Shares of John Marshall Bancorp, Inc. (NASDAQ:JMSB – Get Free Report) traded up 1% on Friday . The company traded as high as $21.89 and last traded at $21.71. 44,567 shares changed hands during mid-day trading, an increase of 39% from the average session volume of 32,121 shares. The stock had previously closed at $21.50.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on 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. Keefe, Bruyette & Woods raised their price objective on John Marshall Bancorp from $23.00 to $24.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. Zacks Research raised John Marshall Bancorp to a “hold” rating in a research note on Thursday, April 16th. Finally, Raymond James Financial assumed coverage on John Marshall Bancorp in a research note on Tuesday, April 14th. They issued a “strong-buy” rating and a $24.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $24.00.
Get Our Latest Stock Report on John Marshall Bancorp
John Marshall Bancorp Trading Up 1.0%
John Marshall Bancorp (NASDAQ:JMSB – Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.40 by $0.03. The company had revenue of $16.79 million for the quarter, compared to the consensus estimate of $16.48 million. John Marshall Bancorp had a return on equity of 8.60% and a net margin of 19.27%. Sell-side analysts expect that John Marshall Bancorp, Inc. will post 1.85 earnings per share for the current year.
John Marshall Bancorp Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Wednesday, May 13th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Wednesday, May 13th. John Marshall Bancorp’s payout ratio is currently 22.64%.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the business. Strs Ohio bought a new position in John Marshall Bancorp in the 1st quarter worth approximately $26,000. Hingham Institution for Savings bought a new position in John Marshall Bancorp in the 4th quarter worth approximately $100,000. Raymond James Financial Inc. bought a new position in John Marshall Bancorp in the 2nd quarter worth approximately $104,000. Osaic Holdings Inc. bought a new position in John Marshall Bancorp in the 2nd quarter worth approximately $193,000. Finally, JPMorgan Chase & Co. increased its position in John Marshall Bancorp by 21.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,548 shares of the company’s stock worth $229,000 after buying an additional 2,063 shares during the period. 39.09% of the stock is owned by institutional investors.
John Marshall Bancorp Company Profile
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