Elizabeth Park Capital Advisors Ltd. Sells 24,321 Shares of John Marshall Bancorp, Inc. $JMSB

Key Points

• Elizabeth Park Capital Advisors Ltd. reduced its stake in John Marshall Bancorp, Inc. by 14.9%, now owning approximately 139,339 shares valued at $2.3 million.
• Analysts at Keefe, Bruyette & Woods have issued an "outperform" rating for John Marshall Bancorp with a price target of $22.00.
• John Marshall Bancorp reported an earnings per share (EPS) of $0.36 for the last quarter, exceeding analysts' estimates of $0.35, despite slightly missing revenue expectations.

Elizabeth Park Capital Advisors Ltd. cut its stake in John Marshall Bancorp, Inc. (NASDAQ:JMSB - Free Report) by 14.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 139,339 shares of the company's stock after selling 24,321 shares during the period. John Marshall Bancorp makes up about 2.1% of Elizabeth Park Capital Advisors Ltd.'s portfolio, making the stock its 24th biggest holding. Elizabeth Park Capital Advisors Ltd. owned approximately 0.97% of John Marshall Bancorp worth $2,302,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Lido Advisors LLC bought a new position in shares of John Marshall Bancorp in the 4th quarter valued at $251,000. Deutsche Bank AG bought a new stake in shares of John Marshall Bancorp in the 4th quarter valued at about $261,000. Citadel Advisors LLC grew its position in shares of John Marshall Bancorp by 12.7% in the 4th quarter. Citadel Advisors LLC now owns 16,423 shares of the company's stock valued at $330,000 after buying an additional 1,851 shares during the last quarter. Barclays PLC grew its position in shares of John Marshall Bancorp by 14.6% in the 4th quarter. Barclays PLC now owns 18,835 shares of the company's stock valued at $378,000 after buying an additional 2,399 shares during the last quarter. Finally, Nuveen LLC acquired a new position in shares of John Marshall Bancorp in the 1st quarter valued at about $564,000. 39.09% of the stock is owned by institutional investors and hedge funds.

John Marshall Bancorp Stock Performance

Shares of JMSB stock traded down $0.18 during trading on Monday, hitting $19.81. The company's stock had a trading volume of 6,859 shares, compared to its average volume of 11,440. The business has a fifty day moving average of $19.14 and a 200-day moving average of $17.75. John Marshall Bancorp, Inc. has a 52 week low of $13.81 and a 52 week high of $26.52. The company has a market cap of $281.70 million, a PE ratio of 14.89 and a beta of 0.70. 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 announced its quarterly earnings data on Wednesday, July 23rd. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.01. John Marshall Bancorp had a return on equity of 7.60% and a net margin of 16.68%.The business had revenue of $15.43 million during the quarter, compared to analyst estimates of $15.52 million.

Insider Activity

In related news, CFO Kent Carstater bought 5,000 shares of the company's stock in a transaction on Thursday, July 31st. The shares were purchased at an average price of $18.43 per share, for a total transaction of $92,150.00. Following the completion of the transaction, the chief financial officer directly owned 53,131 shares in the company, valued at approximately $979,204.33. The trade was a 10.39% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 12.05% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods assumed coverage on John Marshall Bancorp in a research note on Monday, July 21st. They issued an "outperform" rating and a $22.00 price objective on the stock. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $22.00.

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.