John Marshall Bancorp (NASDAQ:JMSB) Issues Earnings Results, Beats Estimates By $0.06 EPS

John Marshall Bancorp (NASDAQ:JMSB) announced its quarterly earnings data on Wednesday. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06, FiscalAI reports. John Marshall Bancorp had a net margin of 19.27% and a return on equity of 8.60%. The business had revenue of $18.78 million for the quarter, compared to analysts’ expectations of $17.41 million.

John Marshall Bancorp Price Performance

Shares of NASDAQ:JMSB opened at $21.93 on Wednesday. The company has a market cap of $309.43 million, a price-to-earnings ratio of 13.79 and a beta of 0.59. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a 50 day simple moving average of $21.56 and a 200 day simple moving average of $20.74. John Marshall Bancorp has a one year low of $18.02 and a one year high of $23.28.

John Marshall Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Wednesday, May 13th were paid a $0.09 dividend. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $0.36 annualized dividend and a yield of 1.6%. John Marshall Bancorp’s dividend payout ratio is presently 22.64%.

Institutional Trading of John Marshall Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the stock. FJ Capital Management LLC lifted its stake in shares of John Marshall Bancorp by 4.0% in the 3rd quarter. FJ Capital Management LLC now owns 429,908 shares of the company’s stock valued at $8,521,000 after acquiring an additional 16,555 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of John Marshall Bancorp by 1.5% during the 2nd quarter. Geode Capital Management LLC now owns 295,870 shares of the company’s stock valued at $5,484,000 after acquiring an additional 4,385 shares in the last quarter. Fourthstone LLC grew its position in John Marshall Bancorp by 6.9% during the 4th quarter. Fourthstone LLC now owns 111,874 shares of the company’s stock worth $2,236,000 after acquiring an additional 7,233 shares during the last quarter. Renaissance Technologies LLC bought a new stake in John Marshall Bancorp during the 4th quarter worth $518,000. Finally, Advisory Services Network LLC increased its holdings in John Marshall Bancorp by 44.5% in the 4th quarter. Advisory Services Network LLC now owns 24,350 shares of the company’s stock worth $487,000 after purchasing an additional 7,493 shares in the last quarter. Institutional investors own 39.09% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Keefe, Bruyette & Woods upped their target price on John Marshall Bancorp from $23.00 to $24.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. Weiss Ratings upgraded John Marshall Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, May 21st. Zacks Research raised John Marshall Bancorp to a “hold” rating in a report on Thursday, April 16th. Finally, Raymond James Financial initiated coverage on John Marshall Bancorp in a research report on Tuesday, April 14th. They set a “strong-buy” rating and a $24.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $24.00.

About John Marshall Bancorp

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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