Elizabeth Park Capital Advisors Ltd. Trims Position in 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. lessened its stake in shares of John Marshall Bancorp, Inc. (NASDAQ:JMSB - Free Report) by 14.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 139,339 shares of the company's stock after selling 24,321 shares during the period. John Marshall Bancorp accounts for approximately 2.1% of Elizabeth Park Capital Advisors Ltd.'s portfolio, making the stock its 24th biggest position. Elizabeth Park Capital Advisors Ltd. owned about 0.97% of John Marshall Bancorp worth $2,302,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Lido Advisors LLC purchased a new position in shares of John Marshall Bancorp during the 4th quarter worth $251,000. Deutsche Bank AG purchased a new position in shares of John Marshall Bancorp during the 4th quarter worth $261,000. Citadel Advisors LLC raised its holdings in shares of John Marshall Bancorp by 12.7% during the 4th quarter. Citadel Advisors LLC now owns 16,423 shares of the company's stock worth $330,000 after acquiring an additional 1,851 shares during the period. Barclays PLC raised its holdings in shares of John Marshall Bancorp by 14.6% during the 4th quarter. Barclays PLC now owns 18,835 shares of the company's stock worth $378,000 after acquiring an additional 2,399 shares during the period. Finally, Nuveen LLC purchased a new position in shares of John Marshall Bancorp during the 1st quarter worth $564,000. Hedge funds and other institutional investors own 39.09% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods assumed 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 on the stock. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $22.00.

Insider Transactions at John Marshall Bancorp

In other John Marshall Bancorp news, CFO Kent Carstater purchased 5,000 shares of the business's stock in a transaction on Thursday, July 31st. The shares were bought at an average cost of $18.43 per share, for a total transaction of $92,150.00. Following the completion of the purchase, the chief financial officer directly owned 53,131 shares of the company's stock, valued at approximately $979,204.33. This trade represents a 10.39% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 12.05% of the stock is owned by company insiders.

John Marshall Bancorp Stock Up 1.6%

Shares of NASDAQ:JMSB opened at $20.09 on Wednesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market capitalization of $285.68 million, a PE ratio of 15.11 and a beta of 0.70. The firm's 50-day moving average is $19.01 and its two-hundred day moving average is $17.75. John Marshall Bancorp, Inc. has a 1 year low of $13.81 and a 1 year high of $26.52.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.35 by $0.01. The company had revenue of $15.43 million for the quarter, compared to analyst estimates of $15.52 million. John Marshall Bancorp had a net margin of 16.68% and a return on equity of 7.60%.

John Marshall Bancorp Company 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.

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