Wall Street Zen upgraded shares of John Marshall Bancorp (NASDAQ:JMSB – Free 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%
John Marshall Bancorp (NASDAQ:JMSB – Get 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
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