John Marshall Bancorp (NASDAQ:JMSB) Stock Price Up 1% – Time to Buy?

John Marshall Bancorp, Inc. (NASDAQ:JMSBGet Free Report) rose 1% during trading on Friday . The company traded as high as $21.89 and last traded at $21.71. Approximately 44,567 shares traded hands during mid-day trading, an increase of 39% from the average daily volume of 32,121 shares. The stock had previously closed at $21.50.

Analyst Upgrades and Downgrades

JMSB has been the topic of a number of analyst reports. Weiss Ratings upgraded John Marshall Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, May 21st. Keefe, Bruyette & Woods upped their price target on John Marshall Bancorp from $23.00 to $24.00 and gave the company an “outperform” rating in a research report on Friday, May 1st. Zacks Research upgraded John Marshall Bancorp to a “hold” rating in a research report on Thursday, April 16th. Finally, Raymond James Financial assumed coverage on John Marshall Bancorp in a research report on Tuesday, April 14th. They set a “strong-buy” rating and a $24.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, John Marshall Bancorp has a consensus rating of “Buy” and an average price target of $24.00.

View Our Latest Report on JMSB

John Marshall Bancorp Trading Up 1.0%

The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.30. The firm has a 50-day moving average of $21.08 and a 200 day moving average of $20.45. The company has a market cap of $306.37 million, a P/E ratio of 13.65 and a beta of 0.60.

John Marshall Bancorp (NASDAQ:JMSBGet Free Report) last announced its earnings results on Wednesday, April 29th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.40 by $0.03. John Marshall Bancorp had a return on equity of 8.60% and a net margin of 19.27%.The company had revenue of $16.79 million for the quarter, compared to analyst estimates of $16.48 million. On average, analysts predict that John Marshall Bancorp, Inc. will post 1.85 earnings per share for the current fiscal year.

John Marshall Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Wednesday, May 13th were given a dividend of $0.09 per share. The ex-dividend date was Wednesday, May 13th. This represents a $0.36 annualized dividend and a dividend yield of 1.7%. John Marshall Bancorp’s dividend payout ratio is presently 22.64%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in JMSB. Rhino Investment Partners Inc acquired a new position in John Marshall Bancorp during the 3rd quarter worth approximately $807,000. Renaissance Technologies LLC acquired a new position in John Marshall Bancorp during the 4th quarter worth approximately $518,000. Snowden Capital Advisors LLC acquired a new position in John Marshall Bancorp during the 2nd quarter worth approximately $396,000. AQR Capital Management LLC acquired a new position in John Marshall Bancorp during the 4th quarter worth approximately $414,000. Finally, FJ Capital Management LLC raised its stake in John Marshall Bancorp by 4.0% during the 3rd quarter. FJ Capital Management LLC now owns 429,908 shares of the company’s stock worth $8,521,000 after buying an additional 16,555 shares during the period. 39.09% of the stock is owned by institutional investors and hedge funds.

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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