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. 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, remote deposit capture, and courier services. It also provides commercial loans, including government contract receivables, plant and equipment, general working capital, contract administration, and acquisition loans; commercial real estate, real estate construction, and residential real estate loans; and consumer loans comprising car loans, term loans, credit cards, and overdraft protection. In addition, the company provides payment service and deposit insurance solutions; remote deposit of checks; and internet bill payment, online cash management, and online and mobile banking services. It operates through a network of seven branches located in Herndon, Fairfax, Fairfax City, McLean, Clarendon, and Leesburg, Virginia, and one branch in Washington, the District of Columbia; and provides automated teller machine transaction services at approximately 55,000 locations in the United States, Canada, the United Kingdom, and Mexico. MainStreet Bancshares, Inc. was incorporated in 2003 and is headquartered in Fairfax, Virginia.
IPO Year:
Exchange: NASDAQ
Website: mstreetbank.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/25/2023 | $24.00 | Overweight → Equal-Weight | Stephens |
| 7/22/2021 | $25.50 → $26.00 | Overweight | Stephens & Co. |
4 - MainStreet Bancshares, Inc. (0001693577) (Issuer)
4 - MainStreet Bancshares, Inc. (0001693577) (Issuer)
4 - MainStreet Bancshares, Inc. (0001693577) (Issuer)
4 - MainStreet Bancshares, Inc. (0001693577) (Issuer)
4 - MainStreet Bancshares, Inc. (0001693577) (Issuer)
4 - MainStreet Bancshares, Inc. (0001693577) (Issuer)
4 - MainStreet Bancshares, Inc. (0001693577) (Issuer)
4 - MainStreet Bancshares, Inc. (0001693577) (Issuer)
4 - MainStreet Bancshares, Inc. (0001693577) (Issuer)
3/A - MainStreet Bancshares, Inc. (0001693577) (Issuer)
Stephens downgraded MainStreet Bancshares from Overweight to Equal-Weight and set a new price target of $24.00
Stephens & Co. reiterated coverage of MainStreet Bancshares with a rating of Overweight and set a new price target of $26.00 from $25.50 previously
Stephens & Co. initiated coverage of MainStreet Bancshares with a rating of Overweight and set a new price target of $25.50
SCHEDULE 13G/A - MainStreet Bancshares, Inc. (0001693577) (Subject)
10-Q - MainStreet Bancshares, Inc. (0001693577) (Filer)
8-K - MainStreet Bancshares, Inc. (0001693577) (Filer)
8-K - MainStreet Bancshares, Inc. (0001693577) (Filer)
8-K - MainStreet Bancshares, Inc. (0001693577) (Filer)
8-K - MainStreet Bancshares, Inc. (0001693577) (Filer)
8-K - MainStreet Bancshares, Inc. (0001693577) (Filer)
10-Q - MainStreet Bancshares, Inc. (0001693577) (Filer)
8-K - MainStreet Bancshares, Inc. (0001693577) (Filer)
8-K - MainStreet Bancshares, Inc. (0001693577) (Filer)
Digital Technology Expert Brings Extensive Federal Contracting Experience to Role at Leading Community Bank FAIRFAX, Va., Feb. 22, 2024 /PRNewswire/ -- MainStreet Bancshares, Inc. (NASDAQ:MNSB), parent company of MainStreet Bank, announces the appointment of Ali Reza Manouchehri, a digital technology expert with extensive federal contracting experience, as a director of MainStreet Bank. Manouchehri brings an impressive track record as an entrepreneur and decades on the cutting edge of digital technology.Manouchehri is CEO of MetroStar Systems, a leading provider of digital IT
FAIRFAX, Va., July 23, 2021 /PRNewswire/ -- MainStreet Bancshares, Inc. (NASDAQ:MNSB), parent company of MainStreet Bank, announces the appointment of a veteran banking supervisor, Rafael E. DeLeon, as a director of the company and the bank. "I'm Happy to be joining MainStreet Bank and see it as a capstone in my career" Rafael E. DeLeonRafael E. DeLeon is currently a senior vice president of industry engagement for Ncontracts. Mr. DeLeon is a vibrant spokesperson with a wealth of knowledge on regulatory compliance and risk management for financial institutions. He joined Nco
SC 13G/A - MainStreet Bancshares, Inc. (0001693577) (Subject)
SC 13G/A - MainStreet Bancshares, Inc. (0001693577) (Subject)
SC 13G/A - MainStreet Bancshares, Inc. (0001693577) (Subject)
SC 13G - MainStreet Bancshares, Inc. (0001693577) (Subject)
SC 13G/A - MainStreet Bancshares, Inc. (0001693577) (Subject)
SC 13G - MainStreet Bancshares, Inc. (0001693577) (Subject)
SC 13G/A - MainStreet Bancshares, Inc. (0001693577) (Subject)
SC 13G/A - MainStreet Bancshares, Inc. (0001693577) (Subject)
SC 13G/A - MainStreet Bancshares, Inc. (0001693577) (Subject)
SC 13G/A - MainStreet Bancshares, Inc. (0001693577) (Subject)
Increase in Core Deposits, a High-Quality Loan Portfolio and Strong Capital FAIRFAX, Va., Oct. 28, 2024 /PRNewswire/ -- MainStreet Bancshares, Inc. (NASDAQ:MNSB, MNSBP))), the financial holding company for MainStreet Bank, reported a loss of -$0.04 per common share for the third quarter of 2024 as it dealt decisively with a small number of nonperforming real estate loans. Year-to-date 2024 earnings per common share are $0.60. The Company remains strongly capitalized. "Our third quarter annualized net interest margin was impacted by $984,000 in accrued interest income that wa
Rise in Core Deposits Fueled an Uptick in Loan Growth FAIRFAX, Va., July 29, 2024 /PRNewswire/ -- MainStreet Bancshares, Inc. (NASDAQ:MNSB, MNSBP))), the holding company for MainStreet Bank, reported net income of $2.6 million for the second quarter of 2024. Total deposits reached $1.8 billion in the second quarter, an increase of 10.2% from the second quarter of 2023. Loan growth is up 8.6% over the same period, also reaching $1.8 billion. "We are now nine full quarters into the current interest rate cycle, and the entire industry has felt the effect of higher deposit costs.
Strong credit quality and no adverse loan portfolio trends FAIRFAX, Va., April 22, 2024 /PRNewswire/ -- MainStreet Bancshares, Inc. (NASDAQ:MNSB, MNSBP))), the holding company for MainStreet Bank, reported net income of $2.77 million for the first quarter of 2024. "Our loan portfolio was well-positioned for the current interest rate cycle and continues to generate strong and sustainable interest income. During the first quarter of 2024, we experienced an uptick in deposit costs, compressing the net interest margin to 3.24%," said Jeff W. Dick, Chairman & CEO of MainStreet Ban
Year-End and Fourth Quarter Results Underscore Steady Progress in Challenging Environment FAIRFAX, Va., Jan. 22, 2024 /PRNewswire/ -- MainStreet Bancshares, Inc. (NASDAQ:MNSB, MNSBP))), the holding company for MainStreet Bank, reported net income of $26.6 million for the year ended December 31, 2023, consistent with expectations. Earnings per share for the year totaled $3.25. Annualized returns for 2023 included: Return on Average Equity (ROAE): 12.66 % Return on Average Assets (ROAA): 1.38 % Net Interest Margin (NIM) (tax equivalent): 4.08 % Efficiency Ratio: 56.7 % Liquidit
Net Interest Margin Continues to Outperform FAIRFAX, Va., July 24, 2023 /PRNewswire/ -- MainStreet Bancshares, Inc. (NASDAQ:MNSB, MNSBP))), the holding company for MainStreet Bank, reported net income of $6.9 million for the quarter ended June 30, 2023, in line with expectations. This represents a 17.1% increase from the year-earlier second quarter. Performance through the first half of 2023 remains very strong (returns are annualized): Return on average assets: 1.60 % Return on average equity: 14.87 % Net interest margin (tax equivalent): 4.45 % Efficiency ratio: 53.48 % Allo
Steady Loan and Deposit Growth Fuel 8% Rise in Quarter-to-Quarter Net Income FAIRFAX, Va., April 17, 2023 /PRNewswire/ -- MainStreet Bancshares, Inc. (NASDAQ:MNSB, MNSBP))), the holding company for MainStreet Bank, reported record net income of $8.2 million for the quarter-ended March 31, 2023. This represents a 50% increase from the net income reported in the 1st quarter of 2022. First-quarter results represent: 1.75% ROAA4.69% NIM$1.01 EPS$22.22 TBV16.4% ROAE(ROAA – Return on Average Assets; NIM – Net Interest Margin; EPS – Earnings Per Share common basic and diluted; TBV
To Be Paid February 10, 2023, to Shareholders of Record February 3, 2023 FAIRFAX, Va., Jan. 26, 2023 /PRNewswire/ -- The board of directors of MainStreet Bancshares Inc. (NASDAQ:MNSB) and (NASDAQ:MNSBP), the parent company of MainStreet Bank, declared a cash dividend of $0.10 per common share for the fourth quarter, to be paid on February 10, 2023, to shareholders of record as February 3, 2023. The board disclosed the dividend in a regulatory filing submitted to the U.S. Securities and Exchange Commission on January 19, 2023. "We had our best year ever in 2022 with net income
Company's Net Income Climbs 20% to $26.7 Million; NIM Reaches 4.19% FAIRFAX, Va., Jan. 23, 2023 /PRNewswire/ -- MainStreet Bancshares, Inc. (NASDAQ:MNSB, MNSBP))), the holding company for MainStreet Bank, reported record net income of $26.7 million for 2022, a 20.3% increase from a year earlier. Year-end results represent: 13.98% return on average equity1.53% return on average assets4.19% net interest margin $3.26 earnings per common share (basic and diluted)$21.75 tangible book value per common shareThere is no doubt that 2022 was a banner year for the Company."There is no do
To be paid November 10, 2022, to shareholders of Record November 4, 2022 FAIRFAX, Va., Nov. 1, 2022 /PRNewswire/ -- The board of directors of MainStreet Bancshares Inc., (NASDAQ:MNSB) the parent company of MainStreet Bank, declared a cash dividend of $0.10 per common share for the third quarter, to be paid on November 10, 2022, to shareholders of record as of November 4, 2022. This is an increase from a cash dividend of $0.05 per common share in the second quarter. The board disclosed the dividend in a regulatory filing submitted to the U.S. Securities and Exchange Commission that was declared and filed on October 24, 2022.
Net interest margin fueled record financial performance as measured by multiple 3rd quarter 2022 key metrics: 1.70% Return on average assets16.13% Return on average equity4.14% Net interest margin$0.97 Per-share earnings (basic and diluted)FAIRFAX, Va., Oct. 17, 2022 /PRNewswire/ -- MainStreet Bancshares, Inc. (NASDAQ:MNSB, MNSBP))), the holding company for MainStreet Bank, reported continued strong financial performance through the third quarter as earnings on its floating-rate loans rose in-sync with FOMC interest rate increases. Although we benefit from rising rates, we are
Increase in Core Deposits, a High-Quality Loan Portfolio and Strong Capital FAIRFAX, Va., Oct. 28, 2024 /PRNewswire/ -- MainStreet Bancshares, Inc. (NASDAQ:MNSB, MNSBP))), the financial holding company for MainStreet Bank, reported a loss of -$0.04 per common share for the third quarter of 2024 as it dealt decisively with a small number of nonperforming real estate loans. Year-to-date 2024 earnings per common share are $0.60. The Company remains strongly capitalized. "Our third quarter annualized net interest margin was impacted by $984,000 in accrued interest income that wa
Rise in Core Deposits Fueled an Uptick in Loan Growth FAIRFAX, Va., July 29, 2024 /PRNewswire/ -- MainStreet Bancshares, Inc. (NASDAQ:MNSB, MNSBP))), the holding company for MainStreet Bank, reported net income of $2.6 million for the second quarter of 2024. Total deposits reached $1.8 billion in the second quarter, an increase of 10.2% from the second quarter of 2023. Loan growth is up 8.6% over the same period, also reaching $1.8 billion. "We are now nine full quarters into the current interest rate cycle, and the entire industry has felt the effect of higher deposit costs.
Chief Lending Officer Is Named to Prestigious 40 under 40 List FAIRFAX, Va., June 4, 2024 /PRNewswire/ -- MainStreet Bank and its parent company, MainStreet Bancshares, Inc. (Nasdaq: MNSB & MNSBP), are pleased to announce that Executive Vice President and Chief Lending Officer Tom Floyd has been honored as one of the nation's best and brightest young bankers. Floyd has been named to Independent Banker® magazine's prestigious list, 40 Under 40: Emerging Community Bank Leaders. He and other honorees nationwide were chosen in recognition of their professional achievements, exempl
Strong credit quality and no adverse loan portfolio trends FAIRFAX, Va., April 22, 2024 /PRNewswire/ -- MainStreet Bancshares, Inc. (NASDAQ:MNSB, MNSBP))), the holding company for MainStreet Bank, reported net income of $2.77 million for the first quarter of 2024. "Our loan portfolio was well-positioned for the current interest rate cycle and continues to generate strong and sustainable interest income. During the first quarter of 2024, we experienced an uptick in deposit costs, compressing the net interest margin to 3.24%," said Jeff W. Dick, Chairman & CEO of MainStreet Ban
Digital Technology Expert Brings Extensive Federal Contracting Experience to Role at Leading Community Bank FAIRFAX, Va., Feb. 22, 2024 /PRNewswire/ -- MainStreet Bancshares, Inc. (NASDAQ:MNSB), parent company of MainStreet Bank, announces the appointment of Ali Reza Manouchehri, a digital technology expert with extensive federal contracting experience, as a director of MainStreet Bank. Manouchehri brings an impressive track record as an entrepreneur and decades on the cutting edge of digital technology.Manouchehri is CEO of MetroStar Systems, a leading provider of digital IT
Year-End and Fourth Quarter Results Underscore Steady Progress in Challenging Environment FAIRFAX, Va., Jan. 22, 2024 /PRNewswire/ -- MainStreet Bancshares, Inc. (NASDAQ:MNSB, MNSBP))), the holding company for MainStreet Bank, reported net income of $26.6 million for the year ended December 31, 2023, consistent with expectations. Earnings per share for the year totaled $3.25. Annualized returns for 2023 included: Return on Average Equity (ROAE): 12.66 % Return on Average Assets (ROAA): 1.38 % Net Interest Margin (NIM) (tax equivalent): 4.08 % Efficiency Ratio: 56.7 % Liquidit
Chief Lending Officer Recognized for Breadth of Leadership Contribution FAIRFAX, Va., Dec. 13, 2023 /PRNewswire/ -- MainStreet Bancshares, Inc. (NASDAQ:MNSB, MNSBP))), the holding company for MainStreet Bank, promoted Tom Floyd to Executive Vice President. Floyd remains the Bank's Chief Lending Officer. "Time and again, Tom demonstrates himself to be a perceptive and disciplined business lender."The promotion underscores Floyd's achievements as a farsighted strategist at the $2 billion-asset Bank. Floyd, previously a Senior Vice President, oversees a team of seasoned lenders a
Employee-Driven Community Giving Reflects Bank's Culture FAIRFAX, Va., Dec. 1, 2023 /PRNewswire/ -- MainStreet Bank and its parent company, MainStreet Bancshares, Inc. (NASDAQ:MNSB, MNSBP))) are proud to report that the Independent Banker magazine - an award-winning monthly publication of the Independent Community Bankers of America (ICBA) - today named MainStreet Bank as a 2023 Best Community Banks to Work For recipient. The $2 billion-asset Bank received accolades for its culture that supports teamwork, professional growth, and community outreach. Independent Banker magazin
Net Interest Margin Continues to Outperform FAIRFAX, Va., July 24, 2023 /PRNewswire/ -- MainStreet Bancshares, Inc. (NASDAQ:MNSB, MNSBP))), the holding company for MainStreet Bank, reported net income of $6.9 million for the quarter ended June 30, 2023, in line with expectations. This represents a 17.1% increase from the year-earlier second quarter. Performance through the first half of 2023 remains very strong (returns are annualized): Return on average assets: 1.60 % Return on average equity: 14.87 % Net interest margin (tax equivalent): 4.45 % Efficiency ratio: 53.48 % Allo
Steady Loan and Deposit Growth Fuel 8% Rise in Quarter-to-Quarter Net Income FAIRFAX, Va., April 17, 2023 /PRNewswire/ -- MainStreet Bancshares, Inc. (NASDAQ:MNSB, MNSBP))), the holding company for MainStreet Bank, reported record net income of $8.2 million for the quarter-ended March 31, 2023. This represents a 50% increase from the net income reported in the 1st quarter of 2022. First-quarter results represent: 1.75% ROAA4.69% NIM$1.01 EPS$22.22 TBV16.4% ROAE(ROAA – Return on Average Assets; NIM – Net Interest Margin; EPS – Earnings Per Share common basic and diluted; TBV
4 - MainStreet Bancshares, Inc. (0001693577) (Issuer)
4 - MainStreet Bancshares, Inc. (0001693577) (Issuer)
4 - MainStreet Bancshares, Inc. (0001693577) (Issuer)
4 - MainStreet Bancshares, Inc. (0001693577) (Issuer)
4 - MainStreet Bancshares, Inc. (0001693577) (Issuer)
4 - MainStreet Bancshares, Inc. (0001693577) (Issuer)
4 - MainStreet Bancshares, Inc. (0001693577) (Issuer)
4 - MainStreet Bancshares, Inc. (0001693577) (Issuer)
4 - MainStreet Bancshares, Inc. (0001693577) (Issuer)
4 - MainStreet Bancshares, Inc. (0001693577) (Issuer)
- Form S-3
Companies Reporting Before The Bell • MainStreet Bancshares (NASDAQ:MNSB) is projected to report quarterly earnings at $0.52 per share on revenue of $17.10 million. • Dynex Cap (NYSE:DX) is likely to report quarterly loss at $0.09 per share on revenue of $-570 thousand. • Zions Bancorp (NASDAQ:ZION) is projected to report quarterly earnings at $0.98 per share on revenue of $743.48 million. • Verizon Communications (NYSE:VZ) is likely to report quarterly earnings at $1.12 per share on revenue of $33.24 billion. • HBT Finl (NASDAQ:HBT) is projected to report quarterly earnings at $0.55 per share on revenue of $56.63 million. • AZZ (NYSE:AZZ) is projected to report quarterly earnings at $
MainStreet Bancshares (NASDAQ:MNSB) reported quarterly earnings of $0.36 per share which missed the analyst consensus estimate of $0.52 by 30.77 percent. The company reported quarterly sales of $16.264 million which missed the analyst consensus estimate of $17.100 million by 4.89 percent. This is a 26.39 percent decrease over sales of $22.094 million the same period last year.
Understanding Value Stocks A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. The following stocks are considered to be notable value stocks in the financial services sector: Esquire Financial Hldgs (NASDAQ:ESQ) - P/E: 9.67 First Merchants (NASDAQ:FRME) - P/E: 9.02 Timberland Bancorp (NASDAQ:TSBK) - P/E: 8.48 Capital City Bank Group (NASDAQ:CCBG) - P/
MainStreet Bancshares (NASDAQ:MNSB) reported quarterly earnings of $0.61 per share. This is a 35.79 percent decrease over earnings of $0.95 per share from the same period last year. The company reported quarterly sales of $17.87 million which missed the analyst consensus estimate of $19.70 million by 9.30 percent. This is a 17.49 percent decrease over sales of $21.66 million the same period last year.
Companies Reporting Before The Bell • Bank of Hawaii (NYSE:BOH) is estimated to report quarterly earnings at $1.00 per share on revenue of $161.51 million. • MainStreet Bancshares (NASDAQ:MNSB) is projected to report quarterly earnings at $0.67 per share on revenue of $19.70 million. Companies Reporting After The Bell • Logitech International (NASDAQ:LOGI) is likely to report quarterly earnings at $1.17 per share on revenue of $1.25 billion. • Great Southern Bancorp (NASDAQ:GSBC) is expected to report quarterly earnings at $1.15 per share on revenue of $48.29 million. • Karooooo (NASDAQ:KARO) is estimated to report quarterly earnings at $0.29 per share on revenue of $51.59 million. •
MainStreet Bancshares (NASDAQ:MNSB) is set to give its latest quarterly earnings report on Monday, 2024-01-22. Here's what investors need to know before the announcement. Analysts estimate that MainStreet Bancshares will report an earnings per share (EPS) of $0.67. MainStreet Bancshares bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Past Earnings Performance Last quarter the company missed EPS by $0.00, which was followed by a
Friday marks the last chance for investors to receive the next dividend payout from MainStreet Bancshares (NASDAQ:MNSB). What's Happening The company announced on Tuesday that it would pay shareholders a quarterly dividend of 10 cents per share. On Monday, MainStreet Bancshares will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 10 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Monday. Shareholders who own MNSB as of the end of Friday's session are eligible to receive the 10 cents
The most oversold stocks in the financial sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30. Here’s the latest list of major oversold players in this sector, having an RSI near or below 30. Morgan Stanley (NYSE:MS) Morgan Stanley reported a third-quarter net profit of $2.4 billion, or $1.38 per diluted share,compared to a net income of $2.6 billio
Upgrades Northcoast Research upgraded the previous rating for Camping World Holdings Inc (NYSE:CWH) from Neutral to Buy. For the first quarter, Camping World Holdings had an EPS of $0.14, compared to year-ago quarter EPS of $1.15. The current stock performance of Camping World Holdings shows a 52-week-high of $33.98 and a 52-week-low of $18.69. Moreover, at the end of the last trading period, the closing price was at $31.32. According to New Street Research, the prior rating for Meta Platforms Inc (NASDAQ:META) was changed from Neutral to Buy. In the first quarter, Meta Platforms showed an EPS of $2.20, compared to $2.72 from the year-ago quarter. At the moment, the stock has a 52-week-hi