T. Rowe Price Investment Management Inc. Boosts Stake in John Marshall Bancorp, Inc. $JMSB

Key Points

• T. Rowe Price Investment Management Inc. increased its stake in John Marshall Bancorp by 0.7%, owning approximately 1.96 million shares worth about $32.34 million as of the end of the 1st quarter.
• Multiple institutional investors, including Bank of America and JPMorgan Chase, have significantly increased their positions in John Marshall Bancorp, reflecting growing interest in the company's stock.
• John Marshall Bancorp has a current average price target of $22.00 from analysts, with one rating it as a Buy, following a recent earnings report that surpassed expectations.

T. Rowe Price Investment Management Inc. grew its holdings in shares of John Marshall Bancorp, Inc. (NASDAQ:JMSB - Free Report) by 0.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,957,750 shares of the company's stock after buying an additional 13,848 shares during the period. T. Rowe Price Investment Management Inc. owned 13.69% of John Marshall Bancorp worth $32,343,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Lido Advisors LLC purchased a new stake in John Marshall Bancorp during the 4th quarter worth about $251,000. Deutsche Bank AG purchased a new stake in shares of John Marshall Bancorp in the 4th quarter valued at about $261,000. Citadel Advisors LLC lifted its holdings 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 purchasing an additional 1,851 shares during the last quarter. Barclays PLC lifted its holdings 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 purchasing an additional 2,399 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in shares of John Marshall Bancorp in the 1st quarter valued at about $564,000. 39.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

John Marshall Bancorp Stock Performance

JMSB stock traded down $0.06 during trading on Friday, hitting $19.93. The company had a trading volume of 281 shares, compared to its average volume of 19,508. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.38. The firm has a 50-day moving average price of $19.10 and a 200-day moving average price of $17.77. John Marshall Bancorp, Inc. has a 1-year low of $13.81 and a 1-year high of $26.52. The firm has a market cap of $283.40 million, a PE ratio of 14.98 and a beta of 0.70.

John Marshall Bancorp (NASDAQ:JMSB - Get Free Report) last released its earnings results on Wednesday, July 23rd. The company reported $0.36 earnings per share (EPS) for the quarter, topping 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 company had revenue of $15.43 million for the quarter, compared to analysts' expectations of $15.52 million.

Insider Activity at John Marshall Bancorp

In other news, CFO Kent Carstater purchased 5,000 shares of the firm's stock in a transaction dated Thursday, July 31st. The shares were acquired at an average price of $18.43 per share, with a total value of $92,150.00. Following the purchase, the chief financial officer directly owned 53,131 shares of the company's stock, valued at $979,204.33. The trade was a 10.39% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 12.05% of the stock is owned by company insiders.

About John Marshall Bancorp

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.