John Marshall Bancorp (NASDAQ:JMSB) Trading 1% Higher – Still a Buy?

John Marshall Bancorp, Inc. (NASDAQ:JMSBGet 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

The stock has a 50-day moving average of $21.08 and a 200 day moving average of $20.45. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market capitalization of $306.33 million, a P/E ratio of 13.65 and a beta of 0.60.

John Marshall Bancorp (NASDAQ:JMSBGet 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

(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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