John Marshall Bancorp, Inc. (NASDAQ:JMSB) Declares Quarterly Dividend of $0.10

John Marshall Bancorp, Inc. (NASDAQ:JMSBGet Free Report) announced a quarterly dividend on Wednesday, July 22nd. Shareholders of record on Wednesday, August 5th will be given a dividend of 0.10 per share on Wednesday, August 26th. This represents a c) dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Wednesday, August 5th. This is a 11.1% increase from John Marshall Bancorp’s previous quarterly dividend of $0.09.

John Marshall Bancorp Stock Up 1.1%

Shares of JMSB traded up $0.25 during midday trading on Wednesday, hitting $22.18. The company had a trading volume of 40,677 shares, compared to its average volume of 35,719. The company’s 50-day simple moving average is $21.56 and its 200-day simple moving average is $20.74. 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 firm has a market capitalization of $312.96 million, a P/E ratio of 13.95 and a beta of 0.59. John Marshall Bancorp has a 1 year low of $18.02 and a 1 year high of $23.39.

John Marshall Bancorp (NASDAQ:JMSBGet Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.06. John Marshall Bancorp had a return on equity of 8.60% and a net margin of 19.27%.The business had revenue of $18.78 million during the quarter, compared to the consensus estimate of $17.41 million. As a group, sell-side analysts expect that John Marshall Bancorp will post 1.85 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on JMSB. Keefe, Bruyette & Woods lifted their price target on shares of John Marshall Bancorp from $23.00 to $24.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. Raymond James Financial began coverage on shares of John Marshall Bancorp in a research report on Tuesday, April 14th. They issued a “strong-buy” rating and a $24.00 price objective on the stock. Weiss Ratings raised shares of John Marshall Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, May 21st. Finally, Zacks Research raised shares of John Marshall Bancorp to a “hold” rating in a research report on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, John Marshall Bancorp has an average rating of “Buy” and a consensus target price of $24.00.

View Our Latest Research Report on JMSB

About John Marshall Bancorp

(Get Free Report)

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

Dividend History for John Marshall Bancorp (NASDAQ:JMSB)

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