John Marshall Bancorp (NASDAQ:JMSB) Releases Earnings Results, Beats Expectations By $0.05 EPS

John Marshall Bancorp (NASDAQ:JMSB) posted its quarterly earnings data on Wednesday. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.05, FiscalAI reports. The company had revenue of $18.06 million during the quarter, compared to analysts’ expectations of $18.61 million. John Marshall Bancorp had a net margin of 21.84% and a return on equity of 9.97%.

John Marshall Bancorp Price Performance

Shares of JMSB stock traded down $0.29 during mid-day trading on Friday, hitting $22.86. 40,715 shares of the stock were exchanged, compared to its average volume of 62,276. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.44. The company has a market cap of $322.67 million, a PE ratio of 12.16 and a beta of 0.58. The firm has a fifty day moving average of $23.03 and a 200 day moving average of $21.60. John Marshall Bancorp has a 52-week low of $18.57 and a 52-week high of $24.26.

John Marshall Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 2nd. Stockholders of record on Tuesday, November 10th will be paid a $0.10 dividend. The ex-dividend date is Tuesday, November 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.7%. John Marshall Bancorp’s dividend payout ratio is presently 21.28%.

Wall Street Analyst Weigh In

JMSB has been the topic of a number of analyst reports. Weiss Ratings raised shares of John Marshall Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Zacks Research downgraded shares of John Marshall Bancorp from a “hold” rating to a “strong sell” rating in a report on Friday, September 25th. Keefe, Bruyette & Woods lifted their target price on shares of John Marshall Bancorp from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, September 14th. Finally, Wall Street Zen raised shares of John Marshall Bancorp from a “hold” rating to a “buy” rating in a research report on Saturday, September 19th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $25.00.

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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