John Marshall Bancorp (NASDAQ:JMSB) Trading Down 0.3% – What’s Next?

Shares of John Marshall Bancorp, Inc. (NASDAQ:JMSB) traded down 0.3% during mid-day trading on Friday . The stock traded as low as $20.83 and last traded at $21.06. 24,672 shares traded hands during mid-day trading, a decline of 27% from the average session volume of 33,586 shares. The stock had previously closed at $21.12.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Zacks Research upgraded John Marshall Bancorp to a “hold” rating in a research report on Thursday, April 16th. Weiss Ratings upgraded John Marshall Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday. Raymond James Financial assumed coverage on John Marshall Bancorp in a research report on Tuesday, April 14th. They issued a “strong-buy” rating and a $24.00 price target on the stock. Finally, Keefe, Bruyette & Woods boosted their price target on John Marshall Bancorp from $23.00 to $24.00 and gave the company an “outperform” rating in a research report on Friday, May 1st. One investment 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. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $24.00.

John Marshall Bancorp Price Performance

The stock has a fifty day simple moving average of $20.65 and a two-hundred day simple moving average of $20.25. The company has a market cap of $297.16 million, a PE ratio of 13.25 and a beta of 0.60. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.30.

John Marshall Bancorp (NASDAQ:JMSB) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. John Marshall Bancorp had a return on equity of 8.60% and a net margin of 19.27%.The company had revenue of $16.79 million for the quarter, compared to analyst estimates of $16.48 million. On average, equities analysts predict that John Marshall Bancorp, Inc. will post 1.85 EPS for the current fiscal year.

John Marshall Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 3rd. Shareholders of record on Wednesday, May 13th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Wednesday, May 13th. John Marshall Bancorp’s payout ratio is currently 22.64%.

Institutional Investors Weigh In On John Marshall Bancorp

A number of institutional investors have recently added to or reduced their stakes in JMSB. Jane Street Group LLC purchased a new stake in John Marshall Bancorp in the 1st quarter valued at approximately $243,000. Strs Ohio purchased a new stake in John Marshall Bancorp in the 1st quarter valued at approximately $26,000. Geode Capital Management LLC boosted its holdings in John Marshall Bancorp by 1.5% in the 2nd quarter. Geode Capital Management LLC now owns 295,870 shares of the company’s stock valued at $5,484,000 after purchasing an additional 4,385 shares in the last quarter. Rhumbline Advisers boosted its holdings in John Marshall Bancorp by 7.1% in the 2nd quarter. Rhumbline Advisers now owns 19,260 shares of the company’s stock valued at $357,000 after purchasing an additional 1,275 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in John Marshall Bancorp in the 2nd quarter valued at approximately $104,000. Hedge funds and other institutional investors own 39.09% of the company’s stock.

John Marshall Bancorp Company Profile

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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