John Marshall Bancorp (NASDAQ:JMSB) Trading 1% Higher – Still a Buy?

Shares of John Marshall Bancorp, Inc. (NASDAQ:JMSBGet 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%

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 company has a 50-day simple moving average of $21.08 and a 200 day simple moving average of $20.45. The company has a market capitalization of $306.33 million, a P/E ratio of 13.65 and a beta of 0.60.

John Marshall Bancorp (NASDAQ:JMSBGet 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

(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.

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