Wall Street Zen upgraded shares of John Marshall Bancorp (NASDAQ:JMSB – Free 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.
John Marshall Bancorp Stock Down 0.0%
John Marshall Bancorp (NASDAQ:JMSB – Get 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
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