John Marshall Bancorp (NASDAQ:JMSB) Price Target Raised to $26.00

John Marshall Bancorp (NASDAQ:JMSB) had its price objective increased by Keefe, Bruyette & Woods from $25.00 to $26.00 in a research report released on Monday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

JMSB has been the subject of a number of other research reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of John Marshall Bancorp in a report on Tuesday, August 18th. Wall Street Zen lowered John Marshall Bancorp from a “buy” rating to a “hold” rating in a research note on Sunday, August 23rd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $25.00.

John Marshall Bancorp Stock Performance

NASDAQ JMSB opened at $23.08 on Monday. The firm’s fifty day moving average price is $22.91 and its two-hundred day moving average price is $21.59. The stock has a market cap of $325.66 million, a PE ratio of 13.34 and a beta of 0.58. John Marshall Bancorp has a fifty-two week low of $18.50 and a fifty-two week 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.

John Marshall Bancorp (NASDAQ:JMSB) last announced its quarterly earnings results on Wednesday, July 22nd. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.06. John Marshall Bancorp had a net margin of 20.41% and a return on equity of 9.16%. The company had revenue of $18.78 million during the quarter, compared to the consensus estimate of $17.41 million. On average, equities analysts expect that John Marshall Bancorp will post 1.94 EPS for the current fiscal year.

John Marshall Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Stockholders of record on Wednesday, August 5th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, August 5th. This is an increase from John Marshall Bancorp’s previous quarterly dividend of $0.09. This represents a $0.40 annualized dividend and a dividend yield of 1.7%. John Marshall Bancorp’s payout ratio is 23.12%.

Hedge Funds Weigh In On John Marshall Bancorp

Hedge funds have recently modified their holdings of the business. BlackRock Inc. bought a new position in John Marshall Bancorp during the 2nd quarter worth $21,460,000. Bank of New York Mellon Corp bought a new stake in shares of John Marshall Bancorp in the 2nd quarter valued at about $740,000. Rhino Investment Partners Inc grew its position in shares of John Marshall Bancorp by 25.0% in the 1st quarter. Rhino Investment Partners Inc now owns 118,580 shares of the company’s stock valued at $2,405,000 after buying an additional 23,740 shares during the last quarter. NewEdge Advisors LLC acquired a new stake in shares of John Marshall Bancorp in the second quarter valued at about $460,000. Finally, Bank of America Corp DE acquired a new stake in shares of John Marshall Bancorp in the second quarter valued at about $3,883,000. Institutional investors and hedge funds own 39.09% of the company’s stock.

About John Marshall Bancorp

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.

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