John Marshall Bancorp, Inc. (NASDAQ:JMSB) Stock Short Interest Jumps 83.7%

John Marshall Bancorp, Inc. (NASDAQ:JMSB) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 340,199 shares, a growth of 83.7% from the August 31st total of 185,191 shares. Approximately 2.8% of the shares of the company are short sold. Based on an average daily trading volume, of 93,779 shares, the days-to-cover ratio is presently 3.6 days.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on JMSB. Wall Street Zen raised John Marshall Bancorp from a “hold” rating to a “buy” rating in a research report on Saturday, September 19th. Zacks Research downgraded John Marshall Bancorp from a “hold” rating to a “strong sell” rating in a research note on Friday, September 25th. Weiss Ratings reissued a “buy (b-)” rating on shares of John Marshall Bancorp in a report on Tuesday, August 18th. Finally, Keefe, Bruyette & Woods raised their price objective on John Marshall Bancorp from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, September 14th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, John Marshall Bancorp currently has a consensus rating of “Moderate Buy” and an average price target of $25.00.

John Marshall Bancorp Stock Performance

Shares of NASDAQ JMSB traded up $0.03 during trading on Thursday, reaching $22.74. 19,972 shares of the company traded hands, compared to its average volume of 41,884. The firm’s fifty day simple moving average is $23.10 and its 200 day simple moving average is $21.83. The stock has a market cap of $320.88 million, a P/E ratio of 13.17 and a beta of 0.58. John Marshall Bancorp has a 12-month low of $18.50 and a 12-month high of $24.26. 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:JMSB) last issued its earnings results on Wednesday, July 22nd. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.06. The firm 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 9.16% and a net margin of 20.41%. As a group, research analysts anticipate that John Marshall Bancorp will post 1.94 earnings per share for the current fiscal year.

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 given a $0.10 dividend. The ex-dividend date was Wednesday, August 5th. This represents a $0.40 annualized dividend and a yield of 1.8%. This is a boost from John Marshall Bancorp’s previous quarterly dividend of $0.09. John Marshall Bancorp’s payout ratio is currently 23.12%.

Hedge Funds Weigh In On John Marshall Bancorp

Several institutional investors have recently made changes to their positions in the company. Blue Edge Capital LLC acquired a new stake in John Marshall Bancorp during the second quarter valued at $338,000. NewEdge Advisors LLC acquired a new position in shares of John Marshall Bancorp in the second quarter worth about $460,000. Bank of America Corp DE purchased a new stake in shares of John Marshall Bancorp during the 2nd quarter worth about $3,883,000. Man Group plc purchased a new stake in shares of John Marshall Bancorp during the 2nd quarter worth about $366,000. Finally, Legal & General Group Plc purchased a new stake in shares of John Marshall Bancorp during the 2nd quarter worth about $25,000. 39.09% of the stock is owned by hedge funds and other institutional investors.

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, 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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