John Marshall Bancorp, Inc. (NASDAQ:JMSB) Sees Significant Growth in Short Interest

John Marshall Bancorp, Inc. (NASDAQ:JMSB) saw a significant increase in short interest in March. As of March 13th, there was short interest totaling 106,128 shares, an increase of 29.7% from the February 26th total of 81,854 shares. Based on an average daily volume of 43,466 shares, the days-to-cover ratio is presently 2.4 days. Approximately 0.8% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c)” rating on shares of John Marshall Bancorp in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.00.

John Marshall Bancorp Stock Down 0.4%

Shares of JMSB traded down $0.09 during trading hours on Friday, hitting $20.05. The company had a trading volume of 9,815 shares, compared to its average volume of 35,801. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $284.91 million, a PE ratio of 13.37 and a beta of 0.70. John Marshall Bancorp has a one year low of $13.81 and a one year high of $21.58. The company’s fifty day moving average price is $20.07 and its two-hundred day moving average price is $19.90.

John Marshall Bancorp (NASDAQ:JMSB) last issued its quarterly earnings data on Wednesday, January 28th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. John Marshall Bancorp had a return on equity of 8.23% and a net margin of 18.41%.The company had revenue of $16.35 million for the quarter, compared to the consensus estimate of $16.54 million.

John Marshall Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Wednesday, February 11th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Wednesday, February 11th. John Marshall Bancorp’s dividend payout ratio is presently 24.00%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of JMSB. FJ Capital Management LLC raised its stake in shares of John Marshall Bancorp by 29.1% during the 2nd quarter. FJ Capital Management LLC now owns 413,353 shares of the company’s stock worth $7,659,000 after acquiring an additional 93,226 shares in the last quarter. Fourthstone LLC acquired a new stake in John Marshall Bancorp in the second quarter valued at approximately $1,535,000. Rhino Investment Partners Inc purchased a new position in John Marshall Bancorp in the third quarter worth $807,000. Renaissance Technologies LLC acquired a new position in shares of John Marshall Bancorp during the fourth quarter worth $518,000. Finally, Snowden Capital Advisors LLC acquired a new position in shares of John Marshall Bancorp during the second quarter worth $396,000. Hedge funds and other institutional investors own 39.09% of the company’s stock.

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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