MainStreet Bancshares, Inc. (NASDAQ:MNSB) Shares Bought by Mendon Capital Advisors Corp

Mendon Capital Advisors Corp raised its position in shares of MainStreet Bancshares, Inc. (NASDAQ:MNSB - Free Report) by 136.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 51,443 shares of the company's stock after purchasing an additional 29,657 shares during the quarter. Mendon Capital Advisors Corp owned 0.68% of MainStreet Bancshares worth $931,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Barclays PLC lifted its holdings in shares of MainStreet Bancshares by 34.0% during the third quarter. Barclays PLC now owns 16,759 shares of the company's stock worth $310,000 after purchasing an additional 4,256 shares during the period. Geode Capital Management LLC lifted its stake in MainStreet Bancshares by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 62,970 shares of the company's stock valued at $1,162,000 after acquiring an additional 826 shares during the period. JPMorgan Chase & Co. lifted its stake in MainStreet Bancshares by 4,811.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,743 shares of the company's stock valued at $161,000 after acquiring an additional 8,565 shares during the period. Empowered Funds LLC boosted its holdings in shares of MainStreet Bancshares by 1.8% in the 4th quarter. Empowered Funds LLC now owns 33,064 shares of the company's stock valued at $598,000 after acquiring an additional 592 shares during the last quarter. Finally, Salzhauer Michael increased its stake in shares of MainStreet Bancshares by 11.2% in the fourth quarter. Salzhauer Michael now owns 41,995 shares of the company's stock worth $760,000 after acquiring an additional 4,213 shares during the period. Hedge funds and other institutional investors own 52.29% of the company's stock.

MainStreet Bancshares Stock Performance

Shares of MainStreet Bancshares stock traded down $0.06 during trading on Friday, hitting $18.65. 68,874 shares of the company's stock were exchanged, compared to its average volume of 18,501. MainStreet Bancshares, Inc. has a 52-week low of $14.97 and a 52-week high of $20.88. 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 stock has a market capitalization of $143.66 million, a price-to-earnings ratio of -11.58 and a beta of 0.43. The business has a 50-day simple moving average of $16.60 and a 200-day simple moving average of $17.39.

MainStreet Bancshares (NASDAQ:MNSB - Get Free Report) last released its quarterly earnings data on Monday, April 21st. The company reported $0.25 earnings per share for the quarter, beating analysts' consensus estimates of $0.21 by $0.04. MainStreet Bancshares had a positive return on equity of 2.96% and a negative net margin of 7.24%. The business had revenue of $17.45 million during the quarter, compared to analyst estimates of $18.00 million. On average, research analysts forecast that MainStreet Bancshares, Inc. will post 1.1 EPS for the current year.

MainStreet Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 20th. Shareholders of record on Friday, May 9th will be given a $0.10 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.40 annualized dividend and a yield of 2.14%. MainStreet Bancshares's dividend payout ratio is presently -23.26%.

MainStreet Bancshares 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.