John Marshall Bancorp (NASDAQ:JMSB) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded John Marshall Bancorp from “hold” to “buy,” while the broader analyst consensus is also “Buy” with an average price target of $25.00.
• John Marshall Bancorp exceeded quarterly expectations, reporting $0.50 earnings per share versus the $0.44 consensus estimate and revenue of $18.78 million versus $17.41 million expected.
• Institutional ownership stands at 39.09%, with major investments from BlackRock and Bank of America; the stock recently traded at $23.15, near its 12-month high of $24.26.

John Marshall Bancorp (NASDAQ:JMSB - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Several other analysts have also recently commented on JMSB. Keefe, Bruyette & Woods lifted their price target on John Marshall Bancorp from $25.00 to $26.00 and gave the company an "outperform" rating in a report on Monday, September 14th. Weiss Ratings restated a "buy (b-)" rating on shares of John Marshall Bancorp in a report on Tuesday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $25.00.

John Marshall Bancorp Stock Performance

Shares of NASDAQ JMSB opened at $23.15 on Friday. The company has a 50-day simple moving average of $22.96 and a 200-day simple moving average of $21.63. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market cap of $326.65 million, a PE ratio of 13.38 and a beta of 0.58. John Marshall Bancorp has a 12 month low of $18.50 and a 12 month high of $24.26.

John Marshall Bancorp (NASDAQ:JMSB - Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.06. The company had revenue of $18.78 million during the quarter, compared to the consensus estimate of $17.41 million. John Marshall Bancorp had a return on equity of 9.16% and a net margin of 20.41%. On average, equities analysts anticipate that John Marshall Bancorp will post 1.94 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in shares of John Marshall Bancorp in the second quarter worth $21,460,000. Bank of America Corp DE acquired a new position in shares of John Marshall Bancorp during the 2nd quarter valued at $3,883,000. Rhino Investment Partners Inc boosted its position in John Marshall Bancorp by 25.0% during the 1st quarter. Rhino Investment Partners Inc now owns 118,580 shares of the company's stock worth $2,405,000 after purchasing an additional 23,740 shares during the period. Bank of New York Mellon Corp purchased a new stake in John Marshall Bancorp during the 2nd quarter worth $740,000. Finally, Renaissance Technologies LLC increased its holdings in John Marshall Bancorp by 22.0% in the 1st quarter. Renaissance Technologies LLC now owns 31,600 shares of the company's stock valued at $641,000 after purchasing an additional 5,700 shares in the last quarter. 39.09% of the stock is owned by institutional investors and hedge funds.

John Marshall Bancorp Company Profile

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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