John Marshall Bancorp (NASDAQ:JMSB) Releases Earnings Results

John Marshall Bancorp (NASDAQ:JMSBGet Free Report) posted its earnings results on Wednesday. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03, FiscalAI reports. The business had revenue of $16.79 million during the quarter, compared to analyst estimates of $16.48 million. John Marshall Bancorp had a return on equity of 8.67% and a net margin of 19.27%.

John Marshall Bancorp Stock Performance

Shares of NASDAQ JMSB opened at $21.00 on Friday. The firm has a 50 day moving average of $20.27 and a 200 day moving average of $20.06. 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 market capitalization of $298.41 million, a price-to-earnings ratio of 13.21 and a beta of 0.63. John Marshall Bancorp has a 12-month low of $16.27 and a 12-month high of $22.10.

John Marshall Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 3rd. Investors of record on Wednesday, May 13th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.7%. The ex-dividend date is Wednesday, May 13th. John Marshall Bancorp’s payout ratio is 24.00%.

Analyst Upgrades and Downgrades

A number of analysts have commented on JMSB shares. Zacks Research raised John Marshall Bancorp to a “hold” rating in a report on Thursday, April 16th. Raymond James Financial initiated coverage on shares of John Marshall Bancorp in a research note on Tuesday, April 14th. They issued a “strong-buy” rating and a $24.00 price target for the company. Finally, Weiss Ratings upgraded shares of John Marshall Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $23.00.

Read Our Latest Analysis on John Marshall Bancorp

Institutional Trading of John Marshall Bancorp

Several hedge funds have recently bought and sold shares of JMSB. Strs Ohio bought a new stake in John Marshall Bancorp during the first quarter valued at about $26,000. Raymond James Financial Inc. bought a new stake in John Marshall Bancorp during the second quarter valued at about $104,000. Osaic Holdings Inc. bought a new stake in John Marshall Bancorp during the second quarter valued at about $193,000. NewEdge Advisors LLC bought a new stake in John Marshall Bancorp during the third quarter valued at about $229,000. Finally, JPMorgan Chase & Co. grew its holdings in John Marshall Bancorp by 21.8% during the third quarter. JPMorgan Chase & Co. now owns 11,548 shares of the company’s stock valued at $229,000 after purchasing an additional 2,063 shares during the period. Institutional investors own 39.09% of the company’s stock.

John Marshall Bancorp Company Profile

(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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Earnings History for John Marshall Bancorp (NASDAQ:JMSB)

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