BlackRock Inc. Purchases New Holdings in John Marshall Bancorp, Inc. $JMSB

Key Points

• BlackRock acquired 984,411 shares of John Marshall Bancorp during the second quarter, worth approximately $21.46 million and representing about 6.98% of the company. Institutional investors collectively own 39.09% of the stock.
• John Marshall Bancorp exceeded quarterly expectations, reporting $0.50 earnings per share versus the $0.44 consensus estimate and revenue of $18.78 million against expectations of $17.41 million.
• The company raised its quarterly dividend from $0.09 to $0.10 per share, equal to a $0.40 annualized payout and a 1.7% yield. Analysts maintain an overall “Buy” rating with an average price target of $24.50.

BlackRock Inc. acquired a new position in shares of John Marshall Bancorp, Inc. (NASDAQ:JMSB - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 984,411 shares of the company's stock, valued at approximately $21,460,000. BlackRock Inc. owned approximately 6.98% of John Marshall Bancorp at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Strs Ohio purchased a new position in shares of John Marshall Bancorp during the first quarter valued at approximately $26,000. Raymond James Financial Inc. purchased a new stake in shares of John Marshall Bancorp in the 2nd quarter worth approximately $104,000. Osaic Holdings Inc. purchased a new stake in shares of John Marshall Bancorp in the 2nd quarter worth approximately $193,000. Deutsche Bank AG purchased a new stake in shares of John Marshall Bancorp in the 2nd quarter worth approximately $240,000. Finally, NewEdge Advisors LLC bought a new position in John Marshall Bancorp during the 3rd quarter valued at approximately $229,000. Hedge funds and other institutional investors own 39.09% of the company's stock.

John Marshall Bancorp Trading Up 2.0%

NASDAQ:JMSB opened at $23.02 on Thursday. The company's 50 day moving average price is $22.66 and its 200-day moving average price is $21.36. John Marshall Bancorp, Inc. has a 52 week low of $18.50 and a 52 week high of $24.26. 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 stock has a market cap of $324.81 million, a price-to-earnings ratio of 13.31 and a beta of 0.58.

John Marshall Bancorp (NASDAQ:JMSB - Get Free Report) last announced 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. John Marshall Bancorp had a net margin of 20.41% and a return on equity of 9.16%. The company had revenue of $18.78 million during the quarter, compared to the consensus estimate of $17.41 million. On average, equities research analysts forecast that John Marshall Bancorp, Inc. will post 1.94 earnings per share for the current fiscal year.

John Marshall Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Wednesday, August 5th were paid a dividend of $0.10 per share. The ex-dividend date was Wednesday, August 5th. This represents a $0.40 annualized dividend and a yield of 1.7%. This is a positive change from John Marshall Bancorp's previous quarterly dividend of $0.09. John Marshall Bancorp's dividend payout ratio (DPR) is 23.12%.

Wall Street Analysts Forecast Growth

JMSB has been the subject of a number of recent research reports. Weiss Ratings reiterated a "buy (b-)" rating on shares of John Marshall Bancorp in a research note on Tuesday, August 18th. Keefe, Bruyette & Woods increased their target price on John Marshall Bancorp from $24.00 to $25.00 and gave the stock an "outperform" rating in a research note on Monday, July 27th. Finally, Wall Street Zen lowered John Marshall Bancorp from a "buy" rating to a "hold" rating in a research report on Sunday, August 23rd. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $24.50.

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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