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

John Marshall Bancorp (NASDAQ:JMSB) released 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. The business had revenue of $18.78 million during the quarter, compared to analyst estimates of $17.41 million. John Marshall Bancorp had a return on equity of 8.60% and a net margin of 19.27%.

John Marshall Bancorp Price Performance

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

John Marshall Bancorp Announces Dividend

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

Analysts Set New Price Targets

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

Institutional Investors Weigh In On John Marshall Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of JMSB. Jane Street Group LLC purchased a new stake in shares of John Marshall Bancorp during the first quarter valued at $243,000. Strs Ohio purchased a new stake in John Marshall Bancorp during the first quarter valued at about $26,000. Geode Capital Management LLC increased its position in shares of John Marshall Bancorp by 1.5% in the second quarter. Geode Capital Management LLC now owns 295,870 shares of the company’s stock worth $5,484,000 after acquiring an additional 4,385 shares in the last quarter. Rhumbline Advisers lifted its position in shares of John Marshall Bancorp by 7.1% in the 2nd quarter. Rhumbline Advisers now owns 19,260 shares of the company’s stock valued at $357,000 after acquiring an additional 1,275 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in John Marshall Bancorp in the 2nd quarter worth approximately $104,000. 39.09% of the stock is owned by institutional investors and hedge funds.

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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