John Marshall Bancorp, Inc. (NASDAQ:JMSB – Get Free Report) shares were down 2.8% during mid-day trading on Thursday . The company traded as low as $19.25 and last traded at $19.40. Approximately 25,994 shares changed hands during mid-day trading, an increase of 53% from the average daily volume of 17,024 shares. The stock had previously closed at $19.96.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings restated a “hold (c)” rating on shares of John Marshall Bancorp in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, John Marshall Bancorp presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.00.
Read Our Latest Stock Report on John Marshall Bancorp
John Marshall Bancorp Trading Down 2.8%
John Marshall Bancorp (NASDAQ:JMSB – Get Free Report) last released its earnings results 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. The company had revenue of $16.35 million during the quarter, compared to analyst estimates of $16.54 million. John Marshall Bancorp had a return on equity of 8.31% and a net margin of 18.41%.
John Marshall Bancorp Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Wednesday, February 11th were given a $0.09 dividend. The ex-dividend date was Wednesday, February 11th. This represents a $0.36 annualized dividend and a yield of 1.9%. John Marshall Bancorp’s payout ratio is presently 24.00%.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the company. AQR Capital Management LLC bought a new stake in John Marshall Bancorp during the 4th quarter valued at $414,000. Advisory Services Network LLC increased its position in shares of John Marshall Bancorp by 44.5% in the fourth quarter. Advisory Services Network LLC now owns 24,350 shares of the company’s stock valued at $487,000 after acquiring an additional 7,493 shares during the period. Royal Bank of Canada increased its position in shares of John Marshall Bancorp by 3.0% in the fourth quarter. Royal Bank of Canada now owns 21,519 shares of the company’s stock valued at $430,000 after acquiring an additional 619 shares during the period. Fourthstone LLC raised its stake in shares of John Marshall Bancorp by 6.9% during the fourth quarter. Fourthstone LLC now owns 111,874 shares of the company’s stock valued at $2,236,000 after acquiring an additional 7,233 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of John Marshall Bancorp by 37.9% during the fourth quarter. Wells Fargo & Company MN now owns 16,311 shares of the company’s stock worth $326,000 after purchasing an additional 4,481 shares during the period. 39.09% of the stock is owned by hedge funds and other institutional investors.
About John Marshall Bancorp
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