John Marshall Bancorp, Inc. (NASDAQ:JMSB – Get Free Report) was the target of a large growth in short interest in 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 stock are short sold. Based on an average daily trading volume, of 93,779 shares, the days-to-cover ratio is currently 3.6 days.
John Marshall Bancorp Price Performance
Shares of NASDAQ JMSB traded down $0.20 during trading on Tuesday, reaching $22.90. The company had a trading volume of 53,152 shares, compared to its average volume of 41,710. John Marshall Bancorp has a 52 week low of $18.50 and a 52 week high of $24.26. The stock has a market cap of $323.12 million, a PE ratio of 13.24 and a beta of 0.58. 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 business’s 50 day moving average price is $23.07 and its 200-day moving average price is $21.79.
John Marshall Bancorp (NASDAQ:JMSB – Get Free Report) last announced its earnings results on Wednesday, July 22nd. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.06. John Marshall Bancorp had a net margin of 20.41% and a return on equity of 9.16%. The company had revenue of $18.78 million for the quarter, compared to analyst estimates of $17.41 million. Analysts expect that John Marshall Bancorp will post 1.94 earnings per share for the current year.
John Marshall Bancorp Increases Dividend
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Blue Edge Capital LLC acquired a new stake in shares of John Marshall Bancorp in the 2nd quarter valued at $338,000. NewEdge Advisors LLC acquired a new position in shares of John Marshall Bancorp during the second quarter valued at $460,000. Bank of America Corp DE acquired a new position in shares of John Marshall Bancorp during the second quarter valued at $3,883,000. Man Group plc bought a new position in John Marshall Bancorp in the second quarter valued at about $366,000. Finally, Legal & General Group Plc bought a new position in John Marshall Bancorp in the second quarter valued at about $25,000. 39.09% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of equities analysts have commented on JMSB shares. Zacks Research lowered shares of John Marshall Bancorp from a “hold” rating to a “strong sell” rating in a research report on Friday. Keefe, Bruyette & Woods raised their price objective on shares of John Marshall Bancorp from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Monday, September 14th. Wall Street Zen raised John Marshall Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, September 19th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of John Marshall Bancorp in a research report on Tuesday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $25.00.
Check Out Our Latest Stock Report on JMSB
John Marshall Bancorp Company Profile
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