Wall Street Zen Upgrades MainStreet Bank (NASDAQ:MNSB) to “Buy”

MainStreet Bank (NASDAQ:MNSB) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

Several other brokerages have also recently weighed in on MNSB. Weiss Ratings reiterated a “sell (d+)” rating on shares of MainStreet Bank in a research report on Wednesday, October 8th. Zacks Research cut MainStreet Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce”.

MainStreet Bank Stock Performance

Shares of MNSB opened at $19.40 on Friday. The firm has a market cap of $149.57 million, a PE ratio of -13.29 and a beta of 0.58. The stock’s fifty day moving average price is $20.89 and its two-hundred day moving average price is $19.75. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.07 and a quick ratio of 1.07. MainStreet Bank has a 1 year low of $15.00 and a 1 year high of $22.98.

Hedge Funds Weigh In On MainStreet Bank

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cresset Asset Management LLC grew its position in MainStreet Bank by 5.1% during the first quarter. Cresset Asset Management LLC now owns 336,207 shares of the company’s stock worth $5,621,000 after buying an additional 16,337 shares in the last quarter. Hughes Financial Services LLC purchased a new position in MainStreet Bank during the first quarter worth about $91,000. HighTower Advisors LLC purchased a new position in MainStreet Bank during the first quarter worth about $178,000. Empowered Funds LLC grew its position in MainStreet Bank by 3.8% during the first quarter. Empowered Funds LLC now owns 34,329 shares of the company’s stock worth $574,000 after buying an additional 1,265 shares in the last quarter. Finally, Jane Street Group LLC grew its position in MainStreet Bank by 33.3% during the first quarter. Jane Street Group LLC now owns 21,270 shares of the company’s stock worth $356,000 after buying an additional 5,313 shares in the last quarter. 52.29% of the stock is currently owned by hedge funds and other institutional investors.

MainStreet Bank Company Profile

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.