John Marshall Bancorp (NASDAQ:JMSB) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of John Marshall Bancorp (NASDAQ:JMSB) from a hold rating to a buy rating in a research note released on Saturday morning,Wall Street Zen reports.

Several other equities analysts have also commented on JMSB. Keefe, Bruyette & Woods upped their price objective on shares of John Marshall Bancorp from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Monday, September 14th. Weiss Ratings restated a “buy (b-)” rating on shares of John Marshall Bancorp in a research note 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 issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $25.00.

John Marshall Bancorp Stock Down 0.1%

Shares of NASDAQ:JMSB opened at $23.13 on Friday. The company has a market capitalization of $326.36 million, a price-to-earnings ratio of 13.37 and a beta of 0.58. John Marshall Bancorp has a 12-month low of $18.50 and a 12-month high of $24.26. The business has a 50-day moving average price of $22.98 and a 200 day moving average price of $21.67. 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 (NASDAQ:JMSB) last posted its earnings results on Wednesday, July 22nd. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06. The company had revenue of $18.78 million for the quarter, compared to analysts’ expectations of $17.41 million. John Marshall Bancorp had a net margin of 20.41% and a return on equity of 9.16%. Sell-side analysts expect that John Marshall Bancorp will post 1.94 EPS for the current year.

John Marshall Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 26th. Stockholders of record on Wednesday, August 5th were paid a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, August 5th. This is a positive change 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%. John Marshall Bancorp’s payout ratio is 23.12%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Legal & General Group Plc purchased a new position in John Marshall Bancorp in the second quarter valued at $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 boosted its position in shares of 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 acquiring an additional 9,025 shares in the last quarter. Deutsche Bank AG acquired a new position in shares of John Marshall Bancorp during the 2nd quarter worth about $240,000. Finally, KFA Private Wealth Group LLC purchased a new position in shares of John Marshall Bancorp in the 1st quarter valued at about $301,000. Institutional investors and hedge funds 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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