Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for John Marshall Bancorp (NASDAQ:JMSB) Stock

John Marshall Bancorp (NASDAQ:JMSBGet Free Report) had its price objective raised by stock analysts at Keefe, Bruyette & Woods from $25.00 to $26.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price objective points to a potential upside of 10.80% from the stock’s current price.

A number of other research analysts have also issued reports on JMSB. Weiss Ratings reiterated a “buy (b-)” rating on shares of John Marshall Bancorp in a report on Tuesday, August 18th. Wall Street Zen lowered John Marshall Bancorp from a “buy” rating to a “hold” rating in a research report on Sunday, August 23rd. One investment 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 company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $25.00.

Read Our Latest Research Report on John Marshall Bancorp

John Marshall Bancorp Stock Up 1.8%

JMSB traded up $0.41 during trading hours on Monday, hitting $23.46. 31,493 shares of the company’s stock were exchanged, compared to its average volume of 39,662. John Marshall Bancorp has a 12-month low of $18.50 and a 12-month high of $24.26. The firm has a 50 day moving average of $22.82 and a 200 day moving average of $21.52. The firm has a market cap of $331.09 million, a P/E ratio of 13.56 and a beta of 0.58. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.44.

John Marshall Bancorp (NASDAQ:JMSBGet Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.44 by $0.06. John Marshall Bancorp had a net margin of 20.41% and a return on equity of 9.16%. The company had revenue of $18.78 million during the quarter, compared to analysts’ expectations of $17.41 million. Analysts predict that John Marshall Bancorp will post 1.94 EPS for the current fiscal year.

Hedge Funds Weigh In On John Marshall Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Legal & General Group Plc purchased a new stake in shares of John Marshall Bancorp during the 2nd quarter worth approximately $25,000. Strs Ohio purchased a new position in shares of John Marshall Bancorp in the 1st quarter valued at $26,000. California State Teachers Retirement System increased its position in shares of John Marshall Bancorp by 454.5% during the second quarter. California State Teachers Retirement System now owns 3,793 shares of the company’s stock worth $83,000 after purchasing an additional 3,109 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in John Marshall Bancorp in the second quarter valued at approximately $104,000. Finally, Osaic Holdings Inc. purchased a new position in shares of John Marshall Bancorp during the second quarter worth about $193,000. 39.09% of the stock is owned by institutional investors and hedge funds.

John Marshall Bancorp Company Profile

(Get Free Report)

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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