John Marshall Bancorp (NASDAQ:JMSB) Announces Earnings Results, Beats Estimates By $0.06 EPS

John Marshall Bancorp (NASDAQ:JMSB) posted its quarterly earnings data on Wednesday. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.06, FiscalAI reports. John Marshall Bancorp had a net margin of 20.41% and a return on equity of 9.24%. The business had revenue of $18.78 million during the quarter, compared to analysts’ expectations of $17.41 million.

John Marshall Bancorp Trading Up 1.9%

Shares of JMSB stock traded up $0.43 during mid-day trading on Friday, hitting $22.55. The company’s stock had a trading volume of 6,219 shares, compared to its average volume of 35,595. The company has a market cap of $318.14 million, a PE ratio of 13.03 and a beta of 0.59. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.06 and a current ratio of 1.06. The company’s fifty day simple moving average is $21.61 and its 200-day simple moving average is $20.78. John Marshall Bancorp has a 52 week low of $18.02 and a 52 week high of $23.39.

John Marshall Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Wednesday, August 5th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Wednesday, August 5th. This is an increase from John Marshall Bancorp’s previous quarterly dividend of $0.09. John Marshall Bancorp’s dividend payout ratio (DPR) is 22.64%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on JMSB shares. Zacks Research raised shares of John Marshall Bancorp to a “hold” rating in a report on Thursday, April 16th. Raymond James Financial assumed coverage on John Marshall Bancorp in a report on Tuesday, April 14th. They set a “strong-buy” rating and a $24.00 price target for the company. Weiss Ratings raised John Marshall Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, May 21st. Finally, Keefe, Bruyette & Woods raised their price target on shares of John Marshall Bancorp from $23.00 to $24.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. One 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 company’s stock. According to data from MarketBeat.com, John Marshall Bancorp presently has a consensus rating of “Buy” and a consensus price target of $24.00.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of JMSB. Jane Street Group LLC bought a new position in John Marshall Bancorp during the 1st quarter valued at $243,000. Strs Ohio bought a new stake in shares of John Marshall Bancorp during the 1st quarter worth $26,000. Geode Capital Management LLC increased its holdings in John Marshall Bancorp by 1.5% during the second quarter. Geode Capital Management LLC now owns 295,870 shares of the company’s stock worth $5,484,000 after buying an additional 4,385 shares during the last quarter. Rhumbline Advisers increased 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 worth $357,000 after acquiring an additional 1,275 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in John Marshall Bancorp during the second quarter valued at about $104,000. Hedge funds and other institutional investors own 39.09% of the company’s stock.

John Marshall Bancorp Company 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.

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