MainStreet Bank $MNSB is Banc Funds Co. LLC’s 10th Largest Position

Banc Funds Co. LLC lessened its stake in MainStreet Bank (NASDAQ:MNSB) by 11.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 573,373 shares of the company’s stock after selling 77,641 shares during the quarter. MainStreet Bank accounts for about 2.1% of Banc Funds Co. LLC’s portfolio, making the stock its 10th largest holding. Banc Funds Co. LLC owned about 7.44% of MainStreet Bank worth $11,943,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in MNSB. Police & Firemen s Retirement System of New Jersey purchased a new stake in MainStreet Bank during the second quarter worth $33,000. BNP Paribas Financial Markets increased its holdings in MainStreet Bank by 58.5% in the third quarter. BNP Paribas Financial Markets now owns 1,761 shares of the company’s stock valued at $37,000 after buying an additional 650 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in MainStreet Bank by 66,480.0% in 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 shares of MainStreet Bank in the second quarter worth about $73,000. Finally, Russell Investments Group Ltd. acquired a new position in shares of MainStreet Bank in the third quarter worth about $76,000. 52.29% of the stock is owned by hedge funds and other institutional investors.

MainStreet Bank Price Performance

Shares of NASDAQ MNSB opened at $21.41 on Friday. The firm has a market cap of $164.99 million, a PE ratio of 12.16 and a beta of 0.60. The firm has a fifty day moving average of $21.54 and a 200 day moving average of $20.64. 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 has a one year low of $15.00 and a one year high of $23.44.

MainStreet Bank (NASDAQ:MNSB) last posted its quarterly earnings data on Monday, January 26th. The company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.03). MainStreet Bank had a return on equity of 8.37% and a net margin of 11.51%.The company had revenue of $2.24 million for the quarter, compared to analyst estimates of $19.60 million. As a group, research analysts predict 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. Investors of record on Monday, February 9th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Monday, February 9th. MainStreet Bank’s dividend payout ratio is 22.73%.

Wall Street Analyst Weigh In

MNSB has been the topic of a number of analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of MainStreet Bank in a research report on Monday, December 29th. Zacks Research upgraded MainStreet Bank from a “strong sell” rating to a “hold” rating in a research note on Monday, December 29th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Reduce”.

About MainStreet Bank

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.