John Marshall Bancorp (NASDAQ:JMSB) Issues Earnings Results

Key Points

• John Marshall Bancorp beat earnings expectations, reporting quarterly EPS of $0.55 versus the $0.50 consensus estimate. Revenue was $18.06 million, below analysts’ $18.61 million forecast.
• The stock fell 1.5% to $22.98 in mid-day trading, while the company reported a 20.41% net margin and 9.16% return on equity.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and an average price target of $25.00, although one analyst issued a “Strong Sell” rating.

John Marshall Bancorp (NASDAQ:JMSB - Get Free Report) posted its quarterly earnings results on Wednesday. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.05, FiscalAI reports. John Marshall Bancorp had a net margin of 20.41% and a return on equity of 9.16%. The company had revenue of $18.06 million during the quarter, compared to the consensus estimate of $18.61 million.

John Marshall Bancorp Trading Down 1.5%

Shares of John Marshall Bancorp stock traded down $0.36 during mid-day trading on Wednesday, hitting $22.98. 158,897 shares of the stock were exchanged, compared to its average volume of 60,552. John Marshall Bancorp has a twelve month low of $18.50 and a twelve month high of $24.26. The stock has a market capitalization of $324.25 million, a price-to-earnings ratio of 13.28 and a beta of 0.58. The company has a 50-day simple moving average of $23.02 and a 200 day simple moving average of $21.57. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.44.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Wall Street Zen upgraded John Marshall Bancorp from a "hold" rating to a "buy" rating in a report on Saturday, September 19th. Weiss Ratings raised John Marshall Bancorp from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, October 8th. Zacks Research downgraded John Marshall Bancorp from a "hold" rating to a "strong sell" rating in a research report on Friday, September 25th. Finally, 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 report on Monday, September 14th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, John Marshall Bancorp has a consensus rating of "Moderate Buy" and an average target price of $25.00.

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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