Rhino Investment Partners Inc Purchases 23,740 Shares of John Marshall Bancorp, Inc. $JMSB

Rhino Investment Partners Inc lifted its position in John Marshall Bancorp, Inc. (NASDAQ:JMSBFree Report) by 25.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 118,580 shares of the company’s stock after buying an additional 23,740 shares during the period. Rhino Investment Partners Inc owned approximately 0.84% of John Marshall Bancorp worth $2,405,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of JMSB. Strs Ohio bought a new position in John Marshall Bancorp in the first quarter valued at about $26,000. Hingham Institution for Savings bought a new stake in John Marshall Bancorp during the fourth quarter valued at approximately $100,000. Raymond James Financial Inc. bought a new stake in shares of John Marshall Bancorp during the 2nd quarter valued at $104,000. Osaic Holdings Inc. purchased a new stake in shares of John Marshall Bancorp in the 2nd quarter worth $193,000. 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 purchasing an additional 2,063 shares in the last quarter. Institutional investors own 39.09% of the company’s stock.

Analyst Upgrades and Downgrades

JMSB has been the topic of several analyst reports. Keefe, Bruyette & Woods lifted their target price on John Marshall Bancorp from $24.00 to $25.00 and gave the company an “outperform” rating in a research report on Monday. Raymond James Financial began coverage on shares of John Marshall Bancorp in a report on Tuesday, April 14th. They set a “strong-buy” rating and a $24.00 price target on the stock. Zacks Research upgraded shares of John Marshall Bancorp to a “hold” rating in a research report on Thursday, April 16th. Finally, Weiss Ratings upgraded shares of John Marshall Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $24.50.

Get Our Latest Research Report on JMSB

John Marshall Bancorp Stock Up 1.2%

JMSB opened at $23.58 on Wednesday. The firm has a 50-day simple moving average of $21.74 and a two-hundred day simple moving average of $20.85. John Marshall Bancorp, Inc. has a 52 week low of $18.02 and a 52 week high of $23.79. The company has a market capitalization of $332.71 million, a PE ratio of 13.63 and a beta of 0.59. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.30.

John Marshall Bancorp (NASDAQ:JMSBGet Free Report) last issued its earnings results on Wednesday, July 22nd. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.06. John Marshall Bancorp had a return on equity of 9.24% and a net margin of 20.41%.The firm had revenue of $18.78 million for the quarter, compared to analysts’ expectations of $17.41 million. Analysts forecast that John Marshall Bancorp, Inc. will post 1.94 earnings per share for the current fiscal year.

John Marshall Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Wednesday, August 5th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Wednesday, August 5th. This is a positive change from John Marshall Bancorp’s previous quarterly dividend of $0.09. John Marshall Bancorp’s dividend payout ratio is presently 20.81%.

John Marshall Bancorp Profile

(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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Institutional Ownership by Quarter for John Marshall Bancorp (NASDAQ:JMSB)

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