 million. MainStreet Bank had a positive return on equity of 6.12% and a negative net margin of 3.32%. On average, analysts anticipate that MainStreet Bank will post 1.1 EPS for the current fiscal year.

Institutional Investors Weigh In On MainStreet Bank

Hedge funds and other institutional investors have recently made changes to their positions in the business. Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of MainStreet Bank in the second quarter valued at $33,000. JPMorgan Chase & Co. boosted its holdings in shares of MainStreet Bank by 66,480.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,329 shares of the company’s stock valued at $63,000 after purchasing an additional 3,324 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of MainStreet Bank in the 2nd quarter valued at $73,000. Hughes Financial Services LLC acquired a new position in shares of MainStreet Bank in the 1st quarter valued at $91,000. Finally, New York State Common Retirement Fund acquired a new position in shares of MainStreet Bank in the 2nd quarter valued at $102,000. Hedge funds and other institutional investors own 52.29% of the company’s stock.

About MainStreet Bank

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.