John Marshall Bancorp, Inc. (NASDAQ:JMSB – Get Free Report) shares shot up 1% during mid-day trading on Friday . The company traded as high as $21.89 and last traded at $21.71. 44,567 shares were traded during trading, an increase of 39% from the average session volume of 32,121 shares. The stock had previously closed at $21.50.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on JMSB. Keefe, Bruyette & Woods boosted their price objective on John Marshall Bancorp from $23.00 to $24.00 and gave the company an “outperform” rating in a research report on Friday, May 1st. Zacks Research upgraded John Marshall Bancorp to a “hold” rating in a research report on Thursday, April 16th. Raymond James Financial began 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 on the stock. Finally, Weiss Ratings upgraded John Marshall Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, John Marshall Bancorp has a consensus rating of “Buy” and an average price target of $24.00.
View Our Latest Analysis on John Marshall Bancorp
John Marshall Bancorp Stock Performance
John Marshall Bancorp (NASDAQ:JMSB – Get Free Report) last announced its earnings results on Wednesday, April 29th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.40 by $0.03. The company had revenue of $16.79 million for the quarter, compared to analysts’ expectations of $16.48 million. John Marshall Bancorp had a return on equity of 8.60% and a net margin of 19.27%. On average, research analysts anticipate that John Marshall Bancorp, Inc. will post 1.85 earnings per share for the current year.
John Marshall Bancorp Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 13th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Wednesday, May 13th. John Marshall Bancorp’s dividend payout ratio is presently 22.64%.
Hedge Funds Weigh In On John Marshall Bancorp
Large investors have recently made changes to their positions in the company. Rhino Investment Partners Inc acquired a new position in shares of John Marshall Bancorp during the third quarter valued at $807,000. Renaissance Technologies LLC lifted its stake in John Marshall Bancorp by 22.0% in the first quarter. Renaissance Technologies LLC now owns 31,600 shares of the company’s stock valued at $641,000 after buying an additional 5,700 shares during the period. NewEdge Advisors LLC acquired a new position in John Marshall Bancorp in the third quarter valued at about $229,000. JPMorgan Chase & Co. lifted its stake in John Marshall Bancorp by 21.8% in the third quarter. JPMorgan Chase & Co. now owns 11,548 shares of the company’s stock valued at $229,000 after buying an additional 2,063 shares during the period. Finally, Osaic Holdings Inc. acquired a new position in John Marshall Bancorp in the second quarter valued at about $193,000. Institutional investors and hedge funds own 39.09% of the company’s stock.
About John Marshall Bancorp
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