John Marshall Bancorp (NASDAQ:JMSB) Stock Price Down 2.8% – Time to Sell?

John Marshall Bancorp, Inc. (NASDAQ:JMSBGet 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%

The firm’s 50-day simple moving average is $20.10 and its 200-day simple moving average is $19.91. The firm has a market capitalization of $275.09 million, a PE ratio of 12.93 and a beta of 0.70. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.31.

John Marshall Bancorp (NASDAQ:JMSBGet 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

(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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