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

Cutler Capital Management LLC trimmed its holdings in shares of MainStreet Bancshares, Inc. (NASDAQ:MNSB) by 13.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 109,236 shares of the company’s stock after selling 17,634 shares during the period. Cutler Capital Management LLC’s holdings in MainStreet Bancshares were worth $1,977,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in shares of MainStreet Bancshares by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 63,589 shares of the company’s stock worth $1,151,000 after buying an additional 619 shares during the period. StoneX Group Inc. bought a new stake in MainStreet Bancshares during the 4th quarter valued at approximately $433,000. Salzhauer Michael increased its position in MainStreet Bancshares by 11.2% in the 4th quarter. Salzhauer Michael now owns 41,995 shares of the company’s stock worth $760,000 after buying an additional 4,213 shares during the period. Empowered Funds LLC grew its position in MainStreet Bancshares by 1.8% in 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 during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of MainStreet Bancshares by 4,811.8% during the 3rd 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 and hedge funds.

MainStreet Bancshares Stock Down 2.2 %

NASDAQ MNSB opened at $15.27 on Wednesday. MainStreet Bancshares, Inc. has a twelve month low of $14.97 and a twelve month high of $20.88. The stock has a market cap of $118.01 million, a PE ratio of -9.48 and a beta of 0.43. The firm has a 50-day simple moving average of $16.59 and a 200 day simple moving average of $17.53. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.08 and a current ratio of 1.08.

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

MainStreet Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, February 17th. Stockholders of record on Monday, February 10th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.62%. The ex-dividend date of this dividend was Monday, February 10th. MainStreet Bancshares’s payout ratio is -24.84%.

MainStreet Bancshares 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.