John Marshall Bancorp, Inc. $JMSB Shares Newly Purchased by Bank of America Corp DE

Key Points

• Bank of America purchased 178,112 shares of John Marshall Bancorp in the second quarter, worth approximately $3.88 million and representing a 1.26% stake. Other institutional investors, including BlackRock, also established or increased positions, bringing institutional ownership to 39.09%.
• Analyst sentiment is mixed but leans positive: the stock has a “Moderate Buy” consensus rating and a $25 average price target, although Zacks Research downgraded it to “Strong Sell.”
• John Marshall Bancorp exceeded quarterly earnings expectations, reporting $0.50 EPS versus the $0.44 estimate, and raised its quarterly dividend to $0.10 per share, equivalent to a 1.7% yield.

Bank of America Corp DE purchased a new stake in John Marshall Bancorp, Inc. (NASDAQ:JMSB - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 178,112 shares of the company's stock, valued at approximately $3,883,000. Bank of America Corp DE owned 1.26% of John Marshall Bancorp at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. BlackRock Inc. purchased a new position in John Marshall Bancorp in the second quarter worth $21,460,000. Bank of New York Mellon Corp bought a new stake in John Marshall Bancorp during the 2nd quarter valued at $740,000. Rhino Investment Partners Inc grew its stake in shares of John Marshall Bancorp by 25.0% in the first quarter. Rhino Investment Partners Inc now owns 118,580 shares of the company's stock worth $2,405,000 after purchasing an additional 23,740 shares during the last quarter. Man Group plc bought a new stake in shares of John Marshall Bancorp in the 2nd quarter worth approximately $366,000. Finally, GSA Capital Partners LLP bought a new stake in John Marshall Bancorp in the second quarter valued at $327,000. Hedge funds and other institutional investors own 39.09% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Zacks Research lowered shares of John Marshall Bancorp from a "hold" rating to a "strong sell" rating in a report on Friday, September 25th. Wall Street Zen upgraded shares of John Marshall Bancorp from a "hold" rating to a "buy" rating in a research note on Saturday, September 19th. Weiss Ratings reissued a "buy (b-)" rating on shares of John Marshall Bancorp in a report on Tuesday, August 18th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of John Marshall Bancorp from $25.00 to $26.00 and gave the company an "outperform" rating in a research report on Monday, September 14th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $25.00.

John Marshall Bancorp Stock Down 0.9%

NASDAQ JMSB opened at $22.90 on Wednesday. The stock has a 50 day moving average price of $23.09 and a 200-day moving average price of $21.81. John Marshall Bancorp, Inc. has a one year low of $18.50 and a one year high of $24.26. The company has a market capitalization of $323.16 million, a P/E ratio of 13.24 and a beta of 0.58. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.08 and a current ratio of 1.08.

John Marshall Bancorp (NASDAQ:JMSB - Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The company reported $0.50 earnings per share for the quarter, beating analysts' consensus estimates of $0.44 by $0.06. The business had revenue of $18.78 million for the quarter, compared to analysts' expectations of $17.41 million. John Marshall Bancorp had a net margin of 20.41% and a return on equity of 9.16%. As a group, equities analysts predict that John Marshall Bancorp, Inc. will post 1.94 EPS for the current fiscal year.

John Marshall Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Stockholders of record on Wednesday, August 5th were paid a dividend of $0.10 per share. This is an increase from John Marshall Bancorp's previous quarterly dividend of $0.09. This represents a $0.40 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Wednesday, August 5th. John Marshall Bancorp's payout ratio is 23.12%.

About John Marshall Bancorp

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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