John Marshall Bancorp (NASDAQ:JMSB) Stock Bumped Up to Hold by Zacks Research

John Marshall Bancorp (NASDAQ:JMSB – Get Free Report) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday, Zacks reports.

A number of other research analysts also recently issued reports on JMSB. Keefe, Bruyette & Woods raised their price target on shares of John Marshall Bancorp from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, September 14th. Weiss Ratings raised shares of John Marshall Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Finally, Wall Street Zen raised shares of John Marshall Bancorp from a “hold” rating to a “buy” rating in a research report on Saturday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $25.00.

Get Our Latest Research Report on John Marshall Bancorp

John Marshall Bancorp Stock Performance

JMSB stock opened at $23.23 on Monday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.44. The firm has a market cap of $327.78 million, a P/E ratio of 12.24 and a beta of 0.57. John Marshall Bancorp has a 12-month low of $18.60 and a 12-month high of $24.26. The stock’s 50 day simple moving average is $23.03 and its 200 day simple moving average is $21.65.

John Marshall Bancorp (NASDAQ:JMSB – Get Free Report) last announced its quarterly earnings data on Wednesday, October 28th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.05. The firm had revenue of $18.06 million for the quarter, compared to analysts’ expectations of $18.61 million. John Marshall Bancorp had a return on equity of 9.97% and a net margin of 21.84%. As a group, equities research analysts predict that John Marshall Bancorp will post 1.95 EPS for the current year.

Institutional Investors Weigh In On John Marshall Bancorp

Several large investors have recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of John Marshall Bancorp during the second quarter valued at approximately $21,460,000. Toth Financial Advisory Corp grew its holdings in John Marshall Bancorp by 7.1% in the 3rd quarter. Toth Financial Advisory Corp now owns 360,042 shares of the company’s stock worth $8,177,000 after buying an additional 23,789 shares in the last quarter. Bank of America Corp DE bought a new position in John Marshall Bancorp in the 2nd quarter worth approximately $3,883,000. Rhino Investment Partners Inc increased its position in John Marshall Bancorp by 25.0% in the 1st quarter. Rhino Investment Partners Inc now owns 118,580 shares of the company’s stock valued at $2,405,000 after acquiring an additional 23,740 shares during the period. Finally, Bank of New York Mellon Corp acquired a new stake in John Marshall Bancorp in the 2nd quarter valued at approximately $740,000. Institutional investors and hedge funds own 39.09% of the company’s stock.

John Marshall Bancorp Company Profile

(Get Free Report)

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.

Further Reading

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