Keefe, Bruyette & Woods Issues Positive Forecast for John Marshall Bancorp (NASDAQ:JMSB) Stock Price

John Marshall Bancorp (NASDAQ:JMSB) had its price target raised by analysts at Keefe, Bruyette & Woods from $25.00 to $26.00 in a research note issued on Monday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 10.80% from the company’s previous close.

A number of other brokerages have also recently weighed in on JMSB. Wall Street Zen cut shares of John Marshall Bancorp from a “buy” rating to a “hold” rating in a research report on Sunday, August 23rd. Weiss Ratings reissued a “buy (b-)” rating on shares of John Marshall Bancorp in a report on Tuesday, August 18th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, John Marshall Bancorp has a consensus rating of “Buy” and a consensus target price of $25.00.

John Marshall Bancorp Trading Up 1.8%

JMSB traded up $0.41 during trading on Monday, hitting $23.46. The company’s stock had a trading volume of 31,493 shares, compared to its average volume of 39,662. The stock has a market cap of $331.09 million, a PE ratio of 13.56 and a beta of 0.58. The firm’s 50 day moving average price is $22.82 and its 200-day moving average price is $21.52. John Marshall Bancorp has a twelve month low of $18.50 and a twelve month high of $24.26. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.08 and a quick ratio of 1.08.

John Marshall Bancorp (NASDAQ:JMSB) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.06. The firm had revenue of $18.78 million for the quarter, compared to analyst estimates of $17.41 million. John Marshall Bancorp had a return on equity of 9.16% and a net margin of 20.41%. On average, analysts expect that John Marshall Bancorp will post 1.94 earnings per share for the current year.

Institutional Trading of John Marshall Bancorp

Hedge funds have recently made changes to their positions in the stock. Legal & General Group Plc acquired a new stake in shares of John Marshall Bancorp during the 2nd quarter valued at $25,000. Strs Ohio acquired a new stake in John Marshall Bancorp in the first quarter valued at approximately $26,000. California State Teachers Retirement System lifted its stake in John Marshall Bancorp by 454.5% in the second quarter. California State Teachers Retirement System now owns 3,793 shares of the company’s stock valued at $83,000 after acquiring an additional 3,109 shares during the last quarter. Raymond James Financial Inc. bought a new stake in John Marshall Bancorp in the second quarter worth approximately $104,000. Finally, Osaic Holdings Inc. acquired a new position in shares of John Marshall Bancorp during the 2nd quarter worth $193,000. 39.09% of the stock is owned by hedge funds and other institutional investors.

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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