John Marshall Bancorp (NASDAQ:JMSB) Trading 2.3% Higher – Should You Buy?

Shares of John Marshall Bancorp, Inc. (NASDAQ:JMSB) rose 2.3% on Thursday . The company traded as high as $20.35 and last traded at $19.83. Approximately 30,710 shares traded hands during mid-day trading, an increase of 78% from the average daily volume of 17,261 shares. The stock had previously closed at $19.39.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of John Marshall Bancorp in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, John Marshall Bancorp presently has an average rating of “Moderate Buy” and an average price target of $22.00.

John Marshall Bancorp Stock Up 2.3%

The company has a debt-to-equity ratio of 0.31, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market capitalization of $281.19 million, a P/E ratio of 14.06 and a beta of 0.68. The business has a 50 day moving average price of $19.95 and a 200 day moving average price of $19.59.

John Marshall Bancorp (NASDAQ:JMSB) last released its earnings results on Wednesday, October 29th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.01. The firm had revenue of $15.94 million for the quarter, compared to analyst estimates of $15.88 million. John Marshall Bancorp had a return on equity of 7.93% and a net margin of 17.62%.

Hedge Funds Weigh In On John Marshall Bancorp

Several large investors have recently bought and sold shares of JMSB. Strs Ohio bought a new position in John Marshall Bancorp during the first quarter valued at about $26,000. Ameritas Advisory Services LLC bought a new stake in shares of John Marshall Bancorp during the second quarter valued at approximately $45,000. Atlantic Union Bankshares Corp bought a new stake in shares of John Marshall Bancorp during the second quarter valued at approximately $63,000. Raymond James Financial Inc. acquired a new position in shares of John Marshall Bancorp in the second quarter valued at $104,000. Finally, Osaic Holdings Inc. acquired a new position in shares of John Marshall Bancorp in the second quarter valued at $193,000. 39.09% of the stock is currently owned by institutional investors and hedge funds.

About John Marshall Bancorp

John Marshall Bancorp, Inc is a bank holding company headquartered in Wake Forest, North Carolina. Through its wholly owned subsidiary, John Marshall Bank, SB, the company provides community banking services in eastern North Carolina. Its operations are centered on relationship-driven banking, serving individuals, small businesses and middle-market customers across Wake and surrounding counties.

The company offers a range of deposit products, including checking and savings accounts, money market accounts and certificates of deposit.