John Marshall Bancorp (NASDAQ:JMSB) Posts Quarterly Earnings Results, Beats Expectations By $0.05 EPS

John Marshall Bancorp (NASDAQ:JMSB) posted its quarterly earnings data on Wednesday. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.05, FiscalAI reports. The business 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 9.16% and a net margin of 20.41%.

John Marshall Bancorp Trading Down 1.5%

Shares of JMSB stock traded down $0.36 during mid-day trading on Wednesday, reaching $22.98. The company’s stock had a trading volume of 158,897 shares, compared to its average volume of 60,552. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $324.25 million, a PE ratio of 13.28 and a beta of 0.58. The company’s 50 day simple moving average is $23.02 and its 200-day simple moving average is $21.57. John Marshall Bancorp has a 12-month low of $18.50 and a 12-month high of $24.26.

Wall Street Analyst Weigh In

Several research firms recently commented on JMSB. Keefe, Bruyette & Woods upped their target price on John Marshall Bancorp from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, September 14th. Zacks Research lowered shares of John Marshall Bancorp from a “hold” rating to a “strong sell” rating in a report on Friday, September 25th. Weiss Ratings upgraded shares of John Marshall Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Finally, Wall Street Zen upgraded shares of John Marshall Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $25.00.

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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