John Marshall Bancorp (NASDAQ:JMSB – Get Free Report) had its price objective hoisted by investment analysts at Keefe, Bruyette & Woods from $24.00 to $25.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 9.63% from the stock’s current price.
Other research analysts have also issued reports about the stock. Weiss Ratings raised shares of John Marshall Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, May 21st. Zacks Research upgraded shares of John Marshall Bancorp to a “hold” rating in a research report on Thursday, April 16th. Finally, Raymond James Financial assumed coverage on shares of John Marshall Bancorp in a research note on Tuesday, April 14th. They issued a “strong-buy” rating and a $24.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $24.50.
View Our Latest Stock Analysis on JMSB
John Marshall Bancorp Stock Performance
John Marshall Bancorp (NASDAQ:JMSB – Get Free Report) last released 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. The firm had revenue of $18.78 million during the quarter, compared to analyst estimates of $17.41 million. John Marshall Bancorp had a net margin of 20.41% and a return on equity of 9.24%. As a group, research analysts predict that John Marshall Bancorp will post 1.85 earnings per share for the current year.
Institutional Trading of John Marshall Bancorp
A number of hedge funds have recently modified their holdings of JMSB. Royal Bank of Canada grew its position in shares of John Marshall Bancorp by 3.0% during the 4th quarter. Royal Bank of Canada now owns 21,519 shares of the company’s stock valued at $430,000 after acquiring an additional 619 shares during the period. Rhumbline Advisers raised its position in shares of John Marshall Bancorp by 7.1% during the 2nd quarter. Rhumbline Advisers now owns 19,260 shares of the company’s stock valued at $357,000 after buying an additional 1,275 shares during the period. Strs Ohio purchased a new position in John Marshall Bancorp during the first quarter worth about $26,000. Geode Capital Management LLC grew its stake in shares of John Marshall Bancorp by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 295,356 shares of the company’s stock valued at $5,906,000 after buying an additional 1,663 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in John Marshall Bancorp by 21.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,548 shares of the company’s stock worth $229,000 after buying an additional 2,063 shares in the last quarter. Hedge funds and other institutional investors own 39.09% of the company’s stock.
About John Marshall Bancorp
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