John Marshall Bancorp (NASDAQ:JMSB) Trading Up 2.3% – Should You Buy?

John Marshall Bancorp, Inc. (NASDAQ:JMSB)’s share price was up 2.3% during trading on Thursday . The company traded as high as $20.35 and last traded at $19.83. Approximately 30,710 shares traded hands during mid-day trading, an increase of 78% from the average daily volume of 17,261 shares. The stock had previously closed at $19.39.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c)” rating on shares of John Marshall Bancorp in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, John Marshall Bancorp presently has a consensus rating of “Moderate Buy” and an average price target of $22.00.

John Marshall Bancorp Trading Down 1.5%

The firm has a 50-day moving average of $19.96 and a 200 day moving average of $19.59. The company has a market cap of $276.94 million, a P/E ratio of 13.85 and a beta of 0.68. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.31.

John Marshall Bancorp (NASDAQ:JMSB) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.01. The firm had revenue of $15.94 million for the quarter, compared to analyst estimates of $15.88 million. John Marshall Bancorp had a return on equity of 7.93% and a net margin of 17.62%.

Hedge Funds Weigh In On John Marshall Bancorp

A number of institutional investors and hedge funds have recently made changes to their positions in JMSB. Fourthstone LLC acquired a new position in John Marshall Bancorp during the second quarter worth $1,535,000. FJ Capital Management LLC increased its position in shares of John Marshall Bancorp by 29.1% during the second quarter. FJ Capital Management LLC now owns 413,353 shares of the company’s stock worth $7,659,000 after acquiring an additional 93,226 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of John Marshall Bancorp during the second quarter worth about $45,000. Atlantic Union Bankshares Corp acquired a new stake in shares of John Marshall Bancorp in the 2nd quarter worth about $63,000. Finally, JPMorgan Chase & Co. lifted its position in John Marshall Bancorp by 21.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,548 shares of the company’s stock valued at $229,000 after acquiring an additional 2,063 shares in the last quarter. Institutional investors own 39.09% of the company’s stock.

About John Marshall Bancorp

John Marshall Bancorp, Inc is a bank holding company headquartered in Wake Forest, North Carolina. Through its wholly owned subsidiary, John Marshall Bank, SB, the company provides community banking services in eastern North Carolina. Its operations are centered on relationship-driven banking, serving individuals, small businesses and middle-market customers across Wake and surrounding counties.

The company offers a range of deposit products, including checking and savings accounts, money market accounts and certificates of deposit.