BUZZ-MainStreet Bancshares tumbles after Q1 results miss expectations
Reuters · 04/22 19:02
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** MainStreet Bancshares MNSB.O shares down ~11% at $15.32, on track for biggest one-day pct drop since March 27, 2020 after hitting lowest point since Nov. 2020 following Q1 report
** The bank holding company reported Q1 EPS of 36 cents on revenue of $15.37 mln vs estimates of 52 cents per share and $17.1 mln in revenue, per data from LSEG, which shows just two analyst ratings
** Median price target of $24 is down from $24.50 on March 22 and from $26.75 on Jan. 22
** MNSB shares down 38.4% YTD vs 3.9% decline in Nasdaq Bank index .IXBK
(Reporting by Chuck Mikolajczak)
((charles.mikolajczak@tr.com; @ChuckMik;))
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