MainStreet Bancshares (OTCMKTS:MNSB) Lifted to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of MainStreet Bancshares (OTCMKTS:MNSB) from a sell rating to a hold rating in a report released on Wednesday, Zacks.com reports.

According to Zacks, “MainStreet Bancshares Inc. is a full-service bank. The bank provides deposits, makes loans and other services for the public. MainStreet Bancshares Inc., formerly known as MainStreet Bank, is headquartered in Fairfax, Virginia. “

Separately, TheStreet raised shares of MainStreet Bancshares from a d+ rating to a c- rating in a research report on Wednesday, October 7th.

Shares of MNSB opened at $15.40 on Wednesday. MainStreet Bancshares has a 1-year low of $11.75 and a 1-year high of $24.60. The company has a 50-day moving average of $13.17 and a 200 day moving average of $13.50. The firm has a market capitalization of $127.33 million, a price-to-earnings ratio of 11.16 and a beta of 0.48.

MainStreet Bancshares (OTCMKTS:MNSB) last posted its earnings results on Tuesday, October 20th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.21. Equities analysts predict that MainStreet Bancshares will post 1.55 EPS for the current year.

Several institutional investors have recently modified their holdings of MNSB. RMB Capital Management LLC grew its position in shares of MainStreet Bancshares by 8.6% in the 2nd quarter. RMB Capital Management LLC now owns 476,017 shares of the company’s stock worth $6,283,000 after buying an additional 37,569 shares during the last quarter. State Street Corp grew its position in shares of MainStreet Bancshares by 37.1% in the 1st quarter. State Street Corp now owns 114,695 shares of the company’s stock worth $1,922,000 after buying an additional 31,023 shares during the last quarter. Banc Funds Co. LLC grew its position in shares of MainStreet Bancshares by 4.6% in the 2nd quarter. Banc Funds Co. LLC now owns 615,241 shares of the company’s stock worth $8,121,000 after buying an additional 27,300 shares during the last quarter. Alliancebernstein L.P. grew its position in shares of MainStreet Bancshares by 16.8% in the 1st quarter. Alliancebernstein L.P. now owns 151,084 shares of the company’s stock worth $2,532,000 after buying an additional 21,689 shares during the last quarter. Finally, Goldman Sachs Group Inc. purchased a new position in shares of MainStreet Bancshares in the 2nd quarter worth approximately $183,000. 14.56% of the stock is currently owned by hedge funds and other institutional investors.

About MainStreet Bancshares

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 primarily in Northern Virginia and the greater Washington, the District of Columbia metropolitan area.

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