John Marshall Bancorp, Inc. (NASDAQ:JMSB – Get 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%
John Marshall Bancorp (NASDAQ:JMSB – Get 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
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