Wall Street Zen lowered shares of John Marshall Bancorp (NASDAQ:JMSB – Free 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%
John Marshall Bancorp (NASDAQ:JMSB – Get 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
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