MainStreet Bank (NASDAQ:MNSB) Trading Down 1.2% – What’s Next?

MainStreet Bank (NASDAQ:MNSB)’s stock price fell 1.2% on Wednesday . The stock traded as low as $22.12 and last traded at $22.23. 23,220 shares changed hands during trading, a decline of 64% from the average session volume of 65,321 shares. The stock had previously closed at $22.51.

Analyst Upgrades and Downgrades

Several research analysts recently commented on MNSB shares. Wall Street Zen downgraded shares of MainStreet Bank from a “buy” rating to a “hold” rating in a research note on Sunday, November 2nd. Zacks Research upgraded shares of MainStreet Bank from a “strong sell” rating to a “hold” rating in a research note on Monday, December 29th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of MainStreet Bank in a research note on Monday, December 29th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce”.

MainStreet Bank Stock Performance

The firm’s fifty day moving average price is $21.15 and its 200 day moving average price is $20.52. The firm has a market cap of $171.39 million, a P/E ratio of 12.63 and a beta of 0.62. 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 (NASDAQ:MNSB) last issued its quarterly earnings data 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). The business had revenue of $2.24 million for the quarter, compared to analysts’ expectations of $19.60 million. MainStreet Bank had a net margin of 11.51% and a return on equity of 8.37%. Sell-side analysts expect that MainStreet Bank will post 1.1 EPS for the current fiscal year.

MainStreet Bank Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 16th. Stockholders of record on Monday, February 9th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Monday, February 9th. MainStreet Bank’s payout ratio is presently 22.73%.

Insider Buying and Selling at MainStreet Bank

In other MainStreet Bank news, CFO Thomas J. Chmelik sold 7,238 shares of the business’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $20.09, for a total value of $145,411.42. Following the completion of the transaction, the chief financial officer directly owned 63,761 shares in the company, valued at approximately $1,280,958.49. The trade was a 10.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last three months, insiders acquired 848 shares of company stock worth $16,123. Corporate insiders own 9.28% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Fourthstone LLC lifted its position in MainStreet Bank by 918.4% during the second quarter. Fourthstone LLC now owns 338,085 shares of the company’s stock valued at $6,390,000 after acquiring an additional 304,886 shares during the last quarter. UBS Group AG increased its position in shares of MainStreet Bank by 3,454.5% during the third quarter. UBS Group AG now owns 134,821 shares of the company’s stock worth $2,808,000 after purchasing an additional 131,028 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of MainStreet Bank by 128.4% during 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 during the last quarter. Squarepoint Ops LLC acquired a new stake in shares of MainStreet Bank in the 4th quarter worth $701,000. Finally, Marshall Wace LLP grew its stake in MainStreet Bank by 255.6% during the 4th quarter. Marshall Wace LLP now owns 44,287 shares of the company’s stock worth $902,000 after buying an additional 31,833 shares during the last quarter. Hedge funds and other institutional investors own 52.29% of the company’s stock.

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.