John Marshall Bancorp (NASDAQ:JMSB) Given New $25.00 Price Target at Keefe, Bruyette & Woods

John Marshall Bancorp (NASDAQ:JMSBFree Report) had its price objective upped by Keefe, Bruyette & Woods from $24.00 to $25.00 in a research note issued to investors on Monday,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the stock.

Several other equities analysts have also recently weighed in on the company. Raymond James Financial started coverage on John Marshall Bancorp in a research report on Tuesday, April 14th. They set a “strong-buy” rating and a $24.00 price objective for the company. Weiss Ratings upgraded John Marshall Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, May 21st. Finally, Zacks Research upgraded John Marshall Bancorp to a “hold” rating in a report on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $24.50.

Read Our Latest Research Report on John Marshall Bancorp

John Marshall Bancorp Stock Performance

Shares of JMSB opened at $23.29 on Monday. The company has a market capitalization of $328.67 million, a PE ratio of 13.46 and a beta of 0.59. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.06 and a quick ratio of 1.06. John Marshall Bancorp has a one year low of $18.02 and a one year high of $23.39. The company’s fifty day moving average price is $21.69 and its 200 day moving average price is $20.82.

John Marshall Bancorp (NASDAQ:JMSBGet Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06. The company had revenue of $18.78 million during the quarter, compared to analysts’ expectations of $17.41 million. John Marshall Bancorp had a net margin of 20.41% and a return on equity of 9.24%. As a group, analysts expect that John Marshall Bancorp will post 1.85 earnings per share for the current year.

John Marshall Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Wednesday, August 5th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Wednesday, August 5th. This is a positive change from John Marshall Bancorp’s previous quarterly dividend of $0.09. John Marshall Bancorp’s payout ratio is presently 23.12%.

Institutional Investors Weigh In On John Marshall Bancorp

Hedge funds have recently made changes to their positions in the stock. FJ Capital Management LLC grew its position in John Marshall Bancorp by 4.0% during the third quarter. FJ Capital Management LLC now owns 429,908 shares of the company’s stock worth $8,521,000 after buying an additional 16,555 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of John Marshall Bancorp by 1.5% in the 2nd quarter. Geode Capital Management LLC now owns 295,870 shares of the company’s stock worth $5,484,000 after acquiring an additional 4,385 shares during the period. Rhino Investment Partners Inc lifted its position in shares of John Marshall Bancorp by 25.0% in the 1st quarter. Rhino Investment Partners Inc now owns 118,580 shares of the company’s stock worth $2,405,000 after acquiring an additional 23,740 shares during the period. Fourthstone LLC grew its holdings in shares of John Marshall Bancorp by 6.9% during the 4th quarter. Fourthstone LLC now owns 111,874 shares of the company’s stock worth $2,236,000 after purchasing an additional 7,233 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of John Marshall Bancorp by 22.0% during the 1st quarter. Renaissance Technologies LLC now owns 31,600 shares of the company’s stock worth $641,000 after purchasing an additional 5,700 shares in the last quarter. Institutional investors 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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