John Marshall Bancorp (NASDAQ:JMSB) Upgraded at Zacks Research

Zacks Research upgraded shares of John Marshall Bancorp (NASDAQ:JMSB) to a hold rating in a research report released on Thursday,Zacks.com reports.

JMSB has been the topic of a number of other research reports. Raymond James Financial initiated coverage on shares of John Marshall Bancorp in a research note on Tuesday. They issued a “strong-buy” rating and a $24.00 target price on the stock. Weiss Ratings restated a “hold (c)” rating on shares of John Marshall Bancorp in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $23.00.

John Marshall Bancorp Stock Performance

Shares of JMSB stock opened at $21.03 on Thursday. John Marshall Bancorp has a 12 month low of $14.01 and a 12 month high of $21.62. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market capitalization of $298.84 million, a P/E ratio of 14.02 and a beta of 0.63. The company’s fifty day moving average price is $20.10 and its two-hundred day moving average price is $19.93.

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

John Marshall Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Wednesday, February 11th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Wednesday, February 11th. John Marshall Bancorp’s dividend payout ratio is 24.00%.

Institutional Investors Weigh In On John Marshall Bancorp

A number of institutional investors have recently modified their holdings of the stock. Royal Bank of Canada raised its stake in shares of John Marshall Bancorp by 3.0% in the 4th quarter. Royal Bank of Canada now owns 21,519 shares of the company’s stock valued at $430,000 after purchasing an additional 619 shares in the last quarter. Rhumbline Advisers raised its stake in John Marshall Bancorp by 7.1% during the second quarter. Rhumbline Advisers now owns 19,260 shares of the company’s stock worth $357,000 after acquiring an additional 1,275 shares during the period. Strs Ohio acquired a new stake in John Marshall Bancorp during the first quarter worth about $26,000. Geode Capital Management LLC raised its stake in John Marshall Bancorp by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 295,356 shares of the company’s stock worth $5,906,000 after acquiring an additional 1,663 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in John Marshall Bancorp by 21.8% during the third quarter. JPMorgan Chase & Co. now owns 11,548 shares of the company’s stock worth $229,000 after acquiring an additional 2,063 shares during the period. Institutional investors and hedge funds own 39.09% of the company’s stock.

John Marshall Bancorp Company Profile

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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