John Marshall Bancorp, Inc. (NASDAQ:JMSB) Sees Large Growth in Short Interest

John Marshall Bancorp, Inc. (NASDAQ:JMSB) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 340,199 shares, a growth of 83.7% from the August 31st total of 185,191 shares. Based on an average daily volume of 93,779 shares, the days-to-cover ratio is presently 3.6 days. Currently, 2.8% of the company’s stock are sold short.

Analysts Set New Price Targets

Several brokerages have issued reports on JMSB. Zacks Research downgraded shares of John Marshall Bancorp from a “hold” rating to a “strong sell” rating in a research report on Friday, September 25th. Wall Street Zen raised shares of John Marshall Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, September 19th. Weiss Ratings reissued a “buy (b-)” rating on shares of John Marshall Bancorp in a research report on Tuesday, August 18th. Finally, Keefe, Bruyette & Woods raised their target price on John Marshall Bancorp from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, September 14th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $25.00.

John Marshall Bancorp Stock Down 0.8%

Shares of JMSB traded down $0.19 during trading on Wednesday, reaching $22.71. The company’s stock had a trading volume of 100,335 shares, compared to its average volume of 81,556. The company has a market cap of $320.44 million, a price-to-earnings ratio of 13.24 and a beta of 0.58. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.44. The company has a fifty day moving average of $23.10 and a two-hundred day moving average of $21.83. John Marshall Bancorp has a twelve month low of $18.50 and a twelve month high of $24.26.

John Marshall Bancorp (NASDAQ:JMSB) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.06. John Marshall Bancorp had a net margin of 20.41% and a return on equity of 9.16%. The business had revenue of $18.78 million during the quarter, compared to analyst estimates of $17.41 million. On average, sell-side analysts predict that John Marshall Bancorp will post 1.94 EPS for the current fiscal year.

John Marshall Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Stockholders of record on Wednesday, August 5th were paid a $0.10 dividend. This is a boost from John Marshall Bancorp’s previous quarterly dividend of $0.09. The ex-dividend date was Wednesday, August 5th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.8%. John Marshall Bancorp’s dividend payout ratio (DPR) is currently 23.12%.

Hedge Funds Weigh In On John Marshall Bancorp

Several large investors have recently modified their holdings of JMSB. Legal & General Group Plc bought a new stake in John Marshall Bancorp in the second quarter valued at about $25,000. Renaissance Technologies LLC lifted its holdings in John Marshall Bancorp by 22.0% during the 1st quarter. Renaissance Technologies LLC now owns 31,600 shares of the company’s stock worth $641,000 after buying an additional 5,700 shares during the last quarter. Quantinno Capital Management LP lifted its holdings in John Marshall Bancorp by 55.6% during the 1st quarter. Quantinno Capital Management LP now owns 25,245 shares of the company’s stock worth $512,000 after buying an additional 9,025 shares during the last quarter. Deutsche Bank AG acquired a new position in shares of John Marshall Bancorp in the 2nd quarter worth approximately $240,000. Finally, KFA Private Wealth Group LLC acquired a new position in shares of John Marshall Bancorp in the 1st quarter worth approximately $301,000. 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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