MainStreet Bank (NASDAQ:MNSB) Posts Quarterly Earnings Results, Misses Estimates By $0.17 EPS

MainStreet Bank (NASDAQ:MNSB) announced its quarterly earnings data on Monday. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.17), Zacks reports. The business had revenue of $19.45 million during the quarter, compared to analyst estimates of $21.80 million.

MainStreet Bank Stock Performance

Shares of NASDAQ MNSB remained flat at $21.50 during midday trading on Wednesday. 2,857 shares of the stock were exchanged, compared to its average volume of 44,899. MainStreet Bank has a 1 year low of $17.86 and a 1 year high of $25.86. The stock’s 50 day moving average is $24.72 and its 200 day moving average is $23.38.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of MainStreet Bank in a research note on Friday, September 18th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, MainStreet Bank currently has an average rating of “Moderate Buy”.

About MainStreet Bank

MainStreet Bank is a community bank headquartered in Fairfax, Virginia, and the banking subsidiary of MainStreet Bancshares, Inc, which trades on the Nasdaq under the symbol MNSB. The bank serves businesses, professionals and individuals in Northern Virginia and the broader Washington, DC, metropolitan area.

The bank provides commercial and consumer banking services, including business and personal checking and savings accounts, certificates of deposit, commercial real estate loans, business loans, residential lending and consumer credit.