John Marshall Bancorp (NASDAQ:JMSB) Downgraded to “Hold” Rating by Wall Street Zen

Wall Street Zen lowered shares of John Marshall Bancorp (NASDAQ:JMSB) from a buy rating to a hold rating in a report published on Sunday.

A number of other equities analysts have also recently commented on JMSB. Weiss Ratings reiterated a “buy (b-)” rating on shares of John Marshall Bancorp in a report on Tuesday, August 18th. Keefe, Bruyette & Woods increased their price target on John Marshall Bancorp from $24.00 to $25.00 and gave the company an “outperform” rating in a report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $24.50.

John Marshall Bancorp Stock Performance

JMSB opened at $23.25 on Friday. The firm has a market cap of $328.10 million, a P/E ratio of 13.44 and a beta of 0.58. John Marshall Bancorp has a 12 month low of $18.50 and a 12 month high of $24.26. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.44. The stock has a 50-day moving average of $22.45 and a 200 day moving average of $21.24.

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

John Marshall Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Wednesday, August 5th will be given a $0.10 dividend. This is an increase from John Marshall Bancorp’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Wednesday, August 5th. This represents a $0.40 dividend on an annualized basis and a yield of 1.7%. John Marshall Bancorp’s dividend payout ratio is currently 23.12%.

Institutional Trading of John Marshall Bancorp

Several institutional investors have recently added to or reduced their stakes in JMSB. Legal & General Group Plc bought a new position in shares of John Marshall Bancorp during the second quarter valued at approximately $25,000. Strs Ohio bought a new stake in shares of John Marshall Bancorp during the 1st quarter worth approximately $26,000. Hingham Institution for Savings bought a new stake in shares of John Marshall Bancorp during the 4th quarter worth approximately $100,000. Raymond James Financial Inc. bought a new stake in shares of John Marshall Bancorp during the 2nd quarter worth approximately $104,000. Finally, Osaic Holdings Inc. purchased a new position in John Marshall Bancorp during the 2nd quarter valued at $193,000. Institutional investors own 39.09% of the company’s stock.

About John Marshall Bancorp

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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