John Marshall Bancorp (NASDAQ:JMSB) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of John Marshall Bancorp (NASDAQ:JMSBFree Report) from a hold rating to a buy rating in a report issued on Saturday.

JMSB has been the topic of several other reports. Keefe, Bruyette & Woods raised their price objective on John Marshall Bancorp from $24.00 to $25.00 and gave the company an “outperform” rating in a research report on Monday, July 27th. Weiss Ratings raised John Marshall Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, May 21st. 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $24.50.

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John Marshall Bancorp Stock Down 0.0%

Shares of NASDAQ JMSB opened at $23.25 on Friday. The stock has a market capitalization of $328.06 million, a PE ratio of 13.44 and a beta of 0.58. The company has a quick ratio of 1.06, a current ratio of 1.08 and a debt-to-equity ratio of 0.44. The firm has a fifty day moving average of $22.31 and a 200-day moving average of $21.14. John Marshall Bancorp has a 52-week low of $18.50 and a 52-week high of $24.26.

John Marshall Bancorp (NASDAQ:JMSBGet Free Report) last released its quarterly earnings data 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. The company had revenue of $17.94 million during the quarter, compared to analyst estimates of $17.41 million. John Marshall Bancorp had a net margin of 20.41% and a return on equity of 9.16%. On average, analysts anticipate that John Marshall Bancorp will post 1.94 EPS for the current year.

John Marshall Bancorp Increases Dividend

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

Hedge Funds Weigh In On John Marshall Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JMSB. Legal & General Group Plc acquired a new stake in shares of John Marshall Bancorp during the second quarter valued at about $25,000. Strs Ohio acquired a new position in shares of John Marshall Bancorp in the first quarter worth about $26,000. Hingham Institution for Savings purchased a new position in John Marshall Bancorp in the fourth quarter valued at about $100,000. Raymond James Financial Inc. purchased a new position in John Marshall Bancorp in the second quarter valued at about $104,000. Finally, Osaic Holdings Inc. acquired a new stake in John Marshall Bancorp during the 2nd quarter valued at approximately $193,000. 39.09% of the stock is owned by hedge funds and other 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.

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