John Marshall Bancorp (NASDAQ:JMSB) Now Covered by Keefe, Bruyette & Woods

Keefe, Bruyette & Woods assumed coverage on shares of John Marshall Bancorp (NASDAQ:JMSB) in a research report report published on Monday morning, Marketbeat reports. The firm issued an outperform rating and a $22.00 target price on the stock.

John Marshall Bancorp Stock Up 2.1%

JMSB stock opened at $19.50 on Monday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.10. The business has a 50 day moving average of $18.13 and a 200 day moving average of $17.76. The firm has a market cap of $278.46 million, a PE ratio of 15.73 and a beta of 0.70. John Marshall Bancorp has a twelve month low of $13.81 and a twelve month high of $26.52.

John Marshall Bancorp (NASDAQ:JMSB) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $0.34 earnings per share (EPS) for the quarter. John Marshall Bancorp had a net margin of 15.76% and a return on equity of 7.25%. The company had revenue of $14.60 million for the quarter.

Insider Activity

In related news, CFO Kent Carstater purchased 5,000 shares of the business’s stock in a transaction that occurred on Friday, April 25th. The shares were acquired at an average price of $15.77 per share, for a total transaction of $78,850.00. Following the completion of the acquisition, the chief financial officer directly owned 48,131 shares in the company, valued at approximately $759,025.87. The trade was a 11.59% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 12.05% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE grew its holdings in John Marshall Bancorp by 278.1% in the fourth quarter. Bank of America Corp DE now owns 269,723 shares of the company’s stock worth $5,416,000 after purchasing an additional 198,383 shares during the period. T. Rowe Price Investment Management Inc. boosted its position in shares of John Marshall Bancorp by 8.7% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,943,902 shares of the company’s stock worth $39,034,000 after purchasing an additional 155,234 shares during the period. FJ Capital Management LLC grew its holdings in shares of John Marshall Bancorp by 83.6% in the first quarter. FJ Capital Management LLC now owns 320,127 shares of the company’s stock worth $5,288,000 after purchasing an additional 145,746 shares during the last quarter. Nuveen LLC purchased a new position in shares of John Marshall Bancorp in the 1st quarter valued at approximately $564,000. Finally, JPMorgan Chase & Co. grew its stake in John Marshall Bancorp by 119.6% in the 4th quarter. JPMorgan Chase & Co. now owns 43,409 shares of the company’s stock valued at $872,000 after acquiring an additional 23,640 shares during the period. Institutional investors and hedge funds own 39.09% of the company’s stock.

About John Marshall Bancorp

John Marshall Bancorp, Inc operates as the bank holding company for John Marshall Bank that provides banking products and financial services. The company accepts checking, demand, NOW, savings, and money market accounts, as well as certificates of deposit. It offers residential and commercial construction and development loans, commercial term, mortgage, commercial real estate, industrial loans, and other commercial lines of credit; debit and credit cards; and treasury and cash management, investment, business and personal insurance, remote deposit capture, deposit sweep and online and mobile banking services.