John Marshall Bancorp (NASDAQ:JMSB) Given New $24.00 Price Target at Keefe, Bruyette & Woods

John Marshall Bancorp (NASDAQ:JMSB) had its price objective boosted by analysts at Keefe, Bruyette & Woods from $23.00 to $24.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 13.48% from the stock’s previous close.

Several other brokerages also recently weighed in on JMSB. Raymond James Financial started coverage on shares of John Marshall Bancorp in a report on Tuesday, April 14th. They issued a “strong-buy” rating and a $24.00 price target on the stock. Zacks Research raised shares of John Marshall Bancorp to a “hold” rating in a research note on Thursday, April 16th. Finally, Weiss Ratings raised shares of John Marshall Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $24.00.

John Marshall Bancorp Stock Performance

NASDAQ:JMSB traded up $0.15 during midday trading on Friday, hitting $21.15. The company’s stock had a trading volume of 477 shares, compared to its average volume of 30,319. John Marshall Bancorp has a fifty-two week low of $16.27 and a fifty-two week high of $22.10. The firm’s 50 day moving average is $20.27 and its 200-day moving average is $20.06. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market cap of $300.54 million, a P/E ratio of 13.30 and a beta of 0.63.

John Marshall Bancorp (NASDAQ:JMSB) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.03. John Marshall Bancorp had a net margin of 19.27% and a return on equity of 8.67%. The company had revenue of $16.79 million for the quarter, compared to the consensus estimate of $16.48 million. Equities analysts anticipate that John Marshall Bancorp will post 1.8 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada lifted its holdings in John Marshall Bancorp by 3.0% in the 4th quarter. Royal Bank of Canada now owns 21,519 shares of the company’s stock valued at $430,000 after purchasing an additional 619 shares in the last quarter. Rhumbline Advisers lifted its holdings in John Marshall Bancorp by 7.1% in the 2nd quarter. Rhumbline Advisers now owns 19,260 shares of the company’s stock valued at $357,000 after purchasing an additional 1,275 shares in the last quarter. Strs Ohio acquired a new stake in shares of John Marshall Bancorp in the 1st quarter worth $26,000. Geode Capital Management LLC increased its stake in shares of John Marshall Bancorp by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 295,356 shares of the company’s stock worth $5,906,000 after acquiring an additional 1,663 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of John Marshall Bancorp by 21.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,548 shares of the company’s stock worth $229,000 after acquiring an additional 2,063 shares during the last quarter. Hedge funds and other institutional investors own 39.09% of the company’s stock.

About John Marshall Bancorp

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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