John Marshall Bancorp (NASDAQ:JMSB) Stock Rating Raised to Hold at Zacks Research

Zacks Research upgraded shares of John Marshall Bancorp (NASDAQ:JMSB) from a strong sell rating to a hold rating in a research note released on Monday morning,Zacks reports.

Several other research analysts also recently commented on the stock. Keefe, Bruyette & Woods raised their price target on shares of John Marshall Bancorp from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, September 14th. Weiss Ratings upgraded shares of John Marshall Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Finally, Wall Street Zen raised shares of John Marshall Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, September 19th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, John Marshall Bancorp currently has a consensus rating of “Buy” and an average target price of $25.00.

John Marshall Bancorp Trading Down 0.1%

Shares of John Marshall Bancorp stock opened at $23.23 on Monday. The company’s 50-day moving average price is $23.03 and its 200-day moving average price is $21.65. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.44. John Marshall Bancorp has a 12-month low of $18.60 and a 12-month high of $24.26. The company has a market cap of $327.78 million, a price-to-earnings ratio of 12.36 and a beta of 0.57.

John Marshall Bancorp (NASDAQ:JMSB) last issued its quarterly earnings data on Wednesday, October 28th. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.50 by $0.05. The company had revenue of $18.06 million during the quarter, compared to analysts’ expectations of $18.61 million. John Marshall Bancorp had a net margin of 21.84% and a return on equity of 9.97%. On average, equities analysts expect that John Marshall Bancorp will post 1.95 earnings per share for the current fiscal year.

John Marshall Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 2nd. Shareholders of record on Tuesday, November 10th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.7%. The ex-dividend date is Tuesday, November 10th. John Marshall Bancorp’s dividend payout ratio is presently 21.28%.

Institutional Investors Weigh In On John Marshall Bancorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Toth Financial Advisory Corp boosted its holdings in shares of John Marshall Bancorp by 7.1% during the third quarter. Toth Financial Advisory Corp now owns 360,042 shares of the company’s stock worth $8,177,000 after purchasing an additional 23,789 shares during the period. Blue Edge Capital LLC bought a new stake in shares of John Marshall Bancorp in the second quarter worth about $338,000. NewEdge Advisors LLC purchased a new position in John Marshall Bancorp during the 2nd quarter valued at about $460,000. Bank of America Corp DE purchased a new position in John Marshall Bancorp during the 2nd quarter valued at about $3,883,000. Finally, Man Group plc purchased a new position in John Marshall Bancorp during the 2nd quarter valued at about $366,000. 39.09% of the stock is currently owned by institutional investors.

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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