Cutler Capital Management LLC Has $1.98 Million Position in MainStreet Bancshares, Inc. (NASDAQ:MNSB)

Cutler Capital Management LLC decreased its holdings in shares of MainStreet Bancshares, Inc. (NASDAQ:MNSB - Free Report) by 13.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 109,236 shares of the company's stock after selling 17,634 shares during the quarter. Cutler Capital Management LLC owned approximately 1.44% of MainStreet Bancshares worth $1,977,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MNSB. Geode Capital Management LLC grew its holdings in MainStreet Bancshares by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 63,589 shares of the company's stock valued at $1,151,000 after buying an additional 619 shares in the last quarter. StoneX Group Inc. acquired a new stake in MainStreet Bancshares in the 4th quarter worth about $433,000. Salzhauer Michael boosted its holdings in MainStreet Bancshares by 11.2% in the 4th quarter. Salzhauer Michael now owns 41,995 shares of the company's stock valued at $760,000 after purchasing an additional 4,213 shares during the period. Empowered Funds LLC grew its position in shares of MainStreet Bancshares by 1.8% during the 4th quarter. Empowered Funds LLC now owns 33,064 shares of the company's stock worth $598,000 after purchasing an additional 592 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of MainStreet Bancshares by 4,811.8% during the third quarter. JPMorgan Chase & Co. now owns 8,743 shares of the company's stock worth $161,000 after purchasing an additional 8,565 shares during the period. 52.29% of the stock is owned by institutional investors.

MainStreet Bancshares Price Performance

Shares of NASDAQ MNSB traded up $0.20 during midday trading on Monday, reaching $15.50. The company's stock had a trading volume of 821 shares, compared to its average volume of 18,993. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.08 and a current ratio of 1.08. The company has a market cap of $119.78 million, a P/E ratio of -9.63 and a beta of 0.43. The business's 50 day moving average price is $16.54 and its two-hundred day moving average price is $17.47. MainStreet Bancshares, Inc. has a fifty-two week low of $14.97 and a fifty-two week high of $20.88.

MainStreet Bancshares (NASDAQ:MNSB - Get Free Report) last released its earnings results on Monday, January 27th. The company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of $0.21 by ($0.33). MainStreet Bancshares had a negative net margin of 7.24% and a positive return on equity of 2.96%. On average, analysts forecast that MainStreet Bancshares, Inc. will post 1.1 EPS for the current fiscal year.

MainStreet Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, February 17th. Shareholders of record on Monday, February 10th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.58%. The ex-dividend date was Monday, February 10th. MainStreet Bancshares's dividend payout ratio is currently -24.84%.

About MainStreet Bancshares

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.