John Marshall Bancorp, Inc. $JMSB Shares Bought by FJ Capital Management LLC

Key Points

• FJ Capital Management LLC increased its stake in John Marshall Bancorp, acquiring an additional 145,746 shares, raising its ownership to approximately 2.24% of the company, valued at about $5.29 million.
• John Marshall Bancorp's shares are currently priced at $19.81, with a market cap of $281.70 million and a PE ratio of 14.89.
• Analysts have a consensus rating of "Buy" for John Marshall Bancorp, with a price target set at $22.00, as noted by Keefe, Bruyette & Woods.

FJ Capital Management LLC raised its stake in shares of John Marshall Bancorp, Inc. (NASDAQ:JMSB - Free Report) by 83.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 320,127 shares of the company's stock after acquiring an additional 145,746 shares during the period. FJ Capital Management LLC owned approximately 2.24% of John Marshall Bancorp worth $5,288,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JMSB. Bank of America Corp DE raised its stake in John Marshall Bancorp by 278.1% during the 4th 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 last quarter. Nuveen LLC acquired a new position in John Marshall Bancorp during the 1st quarter worth approximately $564,000. T. Rowe Price Investment Management Inc. increased its position in John Marshall Bancorp by 0.7% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,957,750 shares of the company's stock worth $32,343,000 after purchasing an additional 13,848 shares during the period. Deutsche Bank AG acquired a new position in John Marshall Bancorp during the 4th quarter worth approximately $261,000. Finally, Lido Advisors LLC acquired a new position in John Marshall Bancorp during the 4th quarter worth approximately $251,000. 39.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods began coverage on John Marshall Bancorp in a research report on Monday, July 21st. They set an "outperform" rating and a $22.00 target price on the stock. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $22.00.

John Marshall Bancorp Stock Performance

NASDAQ JMSB traded up $0.15 on Friday, hitting $20.17. 21,159 shares of the company's stock were exchanged, compared to its average volume of 10,478. 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's 50-day moving average price is $19.25 and its two-hundred day moving average price is $17.78. John Marshall Bancorp, Inc. has a fifty-two week low of $13.81 and a fifty-two week high of $26.52. The firm has a market cap of $286.82 million, a price-to-earnings ratio of 15.17 and a beta of 0.70.

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

Insider Buying and Selling at John Marshall Bancorp

In other news, CFO Kent Carstater purchased 5,000 shares of the stock in a transaction that occurred on Thursday, July 31st. The shares were acquired at an average price of $18.43 per share, for a total transaction of $92,150.00. Following the acquisition, 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 12.05% of the stock is currently owned by corporate insiders.

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.