Toth Financial Advisory Corp lowered its position in shares of John Marshall Bancorp, Inc. (NASDAQ:JMSB – Free Report) by 8.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 336,253 shares of the company’s stock after selling 32,368 shares during the period. Toth Financial Advisory Corp’s holdings in John Marshall Bancorp were worth $7,330,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Rhino Investment Partners Inc lifted its stake in shares of John Marshall Bancorp by 25.0% during the 1st quarter. Rhino Investment Partners Inc now owns 118,580 shares of the company’s stock valued at $2,405,000 after buying an additional 23,740 shares in the last quarter. Advisory Services Network LLC boosted its holdings in John Marshall Bancorp by 54.7% in the 3rd quarter. Advisory Services Network LLC now owns 16,857 shares of the company’s stock worth $334,000 after buying an additional 5,957 shares during the period. NewEdge Advisors LLC purchased a new stake in John Marshall Bancorp in the 3rd quarter worth $229,000. Millennium Management LLC increased its stake in John Marshall Bancorp by 48.1% in the 3rd quarter. Millennium Management LLC now owns 20,667 shares of the company’s stock worth $410,000 after buying an additional 6,716 shares in the last quarter. Finally, Citadel Advisors LLC raised its holdings in John Marshall Bancorp by 55.7% during the third quarter. Citadel Advisors LLC now owns 20,338 shares of the company’s stock valued at $403,000 after acquiring an additional 7,272 shares during the period. 39.09% of the stock is currently owned by institutional investors and hedge funds.
John Marshall Bancorp Price Performance
JMSB stock opened at $22.93 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.08 and a current ratio of 1.08. The company’s fifty day moving average price is $22.59 and its 200-day moving average price is $21.31. John Marshall Bancorp, Inc. has a one year low of $18.50 and a one year high of $24.26. The company has a market capitalization of $323.54 million, a PE ratio of 13.25 and a beta of 0.58.
John Marshall Bancorp Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Wednesday, August 5th were issued a dividend of $0.10 per share. This is a boost from John Marshall Bancorp’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Wednesday, August 5th. This represents a $0.40 annualized dividend and a dividend yield of 1.7%. John Marshall Bancorp’s payout ratio is currently 23.12%.
Wall Street Analyst Weigh In
JMSB has been the topic of several research analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of John Marshall Bancorp in a research report on Tuesday, August 18th. Wall Street Zen cut John Marshall Bancorp from a “buy” rating to a “hold” rating in a research report on Sunday, August 23rd. Finally, Keefe, Bruyette & Woods lifted their target price on John Marshall Bancorp from $24.00 to $25.00 and gave the company an “outperform” rating in a research note on Monday, July 27th. One equities research 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $24.50.
Check Out Our Latest Stock Analysis on JMSB
About John Marshall Bancorp
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