Bank of America Corp DE Buys 198,383 Shares of John Marshall Bancorp, Inc. (NASDAQ:JMSB)

Bank of America Corp DE increased its position in John Marshall Bancorp, Inc. (NASDAQ:JMSB - Free Report) by 278.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 269,723 shares of the company's stock after acquiring an additional 198,383 shares during the quarter. Bank of America Corp DE owned about 1.89% of John Marshall Bancorp worth $5,416,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of JMSB. T. Rowe Price Investment Management Inc. boosted its position in shares of John Marshall Bancorp by 8.7% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,943,902 shares of the company's stock valued at $39,034,000 after acquiring an additional 155,234 shares during the period. JPMorgan Chase & Co. boosted its position in shares of John Marshall Bancorp by 119.6% in the fourth quarter. JPMorgan Chase & Co. now owns 43,409 shares of the company's stock valued at $872,000 after acquiring an additional 23,640 shares during the period. Lido Advisors LLC bought a new position in shares of John Marshall Bancorp in the fourth quarter valued at approximately $251,000. Northern Trust Corp boosted its position in shares of John Marshall Bancorp by 6.0% in the fourth quarter. Northern Trust Corp now owns 108,839 shares of the company's stock valued at $2,185,000 after acquiring an additional 6,178 shares during the period. Finally, SG Americas Securities LLC bought a new position in shares of John Marshall Bancorp in the fourth quarter valued at approximately $105,000. 39.09% of the stock is currently owned by institutional investors.

John Marshall Bancorp Price Performance

Shares of JMSB stock traded up $0.22 during trading hours on Thursday, reaching $17.53. The stock had a trading volume of 6,074 shares, compared to its average volume of 20,278. The stock's fifty day simple moving average is $16.31 and its 200 day simple moving average is $18.88. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.33. John Marshall Bancorp, Inc. has a 12 month low of $13.81 and a 12 month high of $26.52. The firm has a market capitalization of $250.29 million, a PE ratio of 14.61 and a beta of 0.68.

John Marshall Bancorp (NASDAQ:JMSB - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $0.34 earnings per share (EPS) for the quarter. John Marshall Bancorp had a net margin of 15.23% and a return on equity of 7.20%. The business had revenue of $14.60 million during the quarter.

John Marshall Bancorp Increases Dividend

The business also recently announced an annual dividend, which will be paid on Monday, July 7th. Shareholders of record on Friday, June 27th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, June 27th. This is a positive change from John Marshall Bancorp's previous annual dividend of $0.25. This represents a yield of 2%. John Marshall Bancorp's payout ratio is presently 24.19%.

Insider Buying and Selling at John Marshall Bancorp

In other John Marshall Bancorp news, CFO Kent Carstater acquired 5,000 shares of the stock in a transaction dated Friday, April 25th. The stock was purchased at an average cost of $15.77 per share, for a total transaction of $78,850.00. Following the acquisition, the chief financial officer now owns 48,131 shares in the company, valued at $759,025.87. The trade was a 11.59% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 12.05% of the stock is currently owned by company insiders.

John Marshall Bancorp Profile

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.