John Marshall Bancorp (NASDAQ:JMSB) Share Price Crosses Below Fifty Day Moving Average – Should You Sell?

John Marshall Bancorp, Inc. (NASDAQ:JMSB)’s share price crossed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $23.07 and traded as low as $22.81. John Marshall Bancorp shares last traded at $23.04, with a volume of 99,187 shares traded.

Analysts Set New Price Targets

JMSB has been the topic of a number of analyst reports. Wall Street Zen downgraded shares of John Marshall Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday. Keefe, Bruyette & Woods increased their price target on shares of John Marshall Bancorp from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, September 14th. Zacks Research upgraded shares of John Marshall Bancorp from a “strong sell” rating to a “hold” rating in a report on Monday, November 2nd. Finally, Weiss Ratings raised shares of John Marshall Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, John Marshall Bancorp has a consensus rating of “Buy” and a consensus target price of $25.00.

John Marshall Bancorp Stock Down 0.4%

The business has a 50 day simple moving average of $23.07 and a 200 day simple moving average of $21.72. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.06 and a quick ratio of 1.08. The company has a market capitalization of $325.09 million, a price-to-earnings ratio of 12.26 and a beta of 0.57.

John Marshall Bancorp (NASDAQ:JMSB) last announced its earnings results on Wednesday, October 28th. The company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. John Marshall Bancorp had a return on equity of 9.90% and a net margin of 21.84%. The company had revenue of $18.06 million during the quarter, compared to analysts’ expectations of $18.61 million. As a group, equities analysts predict that John Marshall Bancorp, Inc. will post 1.95 earnings per share for the current fiscal year.

John Marshall Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 2nd. Investors of record on Tuesday, November 10th will be issued a $0.10 dividend. The ex-dividend date is Tuesday, November 10th. This represents a $0.40 dividend on an annualized basis and a yield of 1.7%. John Marshall Bancorp’s dividend payout ratio (DPR) is 21.28%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Legal & General Group Plc purchased a new stake in shares of John Marshall Bancorp during the 2nd quarter worth $25,000. Deutsche Bank AG purchased a new position in John Marshall Bancorp during the 2nd quarter worth $240,000. GSA Capital Partners LLP purchased a new position in shares of John Marshall Bancorp during the second quarter worth about $327,000. Blue Edge Capital LLC purchased a new position in shares of John Marshall Bancorp in the 2nd quarter valued at approximately $338,000. Finally, Man Group plc purchased a new position in John Marshall Bancorp in the 2nd quarter valued at $366,000. Hedge funds and other 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, D.C. The Bank is dedicated to providing exceptional value, personalized service and convenience to local businesses and professionals in the Washington, D.C. 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.