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.

Several other brokerages also recently commented on JMSB. Keefe, Bruyette & Woods upped their price target on shares of John Marshall Bancorp from $24.00 to $25.00 and gave the company an “outperform” rating in a research report on Monday, July 27th. Weiss Ratings upgraded shares of John Marshall Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, John Marshall Bancorp currently has a consensus rating of “Buy” and an average target price of $24.50.

John Marshall Bancorp Trading Down 0.7%

Shares of JMSB opened at $23.09 on Friday. The business’s 50-day moving average price is $22.34 and its 200 day moving average price is $21.17. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $325.85 million, a P/E ratio of 13.35 and a beta of 0.58. John Marshall Bancorp has a 1-year low of $18.50 and a 1-year high of $24.26.

John Marshall Bancorp (NASDAQ:JMSB) last posted its quarterly earnings data on Wednesday, July 22nd. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06. John Marshall Bancorp had a net margin of 20.41% and a return on equity of 9.16%. The company had revenue of $17.94 million during the quarter, compared to analyst estimates of $17.41 million. Analysts expect that John Marshall Bancorp will post 1.94 earnings per share for the current year.

John Marshall Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Wednesday, August 5th will be paid a dividend of $0.10 per share. This is a boost from John Marshall Bancorp’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Wednesday, August 5th. This represents a $0.40 annualized dividend and a yield of 1.7%. John Marshall Bancorp’s dividend payout ratio (DPR) is presently 23.12%.

Institutional Trading of John Marshall Bancorp

A number of hedge funds have recently made changes to their positions in JMSB. Legal & General Group Plc acquired a new stake in shares of John Marshall Bancorp during the second quarter worth approximately $25,000. Strs Ohio acquired a new position in John Marshall Bancorp in the 1st quarter valued at approximately $26,000. Hingham Institution for Savings acquired a new position in John Marshall Bancorp in the 4th quarter valued at approximately $100,000. Raymond James Financial Inc. purchased a new stake in John Marshall Bancorp in the 2nd quarter worth approximately $104,000. Finally, Osaic Holdings Inc. purchased a new stake in John Marshall Bancorp in the 2nd quarter worth approximately $193,000. 39.09% of the stock is owned by hedge funds and other institutional investors.

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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