Salzhauer Michael Buys New Position in Mainstreet Bank Common Stock (Virginia) (OTCMKTS:MNSB)

Salzhauer Michael bought a new stake in Mainstreet Bank Common Stock (Virginia) (OTCMKTS:MNSB) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 52,185 shares of the company’s stock, valued at approximately $1,189,000. Salzhauer Michael owned about 0.63% of Mainstreet Bank Common Stock (Virginia) as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in MNSB. Sandy Spring Bank acquired a new position in shares of Mainstreet Bank Common Stock (Virginia) during the 2nd quarter worth approximately $515,000. Advisor Group Inc. acquired a new position in shares of Mainstreet Bank Common Stock (Virginia) during the 2nd quarter worth approximately $96,000. Creative Planning acquired a new position in shares of Mainstreet Bank Common Stock (Virginia) during the 2nd quarter worth approximately $2,325,000. Strs Ohio acquired a new position in shares of Mainstreet Bank Common Stock (Virginia) during the 2nd quarter worth approximately $43,000. Finally, Toth Financial Advisory Corp acquired a new position in shares of Mainstreet Bank Common Stock (Virginia) during the 2nd quarter worth approximately $204,000. 14.56% of the stock is currently owned by institutional investors and hedge funds.

Shares of OTCMKTS:MNSB remained flat at $$20.12 during trading on Thursday. The stock had a trading volume of 57 shares, compared to its average volume of 17,515. Mainstreet Bank Common Stock has a 1 year low of $16.62 and a 1 year high of $25.50. The company has a market capitalization of $165.99 million, a price-to-earnings ratio of 14.58 and a beta of 0.48. The business’s 50 day moving average price is $22.24 and its 200 day moving average price is $22.55.

Mainstreet Bank Common Stock (Virginia) (OTCMKTS:MNSB) last released its earnings results on Monday, July 15th. The company reported $0.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.04. The firm had revenue of $11.23 million during the quarter, compared to analyst estimates of $10.73 million. As a group, equities analysts anticipate that Mainstreet Bank Common Stock will post 1.55 earnings per share for the current fiscal year.

Separately, Zacks Investment Research raised Mainstreet Bank Common Stock (Virginia) from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Tuesday, August 6th.

Mainstreet Bank Common Stock (Virginia) Company Profile

MainStreet Bancshares, Inc operates as the bank holding company for MainStreet Bank that provides various banking services for businesses and individuals. It offers a range of deposit products, such as checking accounts, savings accounts, money market accounts, and certificate of deposits. The company also provides loans for construction, renovations and improvements, commercial real estate, rental property, working capital, business, and land loans, as well as government contract loans, line of credit or seasonal line of credit, mortgage loans, auto loans, and term loans.

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Institutional Ownership by Quarter for Mainstreet Bank Common Stock (Virginia) (OTCMKTS:MNSB)

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