Key Points
- CFO Thomas Chmelik sold 7,238 shares on December 9 at an average price of $20.09 for a total of $145,411.42, reducing his stake by 10.19% to 63,761 shares (about $1.28M).
- MainStreet Bank stock recently opened at $20.49, trades in a 52-week range of $15.00–$22.98, has a market cap of $157.94 million and a negative P/E of -22.76, with 50- and 200-day moving averages near $19.07 and $19.91.
- The company slightly beat quarterly EPS estimates ($0.52 vs. $0.51) but missed revenue expectations, pays a $0.10 quarterly dividend (2.0% yield), and currently has an average analyst rating of Sell.
MainStreet Bank (NASDAQ:MNSB - Get Free Report) CFO Thomas Chmelik sold 7,238 shares of the company's stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $20.09, for a total transaction of $145,411.42. Following the completion of the transaction, the chief financial officer owned 63,761 shares of the company's stock, valued at approximately $1,280,958.49. This trade represents a 10.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
MainStreet Bank Price Performance
Shares of NASDAQ:MNSB opened at $20.49 on Thursday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.37. The firm's 50 day moving average is $19.07 and its two-hundred day moving average is $19.91. The firm has a market capitalization of $157.94 million, a P/E ratio of -22.76 and a beta of 0.63. MainStreet Bank has a 52 week low of $15.00 and a 52 week high of $22.98.
MainStreet Bank (NASDAQ:MNSB - Get Free Report) last announced its earnings results on Monday, October 27th. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.01. MainStreet Bank had a positive return on equity of 6.05% and a negative net margin of 3.32%.The firm had revenue of $18.22 million for the quarter, compared to the consensus estimate of $19.40 million. Analysts anticipate that MainStreet Bank will post 1.1 earnings per share for the current year.
MainStreet Bank Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, November 18th. Shareholders of record on Tuesday, November 11th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $0.40 annualized dividend and a yield of 2.0%. MainStreet Bank's dividend payout ratio (DPR) is presently -44.44%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of MainStreet Bank in the 2nd quarter valued at approximately $33,000. BNP Paribas Financial Markets boosted its position in shares of MainStreet Bank by 58.5% in the third quarter. BNP Paribas Financial Markets now owns 1,761 shares of the company's stock worth $37,000 after buying an additional 650 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of MainStreet Bank by 66,480.0% during the second quarter. JPMorgan Chase & Co. now owns 3,329 shares of the company's stock valued at $63,000 after buying an additional 3,324 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in MainStreet Bank during the second quarter valued at $73,000. Finally, Russell Investments Group Ltd. purchased a new stake in MainStreet Bank in the 3rd quarter worth about $76,000. 52.29% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on the stock. Zacks Research lowered shares of MainStreet Bank from a "hold" rating to a "strong sell" rating in a research note on Friday, October 31st. Wall Street Zen lowered MainStreet Bank from a "buy" rating to a "hold" rating in a report on Sunday, November 2nd. Finally, Weiss Ratings reissued a "sell (d)" rating on shares of MainStreet Bank in a report on Friday, October 31st. Two investment analysts have rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of "Sell".
Read Our Latest Stock Analysis on MainStreet Bank
MainStreet Bank Company Profile
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
