Cresset Asset Management LLC Buys 1,521 Shares of John Marshall Bancorp, Inc. $JMSB

Cresset Asset Management LLC lifted its stake in John Marshall Bancorp, Inc. (NASDAQ:JMSB) by 1.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 102,950 shares of the company’s stock after purchasing an additional 1,521 shares during the period. Cresset Asset Management LLC owned 0.72% of John Marshall Bancorp worth $1,701,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in JMSB. JPMorgan Chase & Co. boosted its position in shares of John Marshall Bancorp by 119.6% in the 4th quarter. JPMorgan Chase & Co. now owns 43,409 shares of the company’s stock worth $872,000 after purchasing an additional 23,640 shares during the last quarter. Barclays PLC boosted its position in shares of John Marshall Bancorp by 14.6% in the 4th quarter. Barclays PLC now owns 18,835 shares of the company’s stock worth $378,000 after purchasing an additional 2,399 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its position in shares of John Marshall Bancorp by 8.7% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,943,902 shares of the company’s stock worth $39,034,000 after purchasing an additional 155,234 shares during the last quarter. Northern Trust Corp boosted its position in shares of John Marshall Bancorp by 6.0% in the 4th quarter. Northern Trust Corp now owns 108,839 shares of the company’s stock worth $2,185,000 after purchasing an additional 6,178 shares during the last quarter. Finally, Lido Advisors LLC bought a new position in shares of John Marshall Bancorp in the 4th quarter worth $251,000. 39.09% of the stock is currently owned by institutional investors.

John Marshall Bancorp Stock Performance

JMSB opened at $19.69 on Thursday. The business’s 50-day moving average price is $18.81 and its two-hundred day moving average price is $17.75. John Marshall Bancorp, Inc. has a 1 year low of $13.81 and a 1 year high of $26.52. The company has a market capitalization of $279.99 million, a price-to-earnings ratio of 14.80 and a beta of 0.70. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.06 and a quick ratio of 1.06.

John Marshall Bancorp (NASDAQ:JMSB) last released its quarterly earnings results on Wednesday, July 23rd. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.01. John Marshall Bancorp had a return on equity of 7.60% and a net margin of 16.68%.The firm had revenue of $15.43 million for the quarter, compared to the consensus estimate of $15.52 million.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods began coverage on John Marshall Bancorp in a research report on Monday, July 21st. They issued an “outperform” rating and a $22.00 price target on the stock. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $22.00.

Insider Activity

In related news, CFO Kent Carstater bought 5,000 shares of the stock in a transaction that occurred on Thursday, July 31st. The shares were acquired at an average price of $18.43 per share, with a total value of $92,150.00. Following the completion of the transaction, the chief financial officer owned 53,131 shares in the company, valued at $979,204.33. The trade was a 10.39% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 12.05% of the company’s stock.

About John Marshall Bancorp

John Marshall Bancorp, Inc operates as the bank holding company for John Marshall Bank that provides banking products and financial services. The company accepts checking, demand, NOW, savings, and money market accounts, as well as certificates of deposit. It offers residential and commercial construction and development loans, commercial term, mortgage, commercial real estate, industrial loans, and other commercial lines of credit; debit and credit cards; and treasury and cash management, investment, business and personal insurance, remote deposit capture, deposit sweep and online and mobile banking services.