John Marshall Bancorp (NASDAQ:JMSB) Releases Quarterly Earnings Results, Beats Expectations By $0.06 EPS

John Marshall Bancorp (NASDAQ:JMSB) announced its quarterly earnings results on Wednesday. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06, FiscalAI reports. The company had revenue of $18.78 million for the quarter, compared to the consensus estimate of $17.41 million. John Marshall Bancorp had a return on equity of 8.60% and a net margin of 19.27%.

John Marshall Bancorp Price Performance

Shares of JMSB opened at $22.18 on Thursday. The firm has a market cap of $312.96 million, a PE ratio of 13.95 and a beta of 0.59. John Marshall Bancorp has a 1-year low of $18.02 and a 1-year high of $23.39. 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 fifty day simple moving average of $21.59 and a two-hundred day simple moving average of $20.76.

John Marshall Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Wednesday, August 5th will be issued a $0.10 dividend. This is an increase from John Marshall Bancorp’s previous quarterly dividend of $0.09. This represents a $0.40 annualized dividend and a yield of 1.8%. The ex-dividend date is Wednesday, August 5th. John Marshall Bancorp’s dividend payout ratio is 22.64%.

Analysts Set New Price Targets

JMSB has been the topic of a number of recent analyst reports. Raymond James Financial initiated coverage on John Marshall Bancorp in a research report on Tuesday, April 14th. They issued a “strong-buy” rating and a $24.00 price objective on the stock. Keefe, Bruyette & Woods raised their price target on John Marshall Bancorp from $23.00 to $24.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. Weiss Ratings upgraded shares of John Marshall Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, May 21st. Finally, Zacks Research raised shares of John Marshall Bancorp to a “hold” rating in a research report on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $24.00.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of JMSB. Strs Ohio bought a new stake in shares of John Marshall Bancorp during the 1st quarter valued at about $26,000. Raymond James Financial Inc. bought a new position in shares of John Marshall Bancorp in the 2nd quarter worth approximately $104,000. Osaic Holdings Inc. bought a new position in shares of John Marshall Bancorp in the 2nd quarter worth approximately $193,000. NewEdge Advisors LLC purchased a new position in shares of John Marshall Bancorp in the third quarter worth approximately $229,000. Finally, JPMorgan Chase & Co. grew its position in John Marshall Bancorp by 21.8% during the third quarter. JPMorgan Chase & Co. now owns 11,548 shares of the company’s stock valued at $229,000 after buying an additional 2,063 shares during the period. 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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