Short Interest in John Marshall Bancorp, Inc. (NASDAQ:JMSB) Drops By 23.7%

John Marshall Bancorp, Inc. (NASDAQ:JMSB) was the recipient of a significant decline in short interest in December. As of December 31st, there was short interest totaling 76,203 shares, a decline of 23.7% from the December 15th total of 99,937 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average trading volume of 17,017 shares, the days-to-cover ratio is currently 4.5 days. Based on an average trading volume of 17,017 shares, the days-to-cover ratio is currently 4.5 days. Currently, 0.6% of the company’s stock are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of John Marshall Bancorp in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $22.00.

John Marshall Bancorp Stock Performance

NASDAQ JMSB opened at $19.82 on Tuesday. The company has a fifty day moving average price of $20.02 and a 200-day moving average price of $19.64. The firm has a market cap of $281.05 million, a price-to-earnings ratio of 14.06 and a beta of 0.68. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.06 and a quick ratio of 1.06. John Marshall Bancorp has a 1 year low of $13.81 and a 1 year high of $21.58.

John Marshall Bancorp (NASDAQ:JMSB) last released its quarterly earnings results on Wednesday, October 29th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.01. John Marshall Bancorp had a net margin of 17.62% and a return on equity of 7.93%. The company had revenue of $15.94 million for the quarter, compared to analyst estimates of $15.88 million.

Institutional Trading of John Marshall Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of JMSB. Strs Ohio purchased a new position in John Marshall Bancorp in the first quarter worth $26,000. Ameritas Advisory Services LLC bought a new stake in shares of John Marshall Bancorp during the 2nd quarter worth $45,000. Atlantic Union Bankshares Corp bought a new stake in shares of John Marshall Bancorp during the 2nd quarter worth $63,000. Raymond James Financial Inc. purchased a new position in shares of John Marshall Bancorp in the 2nd quarter worth about $104,000. Finally, Osaic Holdings Inc. bought a new position in John Marshall Bancorp during the second quarter valued at about $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 a bank holding company headquartered in Wake Forest, North Carolina. Through its wholly owned subsidiary, John Marshall Bank, SB, the company provides community banking services in eastern North Carolina. Its operations are centered on relationship-driven banking, serving individuals, small businesses and middle-market customers across Wake and surrounding counties.

The company offers a range of deposit products, including checking and savings accounts, money market accounts and certificates of deposit.