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

John Marshall Bancorp (NASDAQ:JMSB) had its target price raised by Keefe, Bruyette & Woods from $23.00 to $24.00 in a report released on Friday morning,Benzinga reports. They currently have an outperform rating on the stock.

JMSB has been the subject of a number of other reports. Weiss Ratings upgraded John Marshall Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday. Raymond James Financial started coverage on John Marshall Bancorp in a research report on Tuesday, April 14th. They issued a “strong-buy” rating and a $24.00 price target on the stock. Finally, Zacks Research upgraded John Marshall Bancorp to a “hold” rating in a research note on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, John Marshall Bancorp presently has an average rating of “Moderate Buy” and a consensus target price of $24.00.

John Marshall Bancorp Stock Up 2.2%

JMSB traded up $0.46 during trading hours on Friday, hitting $21.46. 18,217 shares of the company’s stock were exchanged, compared to its average volume of 51,594. The firm has a market cap of $302.84 million, a P/E ratio of 13.50 and a beta of 0.60. John Marshall Bancorp has a 12-month low of $16.27 and a 12-month high of $22.10. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.30. The firm has a 50 day moving average of $20.27 and a 200 day moving average of $20.06.

John Marshall Bancorp (NASDAQ:JMSB) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.40 by $0.03. John Marshall Bancorp had a net margin of 19.27% and a return on equity of 8.67%. The company had revenue of $16.79 million during the quarter, compared to analysts’ expectations of $16.48 million. Analysts predict that John Marshall Bancorp will post 1.85 EPS for the current fiscal year.

John Marshall Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 13th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Wednesday, May 13th. John Marshall Bancorp’s payout ratio is 22.64%.

Hedge Funds Weigh In On John Marshall Bancorp

Several large investors have recently bought and sold shares of JMSB. Strs Ohio purchased a new stake in John Marshall Bancorp during the 1st quarter worth about $26,000. Hingham Institution for Savings purchased a new position in shares of John Marshall Bancorp in the 4th quarter valued at about $100,000. Raymond James Financial Inc. acquired a new stake in shares of John Marshall Bancorp during the 2nd quarter worth about $104,000. Osaic Holdings Inc. acquired a new stake in shares of John Marshall Bancorp during the 2nd quarter worth about $193,000. Finally, JPMorgan Chase & Co. lifted its stake in John Marshall Bancorp by 21.8% during the third quarter. JPMorgan Chase & Co. now owns 11,548 shares of the company’s stock worth $229,000 after purchasing an additional 2,063 shares during the last quarter. Hedge funds and other institutional investors own 39.09% of the company’s stock.

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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