John Marshall Bancorp, Inc. (NASDAQ:JMSB) to Issue Dividend Increase – $0.10 Per Share

John Marshall Bancorp, Inc. (NASDAQ:JMSB) declared a quarterly dividend on Wednesday, July 22nd. Investors of record on Wednesday, August 5th will be given a dividend of 0.10 per share on Wednesday, August 26th. This represents a c) dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Wednesday, August 5th. This is a 11.1% increase from John Marshall Bancorp’s previous quarterly dividend of $0.09.

John Marshall Bancorp Trading Up 1.1%

Shares of JMSB opened at $22.18 on Thursday. The firm has a market capitalization of $312.96 million, a price-to-earnings ratio of 13.95 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. John Marshall Bancorp has a 1-year low of $18.02 and a 1-year high of $23.39. The company has a 50-day moving average of $21.59 and a 200 day moving average of $20.76.

John Marshall Bancorp (NASDAQ:JMSB) last issued its earnings results on Wednesday, July 22nd. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.06. John Marshall Bancorp had a return on equity of 8.60% and a net margin of 19.27%.The business had revenue of $18.78 million during the quarter, compared to analysts’ expectations of $17.41 million. On average, research analysts expect that John Marshall Bancorp will post 1.85 EPS for the current year.

Institutional Investors Weigh In On John Marshall Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC acquired a new position in shares of John Marshall Bancorp in the 1st quarter valued at about $243,000. Strs Ohio acquired a new stake in John Marshall Bancorp during the first quarter worth about $26,000. Geode Capital Management LLC raised its position in John Marshall Bancorp by 1.5% during the second 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. Rhumbline Advisers raised its position in John Marshall Bancorp by 7.1% during the second 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 second quarter valued at approximately $104,000. 39.09% of the stock is currently owned by institutional investors and hedge funds.

John Marshall Bancorp Company Profile

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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