John Marshall Bancorp, Inc. $JMSB Shares Sold by Toth Financial Advisory Corp

Toth Financial Advisory Corp reduced its holdings in shares of John Marshall Bancorp, Inc. (NASDAQ:JMSB) by 8.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 336,253 shares of the company’s stock after selling 32,368 shares during the period. Toth Financial Advisory Corp owned about 2.38% of John Marshall Bancorp worth $7,330,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in JMSB. Rhino Investment Partners Inc grew its position in shares of John Marshall Bancorp by 25.0% during the 1st quarter. Rhino Investment Partners Inc now owns 118,580 shares of the company’s stock worth $2,405,000 after buying an additional 23,740 shares in the last quarter. Advisory Services Network LLC raised its stake in shares of John Marshall Bancorp by 54.7% during the 3rd quarter. Advisory Services Network LLC now owns 16,857 shares of the company’s stock worth $334,000 after acquiring an additional 5,957 shares in the last quarter. NewEdge Advisors LLC purchased a new stake in shares of John Marshall Bancorp during the 3rd quarter valued at $229,000. Millennium Management LLC boosted its holdings in John Marshall Bancorp by 48.1% in the third quarter. Millennium Management LLC now owns 20,667 shares of the company’s stock worth $410,000 after acquiring an additional 6,716 shares in the last quarter. Finally, Citadel Advisors LLC boosted its stake in John Marshall Bancorp by 55.7% in the 3rd quarter. Citadel Advisors LLC now owns 20,338 shares of the company’s stock worth $403,000 after purchasing an additional 7,272 shares in the last quarter. 39.09% of the stock is currently owned by institutional investors and hedge funds.

John Marshall Bancorp Price Performance

NASDAQ:JMSB opened at $22.93 on Friday. John Marshall Bancorp, Inc. has a one year low of $18.50 and a one year high of $24.26. The stock has a market cap of $323.54 million, a PE ratio of 13.25 and a beta of 0.58. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a 50 day moving average price of $22.59 and a 200 day moving average price of $21.31.

John Marshall Bancorp (NASDAQ:JMSB) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06. The firm had revenue of $18.78 million during the quarter, compared to analyst estimates of $17.41 million. John Marshall Bancorp had a net margin of 20.41% and a return on equity of 9.16%. Equities research analysts expect that John Marshall Bancorp, Inc. will post 1.94 EPS for the current fiscal year.

John Marshall Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Stockholders of record on Wednesday, August 5th were given a dividend of $0.10 per share. This is a boost from John Marshall Bancorp’s previous quarterly dividend of $0.09. This represents a $0.40 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Wednesday, August 5th. John Marshall Bancorp’s dividend payout ratio is currently 23.12%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on JMSB shares. Wall Street Zen downgraded John Marshall Bancorp from a “buy” rating to a “hold” rating in a research report on Sunday, August 23rd. Keefe, Bruyette & Woods raised their price target on shares of John Marshall Bancorp from $24.00 to $25.00 and gave the company an “outperform” rating in a research report on Monday, July 27th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of John Marshall Bancorp in a report on Tuesday, August 18th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $24.50.

John Marshall Bancorp Profile

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.

Further Reading

• Five stocks we like better than John Marshall Bancorp
• 3 Financial Stocks Positioned for the Fed’s Next Move After Jackson Hole
• IREN’s AI Pivot Looks Real, But the Market Wanted a Faster Payoff After Earnings
• Boeing’s $131B F-15 Win: Mach 1 Momentum or Just Altitude?
• Okta Stock Surges 29%—Is $200 the Next Stop?

Want to see what other hedge funds are holding JMSB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for John Marshall Bancorp, Inc. (NASDAQ:JMSB).