John Marshall Bancorp (NASDAQ:JMSB) Cut to “Hold” at Wall Street Zen

Wall Street Zen lowered shares of John Marshall Bancorp (NASDAQ:JMSBFree Report) from a buy rating to a hold rating in a research note issued to investors on Sunday morning.

Several other research firms have also recently commented on JMSB. Keefe, Bruyette & Woods increased their target price on John Marshall Bancorp from $24.00 to $25.00 and gave the company an “outperform” rating in a research note on Monday, July 27th. Weiss Ratings reissued a “buy (b-)” rating on shares of John Marshall Bancorp in a research report on Tuesday, August 18th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $24.50.

Read Our Latest Report on JMSB

John Marshall Bancorp Trading Down 0.7%

NASDAQ:JMSB opened at $22.89 on Friday. The stock has a market cap of $322.98 million, a price-to-earnings ratio of 13.23 and a beta of 0.58. John Marshall Bancorp has a one year low of $18.50 and a one year high of $24.26. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.08 and a current ratio of 1.08. The business’s 50-day simple moving average is $22.51 and its 200 day simple moving average is $21.27.

John Marshall Bancorp (NASDAQ:JMSBGet Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06. John Marshall Bancorp had a return on equity of 9.16% and a net margin of 20.41%.The firm had revenue of $18.78 million during the quarter, compared to analyst estimates of $17.41 million. As a group, sell-side analysts predict that John Marshall Bancorp will post 1.94 earnings per share for the current fiscal year.

John Marshall Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Wednesday, August 5th will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, August 5th. This represents a $0.40 dividend on an annualized basis and a yield of 1.7%. This is an increase from John Marshall Bancorp’s previous quarterly dividend of $0.09. John Marshall Bancorp’s payout ratio is presently 23.12%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in JMSB. Legal & General Group Plc bought a new stake in John Marshall Bancorp in the second quarter valued at $25,000. Strs Ohio acquired a new position in shares of John Marshall Bancorp during the first quarter valued at $26,000. California State Teachers Retirement System grew its position in shares of John Marshall Bancorp by 454.5% during the second quarter. California State Teachers Retirement System now owns 3,793 shares of the company’s stock worth $83,000 after acquiring an additional 3,109 shares during the last quarter. Hingham Institution for Savings bought a new position in shares of John Marshall Bancorp during the fourth quarter worth about $100,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of John Marshall Bancorp in the 2nd quarter worth about $104,000. 39.09% of the stock is currently owned by institutional investors.

About John Marshall Bancorp

(Get Free Report)

John Marshall Bancorp, Inc is the bank holding company for John Marshall Bank. The Bank is headquartered in Reston, Virginia with eight full-service branches located in Alexandria, Arlington, Loudoun, Prince William, Reston, and Tysons, Virginia, as well as Rockville, Maryland, and Washington, DC The Bank is dedicated to providing exceptional value, personalized service and convenience to local businesses and professionals in the Washington, DC Metropolitan area.
 
The Bank offers a comprehensive line of sophisticated banking products and services that rival those of the largest banks along with experienced staff to help achieve customers’ financial goals.

Further Reading

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