John Marshall Bancorp (NASDAQ:JMSB) Upgraded by Wall Street Zen to Buy Rating

Wall Street Zen upgraded shares of John Marshall Bancorp (NASDAQ:JMSBFree Report) from a hold rating to a buy rating in a research note released on Saturday,Wall Street Zen reports.

JMSB has been the topic of several other reports. Weiss Ratings reissued a “buy (b-)” rating on shares of John Marshall Bancorp in a report on Tuesday, August 18th. Keefe, Bruyette & Woods upped their target price on John Marshall Bancorp from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, September 14th. One research 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 stock. According to data from MarketBeat.com, John Marshall Bancorp presently has an average rating of “Buy” and a consensus price target of $25.00.

Check Out Our Latest Stock Report on John Marshall Bancorp

John Marshall Bancorp Trading Up 0.1%

Shares of John Marshall Bancorp stock opened at $23.15 on Friday. The firm has a 50-day simple moving average of $22.96 and a two-hundred day simple moving average of $21.63. The company has a market cap of $326.65 million, a P/E ratio of 13.38 and a beta of 0.58. John Marshall Bancorp has a fifty-two week low of $18.50 and a fifty-two week high of $24.26. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.08 and a current ratio of 1.08.

John Marshall Bancorp (NASDAQ:JMSBGet Free Report) last posted its earnings results 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 return on equity of 9.16% and a net margin of 20.41%.The firm had revenue of $18.78 million for the quarter, compared to analysts’ expectations of $17.41 million. As a group, equities analysts predict that John Marshall Bancorp will post 1.94 earnings per share for the current fiscal year.

John Marshall Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Wednesday, August 5th were paid a $0.10 dividend. This is a boost from John Marshall Bancorp’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Wednesday, August 5th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.7%. John Marshall Bancorp’s dividend payout ratio is 23.12%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Legal & General Group Plc purchased a new position in shares of John Marshall Bancorp during the 2nd quarter worth $25,000. Deutsche Bank AG acquired a new position in shares of John Marshall Bancorp in the 2nd quarter worth approximately $240,000. KFA Private Wealth Group LLC purchased a new position in shares of John Marshall Bancorp during the 1st quarter worth approximately $301,000. GSA Capital Partners LLP acquired a new stake in John Marshall Bancorp in the 2nd quarter valued at approximately $327,000. Finally, Blue Edge Capital LLC purchased a new stake in John Marshall Bancorp in the second quarter valued at approximately $338,000. Institutional investors and hedge funds own 39.09% of the company’s stock.

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.

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