Pathstone Family Office LLC Makes New $48,000 Investment in Mainstreet Bank Common Stock (Virginia) (OTCMKTS:MNSB)

Pathstone Family Office LLC bought a new position in shares of Mainstreet Bank Common Stock (Virginia) (OTCMKTS:MNSB) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,100 shares of the company’s stock, valued at approximately $48,000.

Other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. purchased a new stake in shares of Mainstreet Bank Common Stock (Virginia) during the 2nd quarter worth approximately $43,000. Strs Ohio bought a new stake in shares of Mainstreet Bank Common Stock (Virginia) during the 2nd quarter worth $43,000. US Bancorp DE bought a new stake in shares of Mainstreet Bank Common Stock (Virginia) during the 2nd quarter worth $44,000. Advisor Group Inc. bought a new stake in shares of Mainstreet Bank Common Stock (Virginia) during the 2nd quarter worth $96,000. Finally, Tower Research Capital LLC TRC bought a new stake in shares of Mainstreet Bank Common Stock (Virginia) during the 2nd quarter worth $129,000. 14.56% of the stock is currently owned by hedge funds and other institutional investors.

Mainstreet Bank Common Stock (Virginia) stock opened at $21.11 on Wednesday. The company has a market capitalization of $172.84 million, a PE ratio of 15.30 and a beta of 0.48. The firm has a fifty day simple moving average of $21.32 and a two-hundred day simple moving average of $22.47. Mainstreet Bank Common Stock has a twelve month low of $16.62 and a twelve month high of $25.50.

Mainstreet Bank Common Stock (Virginia) (OTCMKTS:MNSB) last issued its quarterly earnings data on Monday, July 15th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.38 by $0.04. The firm had revenue of $11.23 million for the quarter, compared to the consensus estimate of $10.73 million. As a group, analysts predict that Mainstreet Bank Common Stock will post 1.55 earnings per share for the current year.

Separately, Zacks Investment Research downgraded shares of Mainstreet Bank Common Stock (Virginia) from a “buy” rating to a “hold” rating in a report on Wednesday.

About Mainstreet Bank Common Stock (Virginia)

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.

Further Reading: How Investors Use a Balance Sheet

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

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