Wall Street Zen Upgrades John Marshall Bancorp (NASDAQ:JMSB) to Buy

John Marshall Bancorp (NASDAQ:JMSBGet Free Report) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Several other analysts also recently commented on JMSB. Weiss Ratings upgraded John Marshall Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, May 21st. Keefe, Bruyette & Woods boosted their price target on John Marshall Bancorp from $24.00 to $25.00 and gave the stock an “outperform” rating in a research note on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $24.50.

Read Our Latest Stock Report on JMSB

John Marshall Bancorp Price Performance

Shares of John Marshall Bancorp stock opened at $23.25 on Friday. The company has a 50-day simple moving average of $22.31 and a two-hundred day simple moving average of $21.15. The stock has a market capitalization of $328.06 million, a PE ratio of 13.44 and a beta of 0.58. John Marshall Bancorp has a 52-week low of $18.50 and a 52-week high of $24.26. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.08 and a current ratio of 1.08.

John Marshall Bancorp (NASDAQ:JMSBGet Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06. The firm had revenue of $17.94 million for the quarter, compared to analysts’ expectations of $17.41 million. John Marshall Bancorp had a net margin of 20.41% and a return on equity of 9.16%. On average, analysts anticipate that John Marshall Bancorp will post 1.94 EPS for the current fiscal year.

Institutional Investors Weigh In On John Marshall Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Man Group plc bought a new stake in John Marshall Bancorp in the 2nd quarter worth approximately $366,000. Legal & General Group Plc purchased a new stake in John Marshall Bancorp during the 2nd quarter valued at $25,000. BlackRock Inc. bought a new position in shares of John Marshall Bancorp during the 2nd quarter valued at $21,460,000. Deutsche Bank AG bought a new position in shares of John Marshall Bancorp during the 2nd quarter valued at $240,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of John Marshall Bancorp in the 2nd quarter worth $740,000. Hedge funds and other institutional investors 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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