Nuveen LLC Invests $564,000 in John Marshall Bancorp, Inc. $JMSB

Key Points

• Nuveen LLC has acquired a new position in John Marshall Bancorp, Inc. by purchasing 34,141 shares valued at approximately $564,000.
• Insider transactions indicate confidence, with CFO Kent Carstater buying 5,000 shares at an average price of $18.43, increasing his ownership by 10.39%.
• John Marshall Bancorp reported $0.36 earnings per share, beating analysts' estimates, and is currently rated as a "Buy" with a price target of $22.00.

Nuveen LLC bought a new position in shares of John Marshall Bancorp, Inc. (NASDAQ:JMSB - Free Report) during the first quarter, according to its most recent filing with the SEC. The fund bought 34,141 shares of the company's stock, valued at approximately $564,000. Nuveen LLC owned 0.24% of John Marshall Bancorp at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Bank of America Corp DE lifted its holdings in John Marshall Bancorp by 278.1% in the fourth quarter. Bank of America Corp DE now owns 269,723 shares of the company's stock valued at $5,416,000 after acquiring an additional 198,383 shares during the period. FJ Capital Management LLC grew its position in shares of John Marshall Bancorp by 57.0% in the fourth quarter. FJ Capital Management LLC now owns 174,381 shares of the company's stock valued at $3,502,000 after purchasing an additional 63,298 shares in the last quarter. Deutsche Bank AG acquired a new stake in shares of John Marshall Bancorp in the fourth quarter valued at $261,000. Lido Advisors LLC purchased a new position in shares of John Marshall Bancorp during the fourth quarter worth about $251,000. Finally, Northern Trust Corp raised its position in shares of John Marshall Bancorp by 6.0% during the 4th quarter. Northern Trust Corp now owns 108,839 shares of the company's stock worth $2,185,000 after purchasing an additional 6,178 shares during the last quarter. Institutional investors own 39.09% of the company's stock.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods began coverage on shares of John Marshall Bancorp in a report on Monday, July 21st. They issued an "outperform" rating and a $22.00 price objective for the company. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, John Marshall Bancorp presently has a consensus rating of "Buy" and an average target price of $22.00.

Insider Buying and Selling

In other news, CFO Kent Carstater acquired 5,000 shares of the firm's stock in a transaction dated Thursday, July 31st. The shares were bought at an average price of $18.43 per share, with a total value of $92,150.00. Following the acquisition, the chief financial officer owned 53,131 shares of the company's stock, valued at $979,204.33. This trade represents a 10.39% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 12.05% of the company's stock.

John Marshall Bancorp Stock Performance

NASDAQ JMSB traded up $0.11 during trading hours on Monday, hitting $20.28. 11,947 shares of the company's stock traded hands, compared to its average volume of 19,361. John Marshall Bancorp, Inc. has a 52 week low of $13.81 and a 52 week high of $26.52. The firm has a market capitalization of $288.31 million, a P/E ratio of 15.24 and a beta of 0.70. The business's fifty day moving average price is $19.25 and its two-hundred day moving average price is $17.76. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.38.

John Marshall Bancorp (NASDAQ:JMSB - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.01. The company had revenue of $15.43 million for the quarter, compared to the consensus estimate of $15.52 million. John Marshall Bancorp had a net margin of 16.68% and a return on equity of 7.60%.

About John Marshall Bancorp

John Marshall Bancorp, Inc operates as the bank holding company for John Marshall Bank that provides banking products and financial services. The company accepts checking, demand, NOW, savings, and money market accounts, as well as certificates of deposit. It offers residential and commercial construction and development loans, commercial term, mortgage, commercial real estate, industrial loans, and other commercial lines of credit; debit and credit cards; and treasury and cash management, investment, business and personal insurance, remote deposit capture, deposit sweep and online and mobile banking services.