John Marshall Bancorp (NASDAQ:JMSB) Issues Quarterly Earnings Results

John Marshall Bancorp (NASDAQ:JMSB) posted its quarterly earnings results on Wednesday. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.39 by $0.03, FiscalAI reports. John Marshall Bancorp had a net margin of 18.41% and a return on equity of 8.31%. The business had revenue of $16.35 million during the quarter, compared to the consensus estimate of $16.54 million.

John Marshall Bancorp Price Performance

JMSB stock traded down $0.51 during trading on Friday, reaching $20.12. 872 shares of the company were exchanged, compared to its average volume of 18,602. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market cap of $285.30 million, a P/E ratio of 13.41 and a beta of 0.68. John Marshall Bancorp has a 52-week low of $13.81 and a 52-week high of $21.58. The stock’s 50 day moving average price is $20.17 and its 200 day moving average price is $19.70.

John Marshall Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 4th. Stockholders of record on Wednesday, February 11th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Wednesday, February 11th. John Marshall Bancorp’s dividend payout ratio (DPR) is currently 21.28%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of John Marshall Bancorp in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, John Marshall Bancorp currently has a consensus rating of “Moderate Buy” and an average price target of $22.00.

Hedge Funds Weigh In On John Marshall Bancorp

Hedge funds have recently added to or reduced their stakes in the business. Strs Ohio purchased a new stake in John Marshall Bancorp during the 1st quarter worth about $26,000. Ameritas Advisory Services LLC acquired a new position in John Marshall Bancorp in the second quarter valued at $45,000. Atlantic Union Bankshares Corp purchased a new stake in John Marshall Bancorp in the 2nd quarter valued at about $63,000. Raymond James Financial Inc. acquired a new position in shares of John Marshall Bancorp in the 2nd quarter valued at about $104,000. Finally, Osaic Holdings Inc. purchased a new stake in shares of John Marshall Bancorp during the second quarter valued at approximately $193,000. 39.09% of the stock is currently owned by hedge funds and other institutional investors.

About John Marshall Bancorp

John Marshall Bancorp, Inc is a bank holding company headquartered in Wake Forest, North Carolina. Through its wholly owned subsidiary, John Marshall Bank, SB, the company provides community banking services in eastern North Carolina. Its operations are centered on relationship-driven banking, serving individuals, small businesses and middle-market customers across Wake and surrounding counties.

The company offers a range of deposit products, including checking and savings accounts, money market accounts and certificates of deposit.